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Refund of 4% CVD (SAD) in terms of Notification No. 102/ 2007 -Customs dated 14.09.2007 by re-crediting the DEPB Scrip/ reward schemes scrips

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..... , RAJAJI SALAI, CHENNAI-600 001. File No. S. Misc/139/2010-DEPB Dated: 15.09.2010 PUBLIC NOTICE NO. 82/2010. Sub: Refund of 4% CVD (SAD) in terms of Notification No. 102/ 2007 -Customs dated 14.09.2007 by re-crediting the DEPB Scrip/ reward schemes scrips - regarding. Kind attention of the Trade is invited to the Notificat .....

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..... Vishesh Krishi and Gram Udyog Yojana (VKGUY), Focus Market Scheme (FMS) and Focus Product Scheme (FPS) also. 03. However, it has been represented by the trade and industry that existing EDI facility does not allow re-credit of the amount of 4% CVD refund sanctioned in respect of these schemes in the relevant scrips and as a result of that, a large number of refund claims are held up .....

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..... credit was allowed along with the details of original duty scrips so that the Customs authorities can compare the details before allowing clearance of import consignment against the scrips. 05. It has come to the notice of the Central Board of Excise and Customs (the Board) that even after issue of the Public Notice and Policy Circular by DGFT on the issue of re-crediting DEPB scrips .....

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..... oard that registration of re-credited duty scrips issued by DGFT on the basis of consolidated certificate furnished by Customs should be allowed on manual basis. The facility of manual filing of Bill of Entry for utilizing the amount of re-credited CVD refund for payment of duty is also allowed. This facility has been extended up to 30.12.2010 as a one-time measure with view to liquidate all such .....

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