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TMI BlogSimplification of procedure for claiming 4% SAD refundX X X X Extracts X X X X X X X X Extracts X X X X ..... C. No. VIII(9)5/CUS/TECH/2000/35884-99(A) Dated: 02.08.2010 FACILITY No. 05/2010 Sub: Simplification of procedure for claiming 4% SAD refund Attention of trade and all concerned is invited to the Notification No. 102/2007- Customs dated 14.09.2007 and Board's Circulars No. 6/2008-Customs dated 28.4.2008 and No. 16/2008- Customs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he pending refund claims as on 31.3.2010 at major Custom Houses, it has been noticed that more than 80% of pending claims relate to 4% CVD cases. Hence, the Board has decided to further simplify the procedure for claiming 4% CVD in the following manner. 4.1. In respect of Accredited Clients registered with Customs in terms of Circular No. 42/2005 Customs dated 24.11.2005 (ACP clients ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ectronic form (CD or other media) in respect of 4% CVD refund cases and submission of paper documents is accordingly dispensed with. 5. In order to enable timely payment of refund in case of 4% CVD, a system of optional facility of directly crediting the applicant's bank account, through RTGS (Real Time Gross Settlement) or NEFT (National Electronics Funds Transfer) System is bein ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sue has been examined by the Board and it has been decided that the field formations shall- accept a certificate from Chartered Accountant for the purpose of satisfying the condition that the burden of 4% CVI) has not been passed on by the importer to any other person. Further, the importer shall also make a self-declaration along with the refund claim to the effect that he has not passed on the i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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