Last Date for Use of SAD Credited DEPB Extended to 30 Sept
Disposal of SAD Refund Cases Thru DEPB to be Cleared by 30 June
[CBEC
Circular No. 18 dated 29th April 2013]
Subject: Refund of 4% CVD
(SAD)-Extension of time upto 30th September 2013, for
using re-credited 4% CVD (SAD) amount in DEPB.
Your
kind attention is invited to the Circular No.27/2010-Customs, dated 13.08.2010,
regarding procedure on refund of 4% Special Additional Duty (SAD). The above
Circular provides the facility of manual filing of Bill of Entry for utilizing
the amount of re-credited 4% SAD refunds for payment of duty in case of
re-credited DEPB/ Reward Scheme scrips upto 31-03-2012. Circular No. 10/2012-Customs dated
29.03.2012 further extended the time upto 30.06.2012
utilizing the amount of re-credited 4% SAD refunds for payment of duty in case
of re-credited DEPB/ Reward Scheme scrips.
2. References
have been received from trade in the Board that importers have not been able to
utilize the re-credited amount of 4% SAD. The matter has been examined in
consultation with Director General of Foreign Trade (DGFT) and it has been
decided to extend time limit for using re-credited DEPB scrips/
Reward Scheme scrips in case of 4% SAD upto 30.09.2013.
3. Board also
directs all Chief Commissioner of Customs to ensure that all pending application
for refund of 4% SAD paid through DEPB/reward scrips
are disposed of by 30-06-2013. The Chief Commissioner may constitute a
special team to liquidate these refund claims. The report in this regard should
be sent to Board by 04-07-2013.
4. Board also reiterates Para 8 of Board’s Circular No.
27/2010-Customs, dated 13-08-2010 wherein it was mentioned that in the interest
of ensuring expeditious grant of refund of 4% SAD, the importers may be advised
to make the initial payment of 4% SAD in cash. DGFT has also informed that no
re-crediting shall be done if such payment is made by means of scrips. In other words, in future exporters should pay SAD
component in cash if they want a refund.
5. It is
emphasized that this is the final extension of time limit for reusing
re-credited DEPB Scrips/Reward Scheme Scrips.
6. A suitable Public Notice and Standing Order may be issued for the
guidance of the trade and staff.
F.No.401/16/2012-Cus.III