Re-credited 4% SAD
DEPB/Reward Scheme Scrips use Extended
upto 30 June 2011
[Ref:
Public Notice No. 23/2011 dated 8 March 2011]
1. Attention OF ALL Exporters, Importers, Custom
House Agent and Member of Trade and all concerned is invited to the Circular
No. 27/2010-Customs dated 13.08.2010
& Public notice no. 123/2010 dtd. 01.12.2010
regarding procedure to be followed by the Customs field formations in case of
4% CVD refund claims.
2. The above Circular provides the facility of
manual filing of Bill of Entry for utilizing the amount of re-credited 4% CVD
(SAD) refunds for payment of duty in case of re-credited DEPB / Reward Scheme scrips upto 30.12.2010. However
several representations have been received from trade and industry to extend
the time upto 30th June 2011 for using re-credited 4%
CVD (SAD) amount in DEPB as they have not been able to utilize the re-credited
DEPB / Reward Scheme scrips within the stipulated
time.
3. The matter has been examined by the Board in
consultation with the Ministry of Commerce. Accordingly, it has been decided to
extend the time limit for using re-credited DEPB / Reward Scheme scrips in case of 4% CVD (SAD) upto
30th June 2011.
4. This
Public Notice issued only to extend time limit for using re-credited DEPB /
Reward Scheme scrips in case of 4% CVD (SAD) upto 30th June
2011. All the contents in Public Notice No. 123/2010 dated 01.12.2010
remain unchanged.
5. Difficulties faced if any in implementation
of this Circular may be brought to the notice to concerned Deputy/Asstt. Commissioner of Customs.
F.No.S/26-Misc-
68/2010-11 CRC(SAD) JNCH