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of <h1>Finance Ministry Extends Deadline for 4% CVD Refunds on DEPB and Reward Scheme Scrips to June 30, 2012.</h1> The circular issued by the Ministry of Finance extends the deadline for using re-credited 4% CVD (SAD) amounts in DEPB and Reward Scheme scrips until June 30, 2012. It instructs all Chief Commissioners of Customs to resolve pending refund applications for 4% SAD paid through these scrips by April 30, 2012, and to report to the Board by May 4, 2012. Importers are advised to pay the 4% CVD in cash for future refunds, as re-crediting will not be allowed if payment is made via scrips. Public notices and standing orders are to be issued for guidance.
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