Refund of 4% CVD (SAD)-Extension of time upto 30th June 2012, for using re-credited 4% CVD (SAD) amount in DEPB-Regarding.

CVD (SAD) refund extension: re-credited DEPB/Reward scrips use extended; pending refund claims must be cleared.

Extension permits use of re-credited DEPB/Reward Scheme scrips for payment of CVD (SAD) refunds and continues the manual Bill of Entry facility for utilising re-credited amounts. Commissioners must dispose pending refund applications paid through DEPB/Reward scrips within a prescribed internal deadline, report progress to the Board, and may form special teams. The Board reiterates that future refunds require initial SAD payment in cash, as DGFT will not re-credit scrips when payment is by scrips, and directs issuance of public notices and standing orders.