Recredit of SAD extended to allow use of re credited duty credit scrips for DEPB scrip utilisation under specified procedures. Extension permits use of re credited SAD amounts in DEPB/Reward Scheme scrips until 30 September 2013; freely transferable duty credit scrips (including DEPB) are deemed revalidated for this purpose without further RA endorsement, and consolidated certificates issued by Customs within the cutoff are deemed to effect re crediting. Importers are advised to pay SAD in cash for expeditious refund because no re crediting will be allowed where payment is made by scrips.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Recredit of SAD extended to allow use of re credited duty credit scrips for DEPB scrip utilisation under specified procedures.
Extension permits use of re credited SAD amounts in DEPB/Reward Scheme scrips until 30 September 2013; freely transferable duty credit scrips (including DEPB) are deemed revalidated for this purpose without further RA endorsement, and consolidated certificates issued by Customs within the cutoff are deemed to effect re crediting. Importers are advised to pay SAD in cash for expeditious refund because no re crediting will be allowed where payment is made by scrips.
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