Extension of time for using re-credited CVD refunds in DEPB scrips set with a final cutoff and strict use limits. Extension permits use of re-credited 4% CVD refunds in DEPB and Reward Scheme scrips until a final cutoff; no further extensions will be allowed. Re-credited CVD refund amounts must be used only for payment of Basic Customs Duty and CVD and not for payment of the 4% CVD (SAD), to avoid cascading re-credits. The procedure follows CBEC guidance and the authorised manual filing of bills for utilising re-credited DEPB/Reward Scheme 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.
Extension of time for using re-credited CVD refunds in DEPB scrips set with a final cutoff and strict use limits.
Extension permits use of re-credited 4% CVD refunds in DEPB and Reward Scheme scrips until a final cutoff; no further extensions will be allowed. Re-credited CVD refund amounts must be used only for payment of Basic Customs Duty and CVD and not for payment of the 4% CVD (SAD), to avoid cascading re-credits. The procedure follows CBEC guidance and the authorised manual filing of bills for utilising re-credited DEPB/Reward Scheme scrips.
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