Refund of 4% CVD (SAD) extension allows re credited amounts to be used in DEPB scrips until June 30, 2012. The period for utilisation of re credited 4% CVD (SAD) amounts in DEPB/Reward Scheme scrips is extended to 30 June 2012; no further extension will be granted. Exporters/importers are advised to pay the 4% SAD in cash for expeditious refunds because re crediting will not be allowed where initial payment is made by scrips. Re credited CVD refunds 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 crediting.
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.
Refund of 4% CVD (SAD) extension allows re credited amounts to be used in DEPB scrips until June 30, 2012.
The period for utilisation of re credited 4% CVD (SAD) amounts in DEPB/Reward Scheme scrips is extended to 30 June 2012; no further extension will be granted. Exporters/importers are advised to pay the 4% SAD in cash for expeditious refunds because re crediting will not be allowed where initial payment is made by scrips. Re credited CVD refunds 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 crediting.
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