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of <h1>Simplified 4% CVD Refund Process for Accredited Clients: Electronic Invoices, Quick Processing, and Optional Direct Bank Credit.</h1> The circular addresses the refund process for the 4% Additional Duty of Customs (4% CVD) as per Notification No.102/2007-Customs. It outlines a simplified procedure for Accredited Clients, allowing full refund upon preliminary scrutiny of specific documents, with detailed scrutiny occurring post-audit. Refunds must be processed within 30 days. Sale invoices are to be submitted electronically. An optional facility for direct bank account credit via RTGS or NEFT is introduced. A Chartered Accountant's certificate and a self-declaration by the importer are required to confirm the non-transfer of the 4% CVD burden. Additional documentation requirements are minimized.
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