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of <h1>Customs Circular Clarifies 4% CVD Refund: One-Year Claim Period Starts from Duty Payment, Not Assessment Finalization.</h1> The circular addresses the procedure for refunding the 4% Additional Duty of Customs (CVD) in cases where assessments are provisional, as per Notification No.102/2007-Customs. It clarifies that the one-year time limit for claiming refunds should be calculated from the date of duty payment at import, not from the finalization of provisional assessments. This decision aims to standardize practices across Customs Houses, ensuring that pending refund claims are processed without waiting for assessment finalization. The circular instructs issuing public notices for guidance and requests reporting any implementation challenges to the Board.
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