SAD Refund

[Samir Banerjee]

One Trader (importer) imported goods from associated party. The Trader has already filed application with SVB which is under process. The importer wants to file Refund of 4% SAD paid on provisional assessed Bill of Entries. My query is can importer file or claim 4% SAD refund till the Bill of Entry not assessed finally. If yes, do the importer needs to follow any prescribed procedure?

AI Summary

Traders Can Claim 4% SAD Refund Within One Year, Even If Bills of Entry Are Provisionally Assessed A trader inquired about the possibility of claiming a 4% Special Additional Duty (SAD) refund on provisionally assessed Bills of Entry while their application with the Special Valuation Branch (SVB) is pending. The response highlighted that, according to Notification No 93/2008 Cus dated 01.08.2008, the trader can file for the refund within one year from the date of payment of the additional customs duty, regardless of whether the Bills of Entry have been finally assessed.