DGFT Public Notice No 105 Dt 27/03/12

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....GFT Public Notice No 105 Dt 27/03/12<br> Query (Issue) Started By: - Avinash Bhavsar Dated:- 10-6-2012 Last Reply Date:- 11-6-2012 Customs - Exim - SEZ<br>Got 3 Replies<br>Customs<br>Dear Sir, Kindly give details of DGFT Public Notice No 105 Dt 27/03/12. Reply By Pradeep Khatri: The Reply: What is this trade all about? Is it a trade notice or notification as I could not findout any such informa....

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....tion. Please clarify. Reply By Pradeep Khatri: The Reply: It's a Public Notice not the Trade notice and it's about Procedure for refund / revalidation of DEPBs/Reward Scrips for re-credit of 4% CVD (SAD). PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY (PART-I, SECTION-1) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE PUBLIC NOTICE No. 105 / 2009-14(RE 2010) ....

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.... NEW DELHI: the 27th March, 2012 Subject: Procedure for refund / revalidation of DEPBs/Reward Scrips for re-credit of 4% CVD (SAD). In exercise of powers conferred under Para 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby replaces Paragraph 2.13.2A of the Handbook of Procedures (Vol.1), 2009-14 by the following:- "Only for the purpose of utilisation of r....

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....e-credit of 4% Special Additional Duty (SAD) of customs, the freely transferable duty credit scrips (including DEPB), shall be deemed to have been revalidated till 30.6.2012. No further endorsement of such scrips by the respective RA shall be required under the following circumstances:- (i) if the endorsement has been made by Regional Authority on or before 15.9.2011 but the re-credit remains un....

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....utilised; Or (ii) if the consolidated certificate (Credit Note) have been issued by Customs between 1.9.2011 to 30.4.2012. In such scrips, the amount indicated in the consolidated certificate by customs shall be deemed to have been recredited." Effect of Public Notice: This will reduce the transaction cost and procedural burden as it will facilitate utilisation of re-credit without requirin....

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....g it to be presented to RA of DGFT for an endorsement of revalidation. Sd/- (Anup K. Pujari) Director General of Foreign Trade and E-mail: [email protected] (Issued from File. No. 01/94/180/DEPB-SAD recredit/AM10/PC-4) Reply By Avinash Bhavsar: The Reply: Dear Pradeep Sir, Sorry Sir I made mistake, Thanks for reply Avinash Bhavsar<br> Discussion Forum - Knowledge Sharing ....