TaxTMI 
TaxTMI 
TaxTMI 
Refund of 4% CVD (SAD) in terms of Notification No. 102/ 2007 -Customs dated 14.09.2007 by re-crediting the DEPB Scrip/ reward schemes scrips
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....-DEPB Dated: 15.09.2010 PUBLIC NOTICE NO. 82/2010. Sub: Refund of 4% CVD (SAD) in terms of Notification No. 102/ 2007 -Customs dated 14.09.2007 by re-crediting the DEPB Scrip/ reward schemes scrips - regarding. Kind attention of the Trade is invited to the Notification No.102/2007-Customs dated 14.09.2007, Notification No.93/2008 Customs dated d Board's Circulars No. 6/2008-Customs dated....
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....resented by the trade and industry that existing EDI facility does not allow re-credit of the amount of 4% CVD refund sanctioned in respect of these schemes in the relevant scrips and as a result of that, a large number of refund claims are held up in different customs houses. The matter was referred to DGFT for resolving the same. 04. DGFT have subsequently issued a Public Notice No.38/ 2009-20....
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....nment against the scrips. 05. It has come to the notice of the Central Board of Excise and Customs (the Board) that even after issue of the Public Notice and Policy Circular by DGFT on the issue of re-crediting DEPB scrips on Account of 4% CVD refund, difficulties are still being faced by trade and industry as EDI, at present, does not have facility to register such re-credited scrips issued by ....
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....of Entry for utilizing the amount of re-credited CVD refund for payment of duty is also allowed. This facility has been extended up to 30.12.2010 as a one-time measure with view to liquidate all such pendencies by that time. In this regard, it is also clarified that only those B/ Es will be allowed manual processing wherein the duty involved is equal to or less than the balance amount in the re- c....