TMI BlogRefund of 4% CVD (SAD) in terms of Notification No.102/2007-Customs dated 14.9.2007 by re-crediting the DEPB scrip / reward scheme scrips - regardingX X X X Extracts X X X X X X X X Extracts X X X X ..... rth Block, New Delhi -110001. Dated, 13th August, 2010 . To All Chief Commissioners of Customs / Customs (Prev.). All Chief Commissioners of Customs Central Excise. All Commissioners of Customs / Customs (Prev.). All Commissioners of Customs Central Excise. Subject: Refund of 4% CVD (SAD) in terms of Notification No.102/2007-Customs dated 14.9.2007 by re-c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s dated 9.2.2009 extends the facility of similar re-credit to the relevant scrip for disbursing SAD refund in respect of other scrips like Vishesh Krishi and Gram Udyog Yojana (VKGUY), Focus Market Scheme (FMS) and Focus Product Scheme (FPS) also. However, it has been represented by the trade and industry that existing EDI facility does not allow re-credit of the amount of 4% CVD refund sanctione ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issued by DGFT also provides for sending a copy of such duty scrips where re-credit was allowed along with the details of original duty scrips so that the Customs authorities can compare the details before allowing clearance of import consignment against the scrips. 4. It has come to the notice of the Board that even after issue of the Public Notice and Policy Circular by DGFT on the issue of r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... registration of re-credited duty scrips issued by DGFT on the basis of consolidated certificate furnished by Customs should be allowed on manual basis. The facility of manual filing of Bill 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 a view to liquidate all such pendenc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4% CVD in cash, the importers may be advised to make the initial payment of 4% CVD in cash. 9. A suitable Public Notice and Standing Order may be issued for the guidance of the trade and staff. 10. Difficulties faced if any in implementation of this Circular may be brought to the notice of the Board. Yours faithfully, (R. P. Singh) Director (Customs) - Circul ..... X X X X Extracts X X X X X X X X Extracts X X X X
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