Customs —DEPB-Procedure for refund of 4% SAD- Extension of time upto 30th September 2013, for using re-credited 4% SAD amount in DEPB - Customs - PUBLIC NOTICE NO. 132/2013

GOVERNMENT OF INDIA MINISTRY OF FINANCE OFFICE OF THE COMMISSIONER OF CUSTOMS (EXPORTS) CUSTOM HOUSE, 60, RAJAJI SALAI, CHENNAI- 600 001. F. No. S. Misc/139/2010-DEPB Dated: 17/06/2013 PUBLIC NOTICE NO. 132/2013 Sub: Customs -DEPB-Procedure for refund of 4% SAD- Extension of time upto 30th September 2013, for using re-credited 4% SAD amount in DEPB- Reg. Attention of the Trade is invited to this Commissionerate Public Notice No. 95/2012 dated 02.05.2012 issued on the basis of CBEC Circular No. 10/2012 dated 9.03.2012 giving a time limit upt030.06.2012. Further to the above, the CBEC vide their Circular No. 18/2013-Cus dated 29.04.2013 in F.No.401/16/2012-Cus.III had laid further procedure for refund of SAD. 2. The matter has been examined by CBEC in consultation with Ministry of Commerce. Accordingly, it has been decided to extend time limit for using re-credit DEPB / Reward Scheme Scrips in case of 4% SAD upto 30th September 2013. 3. Board has also reiterated Para 8 of Board's Circular No.27/2010 Cus dated 13.8.2010 wherein it was mentioned that in the interest of ensuring expeditious grant of refund of 4% SAD, the importers are hereby advised to make initial payment of 4% SAD in cash. DGFT has also informed that no re-crediting shall be done if such payment is made by means of scrips. In other words, in future exporters should pay SAD component in cash if they want refund. 4. Further, attention is invited on DGFT PN 06 (RE 2013) 2009-2014 dated 18.4.2013 wherein the following instruction are given (i) Only for the purpose of utilization of re-credit of 4% SAD of Customs, the freely transferable duty credit scrips (including DEPB), shall be deemed to have been re-validated till 30.09.2013. No further endorsement by the respective RA on such scrips shall be required. (ii) If the consolidated certificate (Credit Note) has already been issued by Customs or gets issued by 30.6.2013, then the amount (4% SAD) indicated in the consolidated certificate by Customs shall be deemed to have been re-credited in the scrips in such cases, without any further reference to any RA of DGFT. Authority (i): CBEC Circular No. 18/2013-cus dated 29.04.2013 in F.N0.401/16/2012-cus. III Authority (ii): PUBLIC NOTICE No. 06 (RE 2013) 2009-2014 dated 18.4.2013 issued by Ministry of Commerce Industry (Dept. of Commerce), New Delhi. COMMISSINER OF CUSTOM (EXPORTS)