Refund of 4% Special Additional Duty of Customs – CBEC Clarifies
BOARD had issued Circular No. 6/2008 dated 28 th April, 2008 in pursuance of Notification No.102/2007-Customs dated 14.9.2007 regarding the procedure to be adopted for refund of 4% Special Additional Duty of Customs.
As per Para 7.3 of the Circular, it was clarified that in case of 4% CVD having been paid through DEPB Scrip, the amount eligible for refund should be re-credited on the relevant DEPB Scrip.
DGFT has suggested that the facility extended to DEPB scrip may also be extended to Vishesh Krishi and Gram Udyog Yojana (VKGUY), Focus Product Schemes (FPS) and Focus Market Schemes (FMS).
The gracious Board has accepted the DGFT suggestion and has decided that in case of 4% CVD having been paid through VKGUY, FPS and FMS Scrips, the amount eligible for refund should be re-credited on the relevant VKGUY, FPS and FMS Scrip.
Board wants the Chief Commissioners to inform the trade and the staff.
CBEC Circular No. 6 /2009- Customs Dated : 9th February, 2009