Utilizing Refunded SAD for Duty Payment (DEPB) Extended by Two Months
CBEC Circular No 27/2010-Customs, dated 13.08.2010,provided the facility of manual filing of Bill of Entry for utilizing the amount of re-credited 4%CVD(SAD) refunds for payment of duty in case of re-creditedDEPB/ Reward Schemescripsupto30.12.2010. However several representations have been received from trade and industry to extend the timeup to30th June, 2011 for using re-credited 4%CVD(SAD) amount inDEPBas they have not been able to utilize the re-creditedDEPB/ Reward Scheme scripswithin the stipulated time.
By Circular No.11/2011-Customs, dated 24.02.2011, Government had extended this time till 30.06.2011. Still there are representations that the trade could not use this facility within the stipulated time.
So a benign Government has now extended it till 15.09.2011, with a rider that no further extension shall be given.
CBEC Circular No. 30/2011-Cus., Dated: July 19, 2011