SAD Refund usage of DEPB

A company went to take refund of SAD. The entity had used DEPB at the time of import. Entuty got the order for the refund from the customs authorities. The order was given with the cash refund for the amount of SAD paid in cash and for the amount utilised by DEPB order was issued mentioning that re-credit will be given to the scrip.


What procedure will have to be followed to get re-credit on scrip? Does it require to file application for re-credit in the Customs Department or will the credit application to be made at DGFT office.  which DGFT Office, if license used is from Chennai and entity purchased it in Delhi and used for imports at Mumbai port? Please advise.

Replies (1)

KIND ATTENTION MR VINAY,

PLEASE REFER TO PUBLIC NOTICE NO.38/2009-2014 DTD. 03 FEBRUARY, 2010 OF DGFT, ISSUED FROM FILE NO:-01/94/180/DEPB-SAD RECREDIT/AM10/PC-4

ACCORDING PARA NO.2.13.2A , "FOR THE PURPOSE OF RE-CREDIT OF 4% SAD OF CUSTOMS IN THE FREE TRANSFERABLE DUTY CREDIT SCRIPS (INCLUDING DEPB) REVALIDATION FOR A MAXIMUM PERIOD OF 6 MONTH FROM THE DATE OF ENDORSEMENT SHALL BE ALLOWED IN CASE THE BALANCE PERIOD OF VALIDITY IS LESS THAN 6 MONTHS ON THE DATE OF RE-CREDIT.

 IN VIEW OF ABOVE, YOU ARE REQUESTED TO PLEASE CUSTOM DEPARTMENT RE-CREDIT YOUR SAD NOT DGFT.

REGARDS,

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