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.
CAclubindia
