n the case of close out for scrips which have been indefinitely suspended/ delisted, the reference price would be the twenty-six weeks average traded price while the close out mark up would be 20%.You are advised to take steps to implement The decisions.
Circular No.656/47/2002-CX.8 I am directed to say that certain instances have been brought to the notice of the Board wherein refund amount originally credited to the Consumer Welfare Fund is subsequently to be paid to the assessee on account of orders of appellate judicial authorities. However, as reported the drawl of amount originally credited to Consumer Welfare Fund usually takes time due to involvement of various agencies resulting in delay in grant of refund to the assessee and the Department has to pay interest on such delayed refunds.
