Why RoDTEP Scheme –
When goods are exported from India, the exported products are levied with various types of non recoverable taxes like Mandi tax, VAT, Coal cess, Central Excise duty on fuel etc. which should not be.
Government of India has now introduced the WTO compliant RODTEP scheme effective from 01.01.2021 with an aim of reimbursement of those taxes/ duties/ levies, at the central, state and local level, which are currently not being refunded under any other scheme.
This RODTEP rebate is claimed as a percentage of the Freight On Board (FOB) value of exports.
Important Points to note
Manufacturers as well as merchant exporters (traders) are eligible to get the benefit in this scheme.
This refund is provided in the form of transferable electronic scrip i.e. the RoDTEP e-scrip maintained and tracked in the Indian Customs Electronic Gateway ICEGATE’s electronic ledger.
These RoDTEP scrips are transferable to any importer.
A cap on rebate amount per unit has also been notified for certain export items. Such RoDTEP rates and quantum have been notified and the RoDTEP Scheme rates list can be found in Appendix 4R of Foreign Trade Policy at 8-digit HS code level.
The e-scrips issued will be used in payment of only Basic Customs Duty (BCD) and not any other taxes like IGST, compensation cess etc. upon import of goods.
Non Eligibility– As per the current notification RoDTEP benefits are not available to certain other schemes like Advance Authorization, EOU, Jobbing etc however one can avail the benefit of RoDTEP scheme with the EPCG scheme.
We provide end-to-end support to Goods Exporter who earn in foreign Exchange to compliantly avail of incentives. This includes:
Besides consulting, documentation, representation and facilitation of all matters related to Exports and Imports Policy, Procedures, Licenses and Incentives we also buy and sell for our Exporter and Importer clients.
Through our process of checking the scrips before buying and selling, we ensure that the chances of wrong scrips or their misuse is ruled out. Most of our clients being large corporate, MNCs or Public sector companies chances of any misuse is in any case virtually not there.
Please let us know in case you want to sell or buy the scrips and give us the details by Clicking Here, and we will get back to you asap:
