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RoDTEP
– The RoDTEP (Remission of Duties and Taxes on Exported Products) scheme formed to replace the MEIS (Merchandise Export Incentives Scheme).
– The scheme will ensure that the exporters receive the refunds on the embedded taxes and duties previously non-recoverable. The scheme was brought about with the intention to boost exports which were relatively poor in volume previously.
- Under the Scheme, a rebate would be granted to eligible exporters at a notified rate as a percentage of FOB value with a value cap per unit of the exported product, wherever required, on export of items which are categorized under the notified 8 digit HS Code.
- DGFT vide notification No.19/2015-2020 dt. 17th August 2021 Scheme guidelines and rates for new scheme for RoDTEP have been notified in Appendix 4R.
- However, for certain export items, a fixed quantum of rebate amount per unit may also be notified.
- Rates of rebate / value cap per unit under RoDTEP notified in Appendix 4R.
Notification No. 04/2015-2020 Dated.11th May, 2022 – by DGFT
Alignment of 4R with Finance Act, 2021 with effect from 01.01.2022
Appendix 4R
- The DGFT notified vide notification No. 04/2015-20 with effect from 01.01.2022 New Appendix 4R schedule which is aligned with the Finance Act 2021.
- The New Appendix 4R containing the eligible RoDTEP export items, Rates and per unit value caps.
- And the implementation of new RoDTEP Schedule is with effect from 01.01.2020 after aligning earlier schedule with the customs tariff schedule as per finance Act 2021.
On Per My View
- The export items, rates and per unit value caps notified in Appendix 4R on 17th August 2021 vide notification No.19/2015-2020 are revised from 01.01.2022 onwards.
- With effect from dated. 01.01.2022 this notification the eligible RoDTEP export items, rates and per unit value caps has been changed in Appendix 4R schedule.
- A new RoDTEP schedule has been notified for implementation with effect from 01.01.2022 after aligning the earlier schedule with the customs tariff schedule as per finance act 2021.
Reviewed by : Venkatanarayana G M | Audumbar
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