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RoDTEP the New incentive scheme for Exporters

Chartered Accountant with more than 15 years of practice. Specialized in the field  of Indirect taxation and Foreign Trade Policy. GST consultant for various companies. Assisted many Exporters in documentation and in obtaining the Export Incentive from the DGFT. RODTEP SCHEME A new scheme RoDTEP has been introduced from 1.1.2021 instead ...

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Posted Under: DGFT |

Pre-requisite for RoDTEP & Mechanism to claim RoDTEP benefit

We refer to our earlier article on introduction of RoDTEP Incentive scheme with effect from 01 January 2021. In relation to the said press release, ICEGATE has issued Advisory No. 01/2021 dated 01 January 2021. Please find below a brief note on important aspects from the Advisory. The broad provisions of the scheme: Pre-requisite for [&he...

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Posted Under: DGFT |

IMPORTANT | RoDTEP Scheme from 01st January 2021

As we all are aware that the Government was in discussion for the introduction of a new benefit of ​​Remission of Duties and Taxes on Exported Products (RoDTEP) on merchandise exports replacing the existing ​​Merchandise Exports from India Scheme (MEIS) Scheme. In relation to the same, the Ministry of Finance has recently issued a...

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Posted Under: DGFT |

Registration Cum Membership Certificate (RCMC) IN ESC

Registration-Cum-Membership Certificate (RCMC) is a certificate that validates an exporter dealing with products registered with an agency/ organization that are authorised by the Indian Government. Applicability Any person applying for 1. An authorisation to import/export on restricted items 2. Any other benefits or concession under Fore...

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Posted Under: DGFT |

Importing Audio-Visual licenses from Japan: Understanding GATS & CEPA

This article attempts to clearly lay out the implications of the Comprehensive Economic Partnership Agreement (CEPA) for parties interested in bringing Japanese Animation titles to Indian markets. CEPA is a Free Trade Agreement (FTA) entered between India-Japan, which came into effect in August 2011....

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Posted Under: Income Tax |

Import Substitution Nationalism in the Interests of the Nation – Not Protectionism

‘Import Substitution’ (IS) generally refers to a Trade & Economic Policy that that advocates Replacing or Eliminating or Minimizing the Importation of the commodity and Encourage for the Production in the Domestic Market. It is based on the Premise that a Country should attempt to Reduce its Foreign Dependency through the ...

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Posted Under: DGFT |

IEC Profile Management- FAQs

Q 1. What is the technical requirement for filing an IEC? Ans. -Valid Digital Signatures Token -Valid PAN -Valid Mobile Number and Email ID. -Valid Address Details of Branch Office -Valid Bank Account in the name of IEC Holder -Valid Aadhar Card matching the details with PAN Card Q 2. How to apply for new […]...

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Posted Under: DGFT |

Digital Signature & e-Sign using Aadhaar for getting IEC

Q 1. Why Digital Signature Certificate (DSC) is required for getting IEC issued from DGFT? Ans. DSC has been re-introduced in IEC to strengthen the IEC issuance and modification processes. Q 2. What type of DSC tokens are allowed and what are the validations? Ans. We support Class-2 and Class-3 token. Both Individual and Organisation [&he...

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Posted Under: DGFT |

RODTEP calculations – race against time for manufacturer-exporters

India lost the battle before the WTO panel (panel) when number of export incentive schemes that were (are) in vogue were called off as illegal per the SCM agreement. The mischief of MEIS, as pointed out by the panel, was that instead of providing countervailing rates for setting of the input taxes, the rates were […]...

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Posted Under: DGFT |

Merchandise Exports from India Scheme (MEIS)- Filing Process

Merchandise Exports from India Scheme (MEIS) is introduced in the Foreign Trade Policy of India 2015-20, as a part of the Exports from India Scheme. The Government of India has brought in the Merchandise Exports Incentive Scheme (MEIS), replacing five other similar incentive schemes present in the earlier Foreign Trade Policy 2009-14. The...

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Posted Under: DGFT |