SERVICE EXPORTERS: CLAIM YOUR INCENTIVE AS PER FOREIGN TRADE POLICY Service Exports India Scheme is an incentive scheme as per the Foreign Trade Policy which aims at rewarding the service exporters. ELIGIBILITY: All the service providers as per the Appendix 3X notification No 29/2015-20 dated 23/9/2021 for the year 2019-20 and Appendix 3D...

Policy Relaxation Committee (PRC) Policy Relaxation Committee (PRC) is also referred as Exemption from Policy/Procedures (EPP). DGFT may in public interest pass such orders or grant such exemption relaxation or relief, as he may deem fit and proper, on grounds of genuine hardship and adverse impact on trade to any person or class or categ...

Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme This is one such reform, based on the globally accepted principle that taxes and duties should not be exported, and taxes and levies borne on the exported products should be either exempted or remitted to exporters. The government had decided to discontinue MEIS–its ...

The New Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme and Rates announced by The CBIC on 17th August in place of the MEIS Scheme has not lived up even to minimum expectations of Trade & Industry. The Rates of  Merchandise Export from India Scheme (MEIS) which were being dragged down over the […]...

So finally after almost 8 months, the government on have announced rates of tax refunds under the export promotion scheme RoDTEP for 8,555 products. Now, That’s what we expected? No! Background 1. The Cabinet Committee on Economic Affairs, chaired by Prime Minister has given its approval on 13th March 2020 for introducing the Scheme...

In a major move aimed at boosting exports and offering relief to exporters, the government on 17th  August  2021 notified Remission of Duties and Taxes on Exported Products (RoDTEP) (guidelines) as part of the Chapter 4 provisions of the Foreign Trade Policy 2015-20– Notification No. 19/ 2015-20 dated 17 August 2021 to replace the...

Introduction For exporter of goods, the Government had launched a new scheme, RoDTEP (Remission of Duties and Taxes on Exported Products) from 1st January 2021. This was in replacement of the erstwhile scheme of MEIS which had been disputed by a few countries before the WTO. Even though, the RoDTEP scheme had been implemented from [&helli...

Background: Indian Exporters have been waiting for last 8 months for the announcement of the benefits under RoDTEP (Remission of Duties and Taxes on Exported Products) Scheme. Ministry of Commerce & Industry under Department of Commerce has finally come out with the Scheme Guidelines by issuing the Notification No. 19/2015-2020 dated ...

Remission of Duties and Taxes on Exported Products (RoDTEP) Rates Announced : Exporters Expressing Displeasure After a long wait Government has announced Remission of Duties and Taxes on Exported Products (RoDTEP)  Rates for 8,555 Products and set aside ₹12,454 crore for refunds under the scheme for the current fiscal, that came as a h...

The DGFT (Director General of Foreign Trade) has issued Notification No: 19/2015-20 dated: 17.08.2021 and thus detailed the scheme guidelines for RoDTEP (Remission of Duties and Taxes on Exported Products) As expected the RoDTEP benefits are lesser than the erstwhile MEIS (Merchandised Export Incentive Scheme) benefits which came to its e...