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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...

Scheme Guidelines for Remission of Duties and Taxes on Exported Products (RoDTEP) As we all are aware that the new RoDTEP scheme was introduced as a part of Foreign Trade Policy replacing MEIS benefit. This much needed and awaited scheme has been announced by commerce ministry vide Notification No. 19/2015020 dated 17 August 2021 along [&...

In this write-up, I am going to discuss the Import Export Code (hereinafter called IEC.) Import Export Code is the alphanumeric code similar to the PAN of the Company/Individual/Firm, as the case may be. It is used for the identifications of the importer and exporter....

APEDA (RCMC) Registration- Meaning, Benefits, Process Documents Required etc for APEDA License Agricultural & Processed Food Products Export Development Authority (APEDA) is a government organization that was established to develop and promote the export of scheduled products. APEDA is an authority that provides financial assistance, ...

IEC is a business identification number issued by the Director General of Foreign Trade (DGFT) to an importer or exporter. A person cannot import or export unless he is in the possession of an IEC number. Where a person import or export of any service or technology, the IEC number shall be required only when […]...

With the spate of bank failures in independent India putting the depositors’ money at risk, India passed DICGC Act in 1961 through which Deposit Insurance & Credit Guarantee Corporation of India (DICGC) came into existence....