DGFT - 01. Remission of Duties and Taxes on Exported Products (RoDTEP) scheme is a Department of Commerce (DoC) scheme which has been implemented for exports w.e.f. o1st January, 2021 for most of the chapters. The scheme rebates various Central, State and local duties/taxes/levies which are not refunded under other duty remission schemes. This i...
DGFT - RoDTEP and RoSCTL are e-scrips issued by customs in respect of remission of embedded local duties/ taxes/ levies in exported goods....
DGFT - In the current indirect tax regime, GST we already have a system whereby prior stage indirect taxes are taken into account and credit is given for taxes on inputs, and under the IGST Act exports are zero-rated...
DGFT - 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...
DGFT - Prevailing rate of RODTEP/ROSCTL is approximately 79%-80% of license value, it is a big cause of concern for exporters, as rate of MEIS before reopening of MEIS window was 96%-97%. This huge difference in price of RODTEP/ROSCTL is eroding profitability of exporters. Besides huge supply of MEIS / RODTEP/ ROSCTL, main reason for reduction i...
DGFT - Commerce Ministry finally allowed RODTEP benefit to Chemical, Pharma and Steel Sector for the Exports transactions undertaken between 15 December 2022 to 30 September 2023 which was a long pending demand from the industry. The benefit is being expanded to these industry to boost exports will cost around 1000 Crore to the industry. The Sch...
DGFT - Export Promotion Government is encouraging and promoting Indian exports in international markets and initiate suitable interventions from time to time. The key schemes/interventions taken are: 1. Market Access Initiative (MAI) Scheme provides assistance to Export Promotion Organizations/Trade Promotion Organizations/National Level Institu...
DGFT - Government has released Rs 56,027 crore in order to clear pending export incentive dues to exporters, which is for various Schemes. In certain Schemes, such as MEIS, ROSCTL and ROSL, online applications are largely system approved, whereas for SEIS, TPS, FPS online applications require manual scrutiny and examination of documents. ...
DGFT - Under the decisive leadership of Hon’ble Prime Minister Shri NarendraModi, Government of India has decided to budget Rs 56,027 crore in this Financial Year FY 21-22 itself in order to disburse all pending export incentives due to exporters. This amount includes claims relating to MEIS, SEIS, RoSL, RoSCTL, other scrip based schemes relat...
DGFT - Centre has today notified RoDTEP Scheme Guidelines and Rates (Remission of Duties and Taxes on Exported Products). The scheme for zero rating of exports will boost our exports & competitiveness in the global markets .The rates of RoDTEP will cover 8555 tariff lines....
Notification No. 33/2023 - (26/09/2023) - Government extends RoDTEP Scheme support till June 2024, aiding exporters with duty remission. Learn about its impact and budget allocation in this update....
Notification No. 46/2023-Customs [G.S.R. 557(E).] - (26/07/2023) - Notification No. 46/2023-Customs issued by Ministry of Finance (Department of Revenue) on 26th July, 2023, makes amendments to customs Notification No. 45/2017-Customs,, Notification No. 47/2017-Customs and Notification No. 50/2017-Customs. The amendments are related to the implementation of two sch...
Notification No. 04/2023-DGFT [S.O. 1995(E).] - (01/05/2023) - Consequent to enactment of Finance Bill, 2023, certain changes in RoDTEP Schedule (Appendix 4R) are being made w.e.f 01.05.2023 to align it with First Schedule of Custom Tariff Act....
Notification No. 24/2023-Customs (N.T.) [G.S.R.261 (E).] - (01/04/2023) - CBIC notifies manner of issue of duty credit for goods exported under the RoDTEP Scheme under Foreign Trade Policy, 2023 vide Notification No. 24/2023-Customs (N.T.) Dated : 1st April, 2023 GOVERNMENT OF INDIA MINISTRYOF FINANCE (DEPARTMENT OF REVENUE) Notification No. 24/2023-Customs (N.T.) Dated ...
Notification No. 53/2015-2020-DGFT [S.O. 133(E).] - (09/01/2023) - The revised Appendix 4R, after incorporating changes recommended by the RoDTEP Committee in relation to apparent errors and anomalies in 432 HS Codes in the earlier notified RoDTEP rates/caps, is being notified and will be applicable for exports made from 16.01.2023 to 30.09.2023....
Notification No. 33/2023 - 26/09/2023
Notification No. 46/2023-Customs [G.S.R. 557(E).] - 26/07/2023
Notification No. 04/2023-DGFT [S.O. 1995(E).] - 01/05/2023
Notification No. 24/2023-Customs (N.T.) [G.S.R.261 (E).] - 01/04/2023
Notification No. 53/2015-2020-DGFT [S.O. 133(E).] - 09/01/2023
Circular No. 21/2022-Customs - 26/09/2022