Why Choose RoDTEP Scheme?
When exporting goods from India, various non-recoverable taxes are levied, including Mandi tax, VAT, Coal cess, and Central Excise duty on fuel. To address this issue, the Government of India has introduced the WTO-compliant RoDTEP scheme, effective from 01.01.2021, aiming to reimburse these taxes, duties, and levies not refunded under any other scheme.
Under this scheme, exporters can claim a rebate as a percentage of the Freight On Board (FOB) value of exports.
Key Features:
- Eligibility for manufacturers and merchant exporters.
- Refund provided in the form of transferable electronic scrip.
- Scrips transferable to any importer.
- Cap on rebate amount per unit for certain export items.
- Utilization limited to Basic Customs Duty (BCD) upon import.
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Services Offered:
Consulting & Issuance:
- Assess eligibility under the RoDTEP Scheme.
- Identify exports according to correct codes.
- Prepare documentation and applications.
- Reconcile Non-Fulfillment of Export Obligation (NFE).
- Represent and follow up with relevant departments for expedited issuance of RoDTEP Scrip.
Monetization Support:
- Assist in the monetization of RoDTEP Scrip for financial benefits.
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Frequently Asked Questions
What is the RoDTEP Scheme?
The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme aims to reimburse taxes, duties, and levies not refunded under any other scheme on exported goods.
Who is eligible for the RoDTEP Scheme?
Manufacturers and merchant exporters (traders) exporting goods from India are eligible for the RoDTEP Scheme.
How is the RoDTEP rebate calculated?
The RoDTEP rebate is claimed as a percentage of the Freight On Board (FOB) value of exports.
Can RoDTEP scrips be transferred?
Yes, RoDTEP scrips are transferable to any importer.
What taxes can be paid using RoDTEP scrips upon import?
RoDTEP scrips can be used only for payment of Basic Customs Duty (BCD) upon import of goods.
Are there any export items not eligible for RoDTEP benefits?
Certain export items have a cap on the rebate amount per unit, and RoDTEP benefits may not be available for schemes like Advance Authorization, EOU, and Jobbing as per current notification. However, the RoDTEP scheme can be availed with the EPCG scheme.