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01/01/21 10:20 AM IST

Remission of Duties and Taxes on Exported Products

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Taking a major step to boost exports, Government has decided to extend the benefit of  the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) to all export goods with effect from 1st January, 2021.

Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme
  • The Remission of DutiesandTaxes on Exported Products(RoDTEP) scheme was announced by Government of India (GOI) on 14 September 2019
  • It was announced to boostexportsby allowing reimbursement oftaxesandduties, which are not exempted or refunded under any other scheme in accordance with World Trade Organization (WTO) norms.

Objective of the RoDTEP Scheme

  • Refund to exporters the embedded Central, State and local duties/taxes that were so far not being rebated/refunded and were, therefore, placing our exports at a disadvantage. 
  • Refund would be credited in an exporter’s ledger account with Customs and used to pay Basic Customs duty on imported goods. The credits can also be transferred to other importers.

Source: PIB

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