What is Remission of Duties and Taxes on Exported Products (RoDTEP)?
RoDTEP stands for Remission of Duties and Taxes on Export product, effective from 01.01.2021, notified the DGFT under Ministry of Commerce to replace the existing (MEIS Scheme). The scheme will ensure that the exporters get the refund on the embedded taxes and duties previously non-recoverable.
The RoDTEP Scheme rebates the incidence of duties, taxes, levies at the Central/State/local levels on the specified export goods , where such dutyor tax or levy is not exempted, remitted or credited under any other scheme. The remission under RoDTEP is as a percentage of the Free on Board (FOB) value of eligible export product alongwith value caps for certain HS codes or is at specific value detailed under Appendix 4R of the FTP.
The duty credit scrips are issued in the form E-scrip ie., electronically generated scrip for the export of eligible export as detailed in FTP.
E- scrips shall be freely transferable. The period of validity of the e-scrip shall not change on account of transfer of the e-scrip. However, , duty credit available in an e-scrip shall be transferred at a time for the entire amount available in the e-scrip to another person and transfer of the duty credit in part shall not be permitted.
E-scrips shall be used for payment of duties of customs specified in the First schedule to the Customs Tariff Act, 1975 i.e, Basic Customs Duty only on imports made through customs automated system.