RoDTEP seeks to neutralise the cost impact of duties and taxes in the supply chain, not otherwise offset through duty drawbacks, tax credits/refunds, or similar mechanisms. By Krishna Barad, Abhishek SinghaniaRemissions of Duties and Taxes on Exported Products Scheme (RoDTEP) has been a much-awaited scheme notified by the Government of India after phasing out the
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Foreign Trade Policy (“FTP”) issued by the Ministry
of Commerce prescribes various incentives to the exporters to
ensure competitiveness of Indian exports in the international
markets. These incentives are operationalized through schemes such
as advance authorization, export promotion of capital goods
(“EPCG”), duty drawback, merchandise exports from India
scheme (“MEIS”), rebate of state and central levies and
taxes (“RoSCTL”), etc. These schemes aim at
neutralizing the duties and taxes suffered by the exporters on
their procurements to ensure that the tax costs do not form part of