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
The scheme does not include all exports. Products exported from SEZs, EOUs, Electronic Hardware Technology Parks, Biotechnology Parks and Customs bonded warehouses; exports under Advance Authorisation (which allows duty-free imports of inputs for export production); re-exported imported goods are excluded.
Interim Budget: The Rebate of State and Central Taxes and Levies (RoSCTL) scheme is aimed at compensating for the state and central taxes and levies in addition to the rebate provided under duty drawback scheme on export of apparel/garments and made-ups.
The commerce and industry ministry is drawing up a roadmap to work on the kind of documentation that needs to be maintained by Indian exporters to deal with anti-subsidy levies such as countervailing duty cases conducted by various countries on domestic products.
The commerce and industry ministry is drawing up a roadmap to work on the kind of documentation that needs to be maintained by Indian exporters to deal with anti-subsidy levies such as countervailing duty cases conducted by various countries on domestic products.