Gkseries.com

Remission of Duties and Taxes on Exported Products (RoDTEP) scheme guidelines

Remission of Duties and Taxes on Exported Products (RoDTEP) scheme guidelines

The Ministry of Commerce & Industry has notified the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme guidelines and rates in the range of 0.3-4.3 percent.

Daily Current Affairs Quiz 2021

The scheme for zero rating of exports will boost our exports & competitiveness in the global markets. The rates of RoDTEP will cover 8555 tariff lines.

Scheme’s objective is to refund, currently un-refunded:

It may be noted that rebate under the Scheme shall not be available in respect of duties and taxes already exempted or remitted or credited.

Scheme is to be implemented by Customs through a simplified IT System. Rebate will be issued in the form of a transferable duty credit/ electronic scrip (e-scrip) which will be maintained in an electronic ledger by the Central Board of Indirect Taxes & Customs (CBIC).

Exit mobile version