CBIC issued Circular regarding amendments to Scheme for RoDTEP

CBIC issued Circular regarding amendments to Scheme for RoDTEP The Central Board of Indirect Taxes and Custom(CBIC) has issued Circular regarding the amendments to Scheme for Remission of Duties and Taxes on Exported Products (“RoDTEP”). The undersigned is directed to say that the RoDTEP scheme notification No. 76/2021-Customs (N.T.) dated 23.09.2021 has been amended vide notification No. 75/2022 - Customs (N.T.) dated 14.09.2022 whereby the para 4(2), para 5(5) and the words “or the transferee” in para 6 of the principal notification have been deleted. The effect of these amendments is the deletion of certain conditions related to transferee-holder of the scrip. Further, the Electronic Duty Credit Ledger Regulations, 2021 issued vide notification No. 75/2021-Customs (N.T.) dated 23.09.2021 have been amended vide notification No. 79/2022 - Customs (N.T.) dated 15.09.2022. In Regulations 6(2) and 7(3) of the principal regulations, the words “two years” have been substituted for the words “one year”. The effect of these amendments is that the validity period of scrips is increased from one year to two years from the date of their generation. It is requested to issue suitable public notice and standing order in this regard. For Official Notification Download PDF Given Below: