Due Date for Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) Extended

The Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) support, which was notified until September 30, 2023, has now been extended until June 30, 2024 at the same rates to existing export items.

This will help our exporting community to negotiate export contracts in the present international environment on better terms. The Scheme is WTO compatible and is being implemented in an end-to-end IT environment.

In another development, the RoDTEP Committee has been reconstituted in the Department of Revenue in accordance with the Scheme framework to review and recommend the ceiling rates under the RoDTEP Scheme for various export sectors. The Committee met with the Export Promotion Councils (EPCs)/Chamber of Commerce today at Vanijya Bhawan in New Delhi to discuss the methodology and other issues related to the Scheme and its implementation.

The EPCs in their observations emphasized the need for enhancing the RoDTEP budget allocation and for higher rates to be made available to all export items to help them secure greater market access abroad.

The RoDTEP Scheme was introduced by the Government as a duty remission scheme on exports and is being implemented from 1st January 2021.

The Scheme establishes a mechanism for reimbursing taxes, duties, and levies that are currently not refunded under any other mechanism at the federal, state, and local levels, but are incurred by export entities during the manufacturing and distribution of exported goods.

The Scheme creates a mechanism for reimbursing taxes, duties, and levies that are not currently refunded by any other mechanism at the federal, state, and local levels, but are incurred by export entities during the manufacturing and distribution of exported goods.