RODTEP
What is RODTEP
The Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP), has been operationalized for exports from 01.01.2021. The Scheme provides a mechanism for re-imbursement of taxes/ duties/ levies, which are currently not being refunded under any other mechanism, at the central, state and local level, but which are incurred in the process of manufacture and distribution of exported products, to the exporting industries in India. Exporters of eligible items under the Scheme are being issued e-scrips as refund. The e-scrips are transferable and are used for payment of basic customs duty.
Definition
RoDTEP is a government scheme launched to reimburse all embedded central, state, and local duties/taxes incurred during the manufacturing and distribution of exported products, which are not already refunded through other schemes. The aim is to make Indian exports tax-neutral and globally competitive. Exporters receive the benefits in the form of duty credit scrips, which are transferable and usable for payment of basic customs duty..
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