To compensate the taxes/duties/ levies, at the central, state and local level, which are not being refunded under any other mechanism, the Government has announced Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme to all eligible exports of goods with effect from 1st January, 2021.
The exporter is required to declare on the electronic shipping bill that the export intends to avail benefit under RoDTEP scheme and an undertaking that it would abide by the provisions of the scheme.
After the export, the exporter is required to register at the ICEGATE platform to avail the benefit under the RoDTEP scheme. The refund would be credited in an exporter’s ledger account with Customs and used to pay Basic Customs duty on imported goods. The credits can also be transferred to other importers.
The duty credit scrip is subject to realisation of sale proceeds within the time period allowed by RBI.