The exporters can get the refund of embedded central, state and local duties or taxes that were not getting refunded under any of the existing schemes under the RoDTEP Scheme. It is expected that the scheme will significantly impact India’s competitiveness in the international market in next 5 to 10 years and would work on the principle that taxes/duties should not be exported, It should either be exempted or remitted to exporters. Implementation of RoDTEP will be done by the customs.
Overview of Remission of Duties and Taxes on Exported Products Scheme
|Name||Remission of Duties and Taxes on Exported Products Scheme|
|Also known as||RoDTEP|
|Replaced||Merchandise Exports from India Scheme (MEIS)|
|Launch year||1 January 2020|
|Launched by||Government of India|
|Nodal Ministry||Commerce Ministry of India|
|Sector||Central sector scheme|
Objective and Benefits of Remission of Duties and Taxes on Exported Products Scheme
•To encourage exports in the country by reducing duties.
•To provide easy refunds of various taxes to the exporters.
•To provide an automatic refund route to avoid the cascading effect of taxes.
How to apply for Remission of Duties and Taxes on Exported Products Scheme