RoDTEP – Concept, Procedure and Key Issues
We have discussed various developments relating to Remission of Duties and Taxes on Exported Products (‘RoDTEP’) Scheme in past.
On eve of New Year 2021, the Government launched much-awaited export incentive scheme viz. RoDTEP Scheme. The Scheme has been made effective from January 1, 2021, even though operational framework and rates are yet to be notified. Also, Customs Automated System has been updated for implementation of this Scheme. With introduction of RoDTEP Scheme, Merchandise Export from India Scheme (‘MEIS’) stands discontinued.
The appended booklet intends to capture basic concept, procedure and key issues emanating due to implementation of the new Scheme.
Trust you find the above update useful. Please feel free to revert for any clarification.