Quick Summary
In continuation of press release, dated the 31st December, 2020, regarding implementation of Remission of Duties and Taxes on Exported Products (RoDTEP) from the 1st January, 2021, it is further stated that the following shall be notified/made public shortly:
- The details of export goods (tariff lines) eligible for RoDTEP scheme
- The applicable RoDTEP rate, value caps (wherever applicable) on such eligible goods/tariff lines
- The excluded category of exports
- Other conditions and restrictions
- The procedural details for grant of RoDTEP duty credit, and utilisation thereof.
The benefit of RoDTEP would be available subject to the conditions, restriction, exclusions, ineligibility and fulfilment of the procedural requirements as notified. On exports, eligible for RoDTEP, as per the Scheme details, the RoDTEP benefit shall be available from 1st January, 2021, even if the rates and other details are prescribed later, within next few days.
FAQ :
The RoDTEP Scheme was implemented from 1st January 2021.
RoDTEP stands for Remission of Duties and Taxes on Exported Products.
The details of eligible export goods, applicable rates, value caps, exclusions, and procedural requirements will be notified/made public shortly.
Yes, the RoDTEP benefit shall be available from 1st January 2021, even if the rates and other details are prescribed later.
Yes, the benefit is available subject to the conditions, restrictions, exclusions, ineligibility, and fulfilment of procedural requirements as notified.
CAclubindia
