CBIC notifies the manner to issue duty credit for goods exported under the Scheme for RoDTEP

Last updated: 27 September 2021

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The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification outlining the procedure for issuing duty credit under the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme. This notification specifies the conditions under which exporters can claim duty credit for goods exported from January 1, 2021, onwards. It also details the process for using this credit for customs duties on imports and outlines circumstances under which duty credit may be cancelled or recovered.

GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 23rd September, 2021 Notifications No. 76/2021- Customs (N.T.) G.S.R. 655(E). -In exercise of the powers conferred by sub-section (1) of section 51B of the Customs Act, 1962 (52 of 1962) (hereinafter referred to as the said Act), the Central Government, hereby notifies the manner to issue duty credit for goods exported under the Scheme for Remission of Duties and Taxes on Exported Products (hereinafter refe

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FAQ :

The RoDTEP Scheme, or the Scheme for Remission of Duties and Taxes on Exported Products, allows exporters to receive duty credit for eligible goods exported from India.

Exporters can claim duty credit for goods exported on or after January 1, 2021, provided the order permitting clearance and loading of goods for exportation has been made.

The duty credit is calculated based on the declared export FOB value or up to 1.5 times the market price of the goods, whichever is less, for goods notified in Appendix 4R of the Foreign Trade Policy.

The duty credit can be used to pay customs duties on goods imported into India. It is also subject to conditions such as the realization of sale proceeds and the goods being exported through designated customs points.

Duty credit can be cancelled if an exporter contravenes any provisions of the Customs Act or related rules and regulations concerning the exports or e-scrip.

If sale proceeds for exported goods are not realised within the stipulated period, the exporter must repay the duty credit amount along with interest. Failure to do so will result in recovery proceedings.

Notification No : 76/2021- Customs (N.T.)
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-nt2021/csnt76-2021.pdf

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