Indian Exporters have been waiting for the last 8 months for the announcement of the benefits under the RoDTEP (Remission of Duties and Taxes on Exported Products) Scheme. Ministry of Commerce & Industry under the Department of Commerce has finally come out with the Scheme Guidelines by issuing Notification No. 19/2015-2020 dated 17th August 2021 providing for the contours of the Scheme. It has also provided for the rate of benefit applicable on various products presently 8555 tariff lines being exported from India.
The authors have prepared some FAQs based on the first-hand reading of the Scheme document. Please note that the views expressed in the FAQs are not the authoritative pronouncement by Ministry or any other regulatory body and are merely understanding of the authors presented in simpler form for ease of understanding. The answers to FAQs may undergo changes once other aspects under the Scheme are notified by the Ministry of Finance and Ministry of Commerce.
Source Taxscan
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