Government Extends RoDTEP Benefits For Domestic Tariff Area Exports Until September 2025
The scheme provides for refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods and are not being reimbursed under any other mechanism at the centre, state, or local level.
Image for representation (Source: Freepik)
The government on Monday extended benefits under the Remission of Duties and Taxes on Exported Products scheme for exports made from domestic tariff area units for one year till Sept. 30, 2025.
The scheme for the RoDTEP provides for refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods and are not being reimbursed under any other mechanism at the centre, state, or local level.
It was launched in January 2021 and was there till Sept. 30.
The Directorate General of Foreign Trade said in a notification that for Advance Authorisation (AA) holders, Export Oriented Units (EOUs) and Special Economic Zones (SEZs), the scheme is extended till Dec. 31 this year.
"The RoDTEP scheme is being extended for exports made from DTA units till Sept. 30, 2025, and AA/EOU/SEZ units till Dec. 31, 2024," it said.
It added that the revised rates under the scheme are also notified for implementation with effect from Oct. 10 this year, once the ICEGATE portal gets updated with new rates.
ICEGATE registration is a pre-requisite for filing of all customs-related documents such as bill of entry, and shipping bills online.
In FY23, the scheme supported $450 billion worth of exports at the cost of Rs 13,020 crore. While in 2021-22, the scheme aided $421 billion in exports and cost Rs 12,100 crore.
The rate of tax refund under the scheme ranges from 0.5% to 4.3% of the value of the product.
