{"id":23782,"date":"2021-10-04T08:27:11","date_gmt":"2021-10-04T08:27:11","guid":{"rendered":"https:\/\/www.legalraasta.com\/blog\/?p=23782"},"modified":"2021-10-04T08:27:11","modified_gmt":"2021-10-04T08:27:11","slug":"rodtep-scheme","status":"publish","type":"post","link":"https:\/\/www.legalraasta.com\/blog\/rodtep-scheme\/","title":{"rendered":"RODTEP SCHEME"},"content":{"rendered":"\r\n<p>RoDTEP represents the Remission of Duties and Taxes on Export Products. It is another scheme that is relevant with impact from January first, 2021, framed to supplant the current MEIS (Merchandise Exports from India Scheme). The RoDTEP scheme will guarantee that the exporters get discounts on the installed assessments and obligations already non-recoverable. The scheme was achieved with the expectation to support trades that were somewhat poor in volume beforehand.<\/p>\r\n\r\n\r\n\r\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.legalraasta.com\/blog\/rodtep-scheme\/#Need_for_the_RoDTEP_Scheme\" title=\"Need for the RoDTEP Scheme\">Need for the RoDTEP Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.legalraasta.com\/blog\/rodtep-scheme\/#Features_of_the_RoDTEP_Scheme\" title=\"Features of the RoDTEP Scheme\">Features of the RoDTEP Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.legalraasta.com\/blog\/rodtep-scheme\/#Eligibility_to_obtain_benefits_of_the_RoDTEP_Scheme\" title=\"Eligibility to obtain benefits of the RoDTEP Scheme\">Eligibility to obtain benefits of the RoDTEP Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.legalraasta.com\/blog\/rodtep-scheme\/#Availing_benefits_under_RoDTEP_Scheme\" title=\"Availing benefits under RoDTEP Scheme\">Availing benefits under RoDTEP Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.legalraasta.com\/blog\/rodtep-scheme\/#MEIS_vs_RoDTEP\" title=\"MEIS vs RoDTEP\">MEIS vs RoDTEP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.legalraasta.com\/blog\/rodtep-scheme\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Need_for_the_RoDTEP_Scheme\"><\/span><strong>Need for the RoDTEP Scheme<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>The US had tested India&#8217;s key fare appropriation schemes in the WTO (World Trade Organization), guaranteeing them to hurt the American specialists. A debate board in the WTO controlled against India, expressing that the fair sponsorship programs that were given by the Government of India abused the arrangements of the exchange body&#8217;s standards. The board additionally suggested that the fare sponsorship programs be removed. This prompted the introduction of the RoDTEP Scheme, to guarantee that India stays WTO-consistent.<\/p>\r\n\r\n\r\n\r\n<p>Coming up next where a portion of the fare endowment programs prescribed to be removed:-<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Merchandise Exports from India Scheme<\/li>\r\n<li>Export Oriented Units Scheme<\/li>\r\n<li>Electronics Hardware Technology Parks Scheme<\/li>\r\n<li>Bio-Technology Parks Scheme<\/li>\r\n<li>Export Promotion Capital Goods Scheme<\/li>\r\n<li>Special Economic Zones (SEZ) Scheme<\/li>\r\n<li>Duty-Free Imports for Exporters Scheme<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Features_of_the_RoDTEP_Scheme\"><\/span><strong>Features of the RoDTEP Scheme<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p><strong>Refund of the previously non-refundable duties and taxes<\/strong><\/p>\r\n\r\n\r\n\r\n<p>Mandi charge, VAT, Coal cess, Central Excise obligation on fuel, and so on will presently be discounted under this specific scheme. Every one of the things under the MEIS and the RoSTCL (Rebate of State and Central Taxes and Levies) are presently under the domain of the RoDTEP Scheme.<\/p>\r\n\r\n\r\n\r\n<p><strong>The automated system of credit<\/strong><\/p>\r\n\r\n\r\n\r\n<p>The discount will be given as adaptable electronic scrips. These obligation credits will be kept up with and followed through an electronic record.<\/p>\r\n\r\n\r\n\r\n<p><strong>Quick verification through digitization<\/strong><\/p>\r\n\r\n\r\n\r\n<p>Through the presentation of the advanced stage, the freedom occurs at a lot quicker rate. Confirmation of the records of the exporters will be finished with the assistance of an IT-based danger the board framework to guarantee speed and exactness of exchange handling.<\/p>\r\n\r\n\r\n\r\n<p><strong>Multi-sector scheme<\/strong><\/p>\r\n\r\n\r\n\r\n<p>Under RoDTEP, all areas, including the materials area, are covered, to guarantee consistency across all spaces. Also, a devoted advisory group will be set up to choose in regards to the arrangement of presentation of the scheme across the different areas, what level of advantage is to be reached out to every area, and such related issue.<\/p>\r\n\r\n\r\n\r\n<blockquote>\r\n<p><strong>You should also read this: <a href=\"https:\/\/www.legalraasta.com\/blog\/foreign-exchange-management-act-fema\/\">Foreign Exchange Management Act \u2013 FEMA<\/a><\/strong><\/p>\r\n<\/blockquote>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligibility_to_obtain_benefits_of_the_RoDTEP_Scheme\"><\/span><strong>Eligibility to obtain benefits of the RoDTEP Scheme<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>All areas, including the materials area, may partake in the advantages of the RoDTEP Scheme. Work serious areas that appreciate benefits under the MEIS Scheme will be given a need.<\/li>\r\n<li>Manufacturer exporters and vendor exporters (merchants) are both qualified for the advantages of this scheme.<\/li>\r\n<li>There is no specific turnover edge to guarantee the RoDTEP.<\/li>\r\n<li>Re-traded items are not qualified under this scheme.<\/li>\r\n<li>To be qualified to profit from the advantages of this scheme, the traded items need to have the nation of beginning as India.<\/li>\r\n<li>Special Economic Zone Units and Export Oriented Units are likewise qualified to guarantee the advantages under this scheme.<\/li>\r\n<li>Where products have been traded by means of dispatch through online business stages, the RoDTEP scheme applies to them also.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Availing_benefits_under_RoDTEP_Scheme\"><\/span><strong>Availing benefits under RoDTEP Scheme<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>The ICEGATE entry (Indian Customs Electronic Gateway) will contain insights about the credits benefited by the exporter. At the port, the exporter should demonstrate in the transportation charge the insights about the case of the RoDTEP advantage with respect to a specific thing of fare and create a credit scrip for it. These credit scrips are then used to pay essential traditional obligations, guarantee refunds, or can be moved to different shippers, by and large.<\/p>\r\n\r\n\r\n\r\n<p><strong>The cycle for the age and asserting of scrips under the RoDTEP scheme is as per the following-<\/strong><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>The exporter should make an assertion of the case for RoDTEP in the transportation bill.<\/li>\r\n<li>Once the Export General Manifest (EGM) is documented, the case will be handled by the Customs.<\/li>\r\n<li>After handling the case, a look with all singular Shipping Bills for the permissible sum will be created and accessible in the client&#8217;s account at ICEGATE gateway.<\/li>\r\n<li>The exporter should sign in to the ICEGATE entryway and make a RoDTEP credit record account.<\/li>\r\n<li>After the RoDTEP credit record account is made, the exporters can sign in to their records and create scrips by choosing the important transportation bills.<\/li>\r\n<li>Once, the scrips are produced, the discount will be credited and reflected in the exporter&#8217;s record account and will be accessible for use in an installment of the qualified obligations and during imports or for a move to some other shippers.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>As of now, the pace of obligation of abatement for the items under the RoDTEP scheme isn&#8217;t yet advised by the Government of India.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MEIS_vs_RoDTEP\"><\/span><strong>MEIS vs RoDTEP<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\">\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td>MEIS<\/td>\r\n<td>RoDTEP<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>1. Impetuses accessible on the fare of products<\/td>\r\n<td>1. Discount of obligations and charges that are presently not being repaid by some other schemes.<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>2. Not consistent with the WTO standards.<\/td>\r\n<td>2. Consistent with the WTO standards.<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>3. 2%-5% of the FOB (Free On Board) worth of fares.<\/td>\r\n<td>3. Item-based % is yet to be informed<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>4. Given as actually adaptable scrips.<\/td>\r\n<td>4. Given as adaptable obligation credit or electronic scrips which will be kept up with through an electronic record.<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>The RODTEP SCHEME is part of the trade reform that needs to be implemented in order to increase exports before 2020. Currently, RODTEP has been announced but it will take some time before it can have any effect on the country&#8217;s exports economy.<\/p>\r\n<blockquote>\r\n<p><strong>Related Blogs:<\/strong><\/p>\r\n<p><a href=\"https:\/\/www.legalraasta.com\/blog\/dpt-3-return\/\">DPT \u2013 3 Return<\/a><br \/><a href=\"https:\/\/www.legalraasta.com\/blog\/section-119-income-tax-act\/\">SECTION 119 OF INCOME TAX ACT<\/a><\/p>\r\n<\/blockquote>\r\n","protected":false},"excerpt":{"rendered":"<p>RoDTEP represents the Remission of Duties and Taxes on Export Products. It is another scheme that is relevant with impact from January first, 2021, framed to supplant the current MEIS (Merchandise Exports from India Scheme). The RoDTEP scheme will guarantee that the exporters get discounts on the installed assessments and obligations already non-recoverable. The scheme was [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":23845,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3605],"tags":[4427,4428,4429,4426,4425],"class_list":["post-23782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-benefits-of-the-rodtep-scheme","tag-benefits-under-rodtep-scheme","tag-meis-vs-rodtep","tag-need-for-the-rodtep-scheme","tag-rodtep-scheme"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>THE RODTEP SCHEME | Need for the RoDTEP Scheme<\/title>\n<meta name=\"description\" content=\"RoDTEP scheme represents the Remission of Duties and Taxes on Export Products. 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