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The Remission of Duties and Taxes on Exported Products (‘RoDTEP’) scheme had been introduced w.e.f. 01 January 2021. However, the scheme had been a pandora’s box of difficulties and uncertainties, especially as the rates under the scheme had not been notified. In order to close such pandora’s box, the Ministry of Commerce and Industry vide Notification No. 19/2015-2020 dated 17 August 2021 has issued guidelines to the RoDTEP Scheme and the applicable rates thereof. A summary of the notification is provided hereunder:
As for the quantum under the RoDTEP Scheme, beneficial rate ranging from 0.01% to 4.3% has been notified for varying products. Notably, the highest rate of 4.3% has been notified for exports of woven fabrics of cotton. On the contrary, Chapters 61, 62 and 63 which inter alia cover articles of apparel, are kept outside the purview of the RoDTEP Scheme. Similarly, the benefit of the Scheme has also not been extended to chemicals classifiable under Chapters 24-30.
As for railway products classifiable under Chapter 8607, RoDTEP rate of 1.8% has been notified. However, for automobiles classifiable under Chapter 8708, a substantially lower rate of 0.5% to 1% has been notified. A detailed list of the rates under the RoDTEP Scheme has been attached to this e-mail update.
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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