TMI BlogScheme Guidelines for Remission of Duties and Taxes on Exported Products (RoDTEP)X X X X Extracts X X X X X X X X Extracts X X X X ..... t hereby makes the following amendments in the Foreign Trade Policy 2015-20 with immediate effect: 2. A sub-para (e) is inserted in para 4.01 of the Foreign Trade Policy 2015-20 as below: (e) Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) notified by Department of Commerce and administered by Department of Revenue. 3. The following is also added in the chapter 4 of the Foreign Trade Policy 2015-20: SCHEME FOR REMISSION OF DUTIES AND TAXES ON EXPORTED PRODUCTS (RoDTEP) 4.54 Scheme Objective and Operating Principles i. The Scheme s objective is to refund, currently un-refunded: a. Duties/taxes/levies, at the Central, State and local level, borne on the exported product, includin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... item/total overall benefit amount permissible, within the overall budget/ outlay finalized, will be decided and notified by the Department of Commerce (DoC) in consultation with Department of Revenue. vii. Under the Scheme, a rebate would be granted to eligible exporters at a notified rate as a percentage of FOB value with a value cap per unit of the exported product, wherever required, on export of items which are categorized under the notified 8 digit HS Code. However, for certain export items, a fixed quantum of rebate amount per unit may also be notified. Rates of rebate/value cap per unit under RoDTEP will be notified in Appendix 4 R. In addition to necessary changes which may be brought in view of budget control measures as mentio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... change is not realized, suspension/withholding of RoDTEP in case of frauds and misuse, as well as imposition of penalty will also be built suitably by CBIC. x. The Scheme will take effect for exports from 1st January, 2021. However for exports made by categories under Para 4.55 (x), (xi) and (xii), the implementation date will be decided later as per provisions of Para 4.55B 4.55 Ineligible Supplies/ Items/Categories under the Scheme : The following categories of exports/ exporters shall not be eligible for rebate under RoDTEP Scheme: i. Export of imported goods covered under paragraph 2.46 of FTP ii. Exports through trans-shipment, meaning thereby exports that are originating in third country but trans-shipped through India ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exclusion under the scope of RoDTEP, at a later date. 4.55 B Inclusion of exports made by categories mentioned in para 4.55 (x), (xi) and (xii) above and RoDTEP rates for export items under such categories would be decided based on the recommendations of the RoDTEP Committee. 4.56 Nature of Rebate: The e-scrips would be used only for payment of duty of Customs leviable under the First Schedule to the Customs Tariff Act, 1975 viz. Basic Customs Duty. 4.57 Monitoring, Audit and Risk Management System: For the purposes of audit and verification, the exporter would be required to keep records substantiating claims made under the Scheme. A monitoring and audit mechanism with an IT based Risk Management System (RMS) would be p ..... X X X X Extracts X X X X X X X X Extracts X X X X
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