Remission of Duties and Taxes on Exported Products (RoDTEP) issues FOB based transferable e scrip rebates for eligible exports. RoDTEP refunds currently un refunded indirect duties, taxes and levies borne on exported products and on their distribution, subject to ceilings and rates set by a Department of Revenue committee and an annual budget fixed by the Ministry of Finance. Rebates are generally a notified percentage of FOB (with per unit caps or fixed quantum where specified) and are issued as transferable electronic duty credit scrips maintained in a CBIC ledger. Eligibility, a list of exclusions, foreign exchange realisation rules, IT enabled application procedures, RMS based audit sampling, recovery, suspension and penalty mechanisms, and an inter ministerial policy committee are prescribed; detailed itemwise rates and caps are in Appendix 4R.
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Remission of Duties and Taxes on Exported Products (RoDTEP) issues FOB based transferable e scrip rebates for eligible exports.
RoDTEP refunds currently un refunded indirect duties, taxes and levies borne on exported products and on their distribution, subject to ceilings and rates set by a Department of Revenue committee and an annual budget fixed by the Ministry of Finance. Rebates are generally a notified percentage of FOB (with per unit caps or fixed quantum where specified) and are issued as transferable electronic duty credit scrips maintained in a CBIC ledger. Eligibility, a list of exclusions, foreign exchange realisation rules, IT enabled application procedures, RMS based audit sampling, recovery, suspension and penalty mechanisms, and an inter ministerial policy committee are prescribed; detailed itemwise rates and caps are in Appendix 4R.
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