TaxTMI 
TaxTMI 
TaxTMI 
Regarding the manner of issue of duty credit for goods exported under the RoDTEP Scheme under Foreign Trade Policy, 2023
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.... specified herein, in accordance with paragraph 4.01(d) of the Foreign Trade Policy. 2. Such duty credit shall be subject to the following conditions, namely:- (1) that the duty credit is issued - (a) in lieu of remission of any duty or tax or levy, chargeable on any material used in the manufacture or processing of goods or for carrying out any operation on such goods in India that are exported, where such duty or tax or levy is not exempted, remitted or credited under any other Scheme; 1[(b) against export of goods notified in Appendix 4R of the Foreign Trade Policy or against export of goods under Advance Authorisation (except Deemed Exports) as notified in Appendix 4RE of the Foreign Trade Policy or export of goods manufactured b....
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....any rules or regulations made in relation to duty credit, e-scrip or electronic duty credit ledger; (2) that such duty credit shall be used for payment of the duty of customs leviable under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) on goods when imported into India; (3) that the export categories or sectors listed in Table annexed hereto shall not be eligible for duty credit under the Scheme; (4) that the duty credit allowed under the Scheme against export of goods 2[notified in the said Appendix 4R or Appendix 4RE, as applicable] shall be subject to realisation of sale proceeds in respect of such goods in India within the period allowed under the Foreign Exchange Management Act, 1999 (42 of 1999), failing which ....
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....llowed only upon realisation of sale proceeds against irrevocable letters of credit in freely convertible currency established by importers in Nepal, Bhutan and Myanmar in favour of Indian exporters for the value of such goods. 3. Cancellation of duty credit. - (1) Where a person contravenes any of the provisions of the Act or any other law for the time being in force or the rules or regulations made thereunder in relation to exports to which the duty credit relates, or in relation to the e-scrip, the Principal Commissioner of Customs or Commissioner of Customs having jurisdiction over the customs station of registration of the e-scrip may, after enquiry, pass an order to cancel the said duty credit or e-scrip. (2) Where the e-scrip is so....
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....Exchange Management Act, 1999 (42 of 1999), the exporter shall, himself or on demand by the proper officer, repay the amount of duty credit, along with interest, at the rate as fixed under section 28AA of the said Act for the purposes of that section, within fifteen days of expiry of the said period. (2) In case any extension of the said period for realisation of sale proceeds has been given by the Reserve Bank of India and the exporter produces evidence of such extension to the proper officer, and if the said sale proceeds are not realised in such extended period, the exporter shall repay the said amount of duty credit along with the said interest, within fifteen days of expiry of the said period. (3) If a part of the sale proceeds has b....
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.... relating to a person who is the recipient of duty credit or to person to whom the duty credit is transferred; (d) "E-scrip" means the scrip, created in the ledger for duty credit, as mentioned in Explanation 1 of section 28AAA of the said Act; (e) "Export manifest" or "export report" means the reference to the terms used in Section 41 of the said Act; (f) "Foreign Trade Policy" means the Foreign Trade Policy, 2023, published by the Government of India in the Ministry of Commerce and Industry, vide notification No. 01/2023, dated the 31st March, 2023; (g) "Proper officer" means Deputy Commissioner or Assistant Commissioner of Customs. TABLE Sl. No. Export categories or sectors ineligible for duty credit (1) (2) 1. Goods which....
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....rovided that the value of the said goods for calculation of duty credit to be allowed under the Scheme shall be the declared export FOB value of the said goods or up to 1.5 times the market price of the said goods, whichever is less;" 2. Substituted vide NOTIFICATION NO. 20/2024 -Customs (N.T.) dated 11-03-2024 before it was read as, "notified in the Appendix" 3. Omitted vide NOTIFICATION NO. 20/2024 -Customs (N.T.) dated 11-03-2024 before it was read as, "6. Goods manufactured or exported by any of the units situated in Special Economic Zone/ Free Trade Warehousing Zone/Electronic Hardware Technology park/Bio-Technology park/ Export Processing Zone" 3A. Omitted vide NOTIFICATION NO. 20/2024 -Customs (N.T.) dated 11-03-20....