Compfie | Scheme guidelines for remission of duties and taxes on exported products (RoDTEP) (dated – 17.08.2021)

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Scheme guidelines for remission of duties and taxes on exported products (RoDTEP) (dated – 17.08.2021) – Ministry of Commerce and Industry

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade Policy 2015-20, the Central Government hereby makes the following amendments in the Foreign Trade Policy 2015-20 with immediate effect:
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.
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).
54 Scheme Objective and Operating Principles.
55 Ineligible Supplies/Items/Categories under the Scheme.
56 Nature of Rebate.
57 Monitoring, Audit and Risk Management System.
58 Residual Issues.
Effect of this Notification: Scheme guidelines and rates for the new Scheme for Remission of Duties and Taxes and Exported Products have been notified.