Get a refund of non refundable taxes and duties?
RoDTEP Scheme
A new scheme launched which is applicable from January, 2021, which is to replace the previously existing MEIS Scheme. Exporters are to benefit of such refund of embedded tax and duties which were non-refundable previously.
Eligibility criteria:
1. All sectors shall be eligible to claim benefits under the RoDTEP Scheme. Labour-intensive sectors will be given a priority.
2. Manufacturer exporters and merchant exporters (traders) are both eligible for the benefits of this scheme.
3. There is no turnover threshold to claim the benefits under the scheme.
4. Re-exported products are not eligible under this scheme.
5. The exported products need to have the country of origin as India.
6. Special Economic Zone Units and Export Oriented Units are also eligible to claim the benefits under this scheme.
7. The scheme also applies to exported via courier through e-commerce platforms.
Rate of duty remission
The rate of duty of remission for the products under RoDTEP for a few sectors are at 0.5%, 1.4%, 2.4%, 4%, whereas the government is yet to notify a fixed amount of rebate per unit of the product that is exported.