Centre extends RoDTEP scheme to benefit SEZ units
Under RoDTEP, various central and state duties, taxes, and levies imposed on input products, among others, are refunded to exporters
New Delhi: The commerce ministry has decided to extend export benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for companies in the special economic zones (SEZs) and export oriented units (EOUs). This decision was communicated to the Director General of Foreign Trade (DGFT) on February 16.
The DGFT may issue a formal notification soon amending the foreign trade policy on the same. “Post rolling out of ICEGATE (Indian Customs Electronic Data Interchange Gateway) in SEZs, the RoDTEP scheme may also be extended to SEZs,” according to an office memorandum of the commerce ministry. The government in August 2021, announced the rates of tax refunds under export promotion scheme -- RoDTEP, for 8,555 products such as marine goods, yarn and dairy items.
As SEZs and EOUs were kept out of the scheme in the list notified that time, the industry was demanding to include them in the scheme. Under RoDTEP, various central and state duties, taxes, and levies imposed on input products, among others, are refunded to exporters. The current RoDTEP rates are in the range of 0.3 per cent to 4.3 per cent. ICEGATE is the national portal of Indian Customs of Central Board of Indirect Taxes and Customs (CBIC) that provides e-filing services to the trade, cargo carriers and other trading partners electronically. It serves as an interface between trade users and the customs department and acts as a hub for exchanging information with external trading partners involved in international trading. The primary goal of RoDTEP is to refund taxes and duties that are not rebated under any other scheme.
