Eligibility for the RoDTEP Export Incentive Scheme

The Government of India has notified the Remission of Duties or Taxes on Export Products (RoDTEP) Scheme with an aim to provide relief to the export sector which was impacted by the Covid-19 pandemic. The scheme will provide export incentives to exporters in the form of a duty credit scrip for payment of taxes/duties. The scheme will be administered by the Directorate General of Foreign Trade (DGFT).

RoDTEP Scheme is a new export incentive scheme that has been introduced by the Indian government as a replacement for the existing Export Promotion Capital Goods (EPCG) Scheme and the Merchandise Exports from India Scheme (MEIS). Under the RoDTEP Scheme, eligible exporters will be able to claim a rebate on the taxes and duties paid on inputs used for the manufacture of goods or services that are exported. In order to be eligible for the scheme, exports must be made from India, and the goods or services must be classified under the Harmonized System of Nomenclature (HSN).

Under the RoDTEP scheme, the eligible export products will be classified under two broad categories:

  1. Those products are not currently covered under any existing export incentive scheme.
  2. Those products are already covered under any existing export incentive scheme but the benefit accruing to them is lesser than 2% of the Free on Board (FOB) value of exports.

Eligibility for the RoDTEP Incentive Scheme

In order to be eligible for the scheme, the exporter must be a registered company with the Registrar of Companies, and must have a current account with a bank which is maintained in India, the exporter must:

  1. Be a manufacturer or a service provider
  2. Export goods or services that are classified under the HSN
  3. Export from India
  4. Pay taxes and duties on inputs used for the manufacture or provision of the exported goods or services

The RoDTEP Scheme is open to all manufacturers and service providers who export from India. There is no minimum export requirement, and all exports made from India are eligible for the scheme. In case of any assistance with respect to RoDTEP Scheme or to avail Import Export Incentives, please feel free to contact the ASC Group.

Location: India

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