About Remission of Duties and Taxes on Exported Products Scheme:
- It was introduced through an amendment to the Foreign Trade Policy 2015-20, and it became effective for exports starting January 1, 2021.
- It replaced the Merchandise Export Incentive Scheme (MEIS).
- Aim: The primary aim of this scheme is to offset the taxes and duties incurred on exported goods that wouldn’t otherwise be credited, reimbursed, or refunded in any way, and are integrated into the exported goods.
- It refunds embedded, un-rebated Central, State and local duties, taxes and levies borne on exported products — including prior-stage cumulative indirect taxes.
- Objective: It was enforced to repeal and reduce taxes on exported products, thereby encouraging exports and increasing the number of exports in the country.
- It is compliant with World Trade Organization (WTO) norms and is implemented via a comprehensive end-to-end digital platform to ensure transparency and efficiency.
- Nodal Ministry: The scheme is administered by the Department of Revenue, Ministry of Finance.
- Eligibility Criteria for RoDTEP Scheme:
- All sectors are covered under the scheme.
- Both manufacturer exporters and merchant exporters (traders) are eligible for the scheme.
- The exported products should have India as their country of origin to be eligible for benefits under the scheme.
- Special Economic Zone Units and Export Oriented Units are also eligible.
- The scheme also applies to goods that have been exported via courier through e-commerce platforms.
- Re-exported products are not eligible under this scheme.
