Cabinet approves scheme for “Remission of Duties and Taxes on Exported Products (RoDTEP)”

The Cabinet Committee on Economic Affairs on 13th March 2020 has given assent to Scheme for RoDTEP. The scheme seeks to create a mechanism for reimbursement of taxes/duties/levies, at the central, state and local level, which are currently not being refunded under any other mechanism, but which are incurred in the process of manufacture and distribution of exported products.

A monitoring and audit mechanism, with IT based Risk Management System will physically verify the records of exporters. The MEIS benefits will discontinue as and when the rates of items come under RoDTEP.

Authorities hope that it is a step towards “zero rating ” of exports with refunds such as Drawbacks and IGST. Its implementation is based on end to end digitization. This will also give boost to employment generation in various sectors.

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