Dear· Member(s), We would like to inform you that with our constant persuasion, the Government has now decided to implement the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) to all export goods with effect from 1st January, 2021(tomorrow). The RoDTEP rates would be notified shortly by the Department of Commerce, based on the recommendation of a Committee chaired by Dr. G.K. Pillai, former Commerce and Home Secretary. The notified rates, irrespective of the date of notification, shall apply with effect from 1st January, 2021 to all eligible exports of goods. The RoDTEP shall be allowed, subject to specified conditions and exclusions. Members are advised to declare their intention for exports under the RoDTEP, for each export item in the shipping bill or the bill of exports, in respect of exports being undertaken by them from 1st January, 2021. The refund would be credited in an exporter’s ledger account with Customs and used to pay Basic Customs duty on imported goods. The credits can also be transferred to other importers.
A copy of the Press Release issued by the Government is attached (click here to download). Wishing you a very happy, healthy and prosperous New Year 2021. With best regards,