RoDTEP
Remission of Duties and Taxes on Exported Products (RoDTEP) is an Indian government scheme designed to enhance the competitiveness of Indian exports. The scheme provides a rebate on the taxes and duties incurred on goods exported from India, which are not refunded under other schemes like GST.
Key features of RoDTEP include:
- Rebate on Duties: It covers various duties and taxes such as central excise duty, VAT, and GST that are not eligible for input tax credits or refunds.
- Export Competitiveness: By reducing the cost burden on exporters, it aims to make Indian products more competitive in the global market.
- Eligibility: Exporters of goods are eligible if they comply with the scheme’s conditions and file the necessary claims.
The scheme is intended to simplify the process and support the growth of the export sector by ensuring a more favorable tax environment.
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