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Context: Benefit of Remission of Duties and Taxes on Exported Products (RoDTEP) scheme will be extended to all export goods.
The Scheme will enclose all sectors (including textiles), with priority given to labour-intensive sectors which are enjoying benefits under MEIS Scheme at 2%, 3% or 5% of the export value from 1 January 2021
Detail |
MEIS |
RoDTEP |
Schema of Incentive |
Additional Incentive on Exports of goods apart from other refunds and drawbacks available on undertaking the said exports. |
Refund of Indirect taxes on Inputs used in the manufacture of exported product which is not being currently reimbursed by any other existing schemes. |
WTO Compliance |
Non-Compliant with WTO trade norms |
Compliant with WTO trade norms |
Incentive Percentage |
2% to 5% of FOB value of Exports. |
Product-based % – Expected to be lesser than the existing MEIS Incentive scheme [To be notified later] |
Mode of Issuance |
Issuance in the form of transferable scrips (Hard copy/ downloadable) |
Issuance in the form of transferable duty credit/ electronic scrip which will be maintained in electronic ledger. |
Pros and cons of RoDTEP over MEIS
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