(THE GIST OF PIB) RoDTEP scheme

[December-2022]

RoDTEP scheme

• To address these issues, the government has introduced the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme with a view to give a boost to the country’s outbound shipments.
• This new scheme reimburses currently un-refunded Central, State, and Local taxes and duties incurred in the process of manufacture and distribution of exported products in a way that is compliant with the WTO norms. 
• It aims to provide a level playing field to domestic industry abroad. 
• Major components of taxes covered are electricity duty, value-added tax (VAT) on fuels used in transportation/ distribution, mandi tax, stamp duty, etc. 
• It may be noted that rebate under the Scheme shall not be available in respect of duties and taxes already exempted or remitted or credited.

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Courtesy: PIB