The Ministry of Finance has issued a Press Release dated 1st January, 2021 thereby informing that regarding implementation of Remission of Duties and Taxes on Exported Products (RoDTEP) from 1st January, 2021, the Ministry shall notify about the following shortly:
i. The details of export goods (tariff lines) eligible for RoDTEP scheme
ii. The applicable RoDTEP rate, value caps (wherever applicable) on such eligible goods/tariff lines
iii. The excluded category of exports
iv. Other conditions and restrictions
v. The procedural details for grant of RoDTEP duty credit, and utilisation thereof.
The benefit of RoDTEP scheme would be available subject to the conditions, restriction, exclusions, ineligibility and fulfilment of the procedural requirements as notified. On exports and eligibility, the RoDTEP benefit shall be available from 1st January, 2021, even if the rates and other details are prescribed later, within next few days.
A copy of the Press Release is attached for your kind information.
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