Export Incentive Under Chapter 3

Remission of Duties & Taxes on Export Products (RoDTEP)

RoDTEP stands for Remission of Duties and Taxes on Export Products. It is a new scheme that is applicable with effect from January 1st, 2021, formed to replace the existing MEIS (Merchandise Exports from India Scheme). The scheme will ensure that the exporters receive the refunds on the embedded taxes and duties previously non-recoverable. The scheme was brought about with the intention to boost exports which were relatively poor in volume previously. 

Duty credit allowed under the RoDTEP scheme is subject to realization of sale proceeds within the period allowed by RBI. The Regulations, read with said Notifications, also provide for the situations and manner of suspension or cancellation of duty credit or e-scrip, or recovery when duty credit allowed was in excess or where export proceeds are not realised.

Om Exim Management can assist you for issuance / registration of Remission of Duties and Taxes on Export Products (RoDTEP) license.

Rebate of State & Central Taxes and Levies (RoSCTL)

The cabinet of India approved the RoSCTL Scheme to rebate all state and central taxes for garments and made-ups by replacing the previous scheme Rebate of State Levies, which provides only rebates of state taxes. The RoSCTL Scheme came into effect from 07/03/2019. 

As we know, the USA has filed a complaint against India at the World Trade Organization (WTO). The complaint is that the Indian government gives undue benefits to Indian Exporter under export subsidies like the MEIS scheme, and it is against the WTO rules. Therefore, the Rebate of State and Central Taxes and Levies (RoSCTL) Scheme is a new scheme introduced by the Ministry of Commerce. Currently, RoSCTL scheme is only valid for garments and made-ups (i.e., Chapter 61, 62 & 63). Further, this scheme would be extended to all sectors.

Om Exim Management can assist you for issuance / registration of Rebate of State & Central Taxes and Levies (RoSCTL) license.

Service Export from India Scheme (SEIS)

Under the framework of the SEIS Scheme, under implementation since 01.04.2015, service exporters for eligible service categories, re granted benefits in the nature of transferable Duty Credit Scrips as a percentage of Net Foreign Exchange earned on export of the eligible services in a financial year. The Duty Credit Scrips can be used Payment of Basic Customs Duty and certain other duties

The SEIS Scheme or Service Export from India Scheme is an incentive given by the Ministry of Commerce through the Directorate General of Foreign Trade (DGFT) to Service Exporters based in India. This reward scheme is to promote the export of services from India

SEIS Scheme was introduced on 1st April 2015 for 5 Years under the Foreign Trade Policy of India 2015-2020. Earlier, this Scheme was named as Served from India Scheme (SFIS Scheme) for Financial Year 2009-2014. There are following four modes to export services to foreign clients.

Om Exim Management can assist you for issuance / registration of Service Export from India Scheme (SEIS). 

Interest Equilisation Scheme (IES)

The Interest Equalization Scheme (IES) was first implemented on April 1, 2015, to provide pre and post-shipment export credit to exporters in rupees. An eligible exporter has to submit a certification of the external auditor to the concerned bank to claim this benefit.

Banks provide Interest Equalization Scheme benefits to the eligible exporters and claim a reimbursement from the Reserve Bank of India based on the external auditor certification furnished by the Exporter. The scheme helps the identified export sectors to be internationally competitive and to achieve a higher level of export performance. 

The applications to avail of the benefit of the Interest Equalization Scheme will need to be submitted directly to DGFT through the new Online Module with effect from 21.02.2022.

Om Exim Management can assist you for issuance / registration of Interest Equilisation Scheme.