The Ministry of Commerce and Industry issued the advisory to mention the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme in the remark column of Shipping Bill.
The Department of Commerce has issued an Advisory to all SEZ Units regarding the RoDTEP scheme.
As per this Advisory, SEZ Units filing Shipping Bills under RoDTEP Scheme should mention the in the remarks column of the Shipping Bill, “Shipping Bill filed under RoDTEP Scheme if applicable to SEZ Units and subject to such conditions as prescribed including the product coverage”.
The Government in the advisory said that the goods covered under such Shipping Bills shall be examined by the Customs Officials, on the pattern of MEIS, so that in case exports from SEZ Units are covered under the RoDTEP Scheme, such exports may be considered under the RoDTEP Scheme. Therefore, the advisory directed the SEZ Units under MEPZ SEZ, who would like to file Shipping Bills under the RODTEP Scheme, may do so as per the above Advisory issued by the Department of Commerce.
The RoDTEP scheme would refund to exporters the embedded duties/taxes that were so far not being rebated or refunded. For example, VAT on fuel used in transportation, Mandi tax, Duty on electricity used during manufacturing, etc. These would be covered for reimbursement under the RoDTEP Scheme. The rebate would be claimed as a percentage of the Freight on Board (FOB) value of exports.
The proposed Remission of Duties and Taxes on Exported Products (RoDTEP) scheme seems to be stuck in an inter-ministerial tangle. According to reports, the scheme benefits may not be available for certain export sectors and some of these sectors could be petroleum & petro products, gold, precious metals, etc as the government is working on skewed funds.