In response to industry feedback, the Directorate General of Foreign Trade (DGFT) has prolonged the RoDTEP data submission deadline to December 15, 2023. Learn about the RoDTEP scheme, its objectives, and the extension’s significance in promoting transparent trade practices.

DGFT Grants Extension for RoDTEP Data Submission

The Directorate General of Foreign Trade (DGFT) has responded to industry and trade feedback by extending the deadline for RoDTEP (Remission of Duties or Taxes on Export Products) data submission. The new deadline is December 15, 2023.

Understanding RoDTEP Scheme

RoDTEP, introduced through an amendment in the Foreign Trade Policy 2015-20 (DGFT Notification No. 19/2015-20 dated 17.08.2021), aims to neutralize taxes and duties on exported goods. Effective from January 1, 2021, the scheme focuses on compensating for taxes and duties embedded in export goods, which are not credited, remitted, or refunded otherwise.

Scope and Objectives of RoDTEP

The RoDTEP scheme provides rebates on hidden Central, State, and Local duties, taxes, and levies related to exported goods. This includes both direct costs and prior-stage cumulative indirect taxes on goods. The scheme’s goal is to compensate for duties, taxes, and levies at various levels, ensuring a fair refund mechanism.

Illustrative Taxes Covered by RoDTEP

Under RoDTEP, illustrative taxes encompass VAT and Excise duty on fuel used in transportation, electricity duty on purchased electricity, Mandi Tax, Municipal Taxes, Property Taxes, and Stamp duty on export documents.

Refund Objectives Under RoDTEP

The RoDTEP scheme aims to refund un-refunded duties, taxes, and levies at the Central, State, and local levels on the exported product. This includes prior-stage cumulative indirect taxes on goods and services used in production and distribution. The rebate, however, is not applicable to duties and taxes already exempted, remitted, or credited.

Significance of the Deadline Extension

The extension of the RoDTEP data submission deadline holds significance for businesses involved in export. It allows stakeholders more time to ensure accurate and comprehensive data submission, aligning with the scheme’s objectives.

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