The scheme also aims at optimising the process of exports while enhancing competitiveness in the international market. Here are the different features of the RoDTEP Scheme:
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Reimbursement of Previously Non-Recoverable Duties and Taxes
The items enclosed in the MEIS and RoSTCL Scheme are now under the RoDTEP Scheme.
- Streamlined Credit Automation System
Transferable electronic scrips are issued for jamaica phone number list the refunds. These duty credits are tracked through a ledger.
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Efficient Digitisation for Swift Verification
The exporter’s records will be verified with the help of an IT-based risk management system to ensure the accuracy and speed of the processing of the transaction.
- Cross-Industry Scheme Coverage
They will also discuss what level of benefits will be provided for every sector and its related matters.
Eligibility for Accessing RoDTEP Scheme Benefits
To enjoy the benefits of the RoDTEP Scheme, you must fit the following criteria:
- Every sector inclusive of textiles will enjoy the advantages provided by the RoDTEP Scheme. Every sector inclusive of labor-incentive ones enjoys these benefits under the MEIS Scheme.
- Traders and manufacturer exporters will be eligible to avail the benefits of the RoDTEP Scheme.
- The RoDTEP Scheme will not have any specific turnover threshold to claim the benefits.
- The products must originate from this what tools can be used to ensure the marketing process is well managed? country to be eligible to obtain the benefits of this scheme.
- Those under the Special Economic Zones and the Export-Oriented Units are also eligible to claim the benefits of this scheme.
- The RoDTEP Scheme is also applicable to e-commerce businesses that ship goods via courier platforms.
Utilising Advantages Provided by the RoDTEP Scheme
The Indian Customs Electronic Gateway portal (ICEGATE Portal) will have all the necessary details relevant to the credits availed by an exporter. The export must produce the shipping bill and claims of the RoDTEP Scheme at the port. This enables the generation of credit scrips and the exporter can avail of refunds.
The generation and claiming process under this scheme is as follows:
- Once the claim has been processed, a japan business directory scroll accompanied by all the individual shipping bills for the admissible amount will be generated and available in the user account on the ICEGATE platform.
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Post creation of the ledger
- After the generation of scrips.