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The Directorate General of Foreign Trade (DGFT) has notified the Extension of Remission of Duties and Taxes on Export Products (RoDTEP) scheme for exports made from Domestic Tariff Area (DTA) Units and Advance Authorisation (AA) or Export Oriented Unit (EOU) or Special Economic Zone (SEZ) Units.
In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade Policy 2023, as amended from time to time, the Central Government amended Notification No. 70/2023 dated 08.03.2024.
The RoDTEP Scheme, for export of products manufactured by DTA Units, is being extended beyond 30.09.2024 till 30.09.2025.
The RoDTEP Scheme, for export of products manufactured by Advance Authorization holders (Except deemed exports), Export Oriented Units (EOUs) and SEZ Units, is being extended beyond 30.09.2024 till 31.12.2024.
However, notwithstanding the extension of the Scheme provided beyond 30.09.2024, in order to adhere to the budgetary framework as provided in Para 4.54 of FTP 2023, so that the outgo remains within the approved budget of the Scheme, necessary changes shall be made to the Scheme benefits, wherever necessary, including revisions or deletions in the eligible RoDTEP export items, rates, per unit value caps and other measures as and when required.
The new RoDTEP rates based on the recommendation of RoDTEP Committee are being notified w.e.f. 10.10.2024 under revised Appendix 4R (for D A units) and Appendix 4RE (for Advance Authorization holders (Except deemed exports), Export Oriented Units (EOUs) and SEZ Units). However, for exports made between 01.10.2024 and 09.10.2024, the existing rates as in Notification No.70/2023 dated 08.03.2024 shall continue to apply.
Also Read: ICAI EXTENDS LAST DATE FOR PAYMENT OF MEMBERSHIP FEE TILL 31ST DECEMBER, 2024
The RoDTEP scheme is extended for exports made from DTA Units til 30.09.2025
and AA/EOU/SEZ Units till 31.12.2024. The revised rates as in Appendix 4R and Appendix 4RE are also notified for implementation with effect from 10.10.2024, once the ICEGATE portal gets updated with new rates.
FAQs
What is the RoDTEP scheme?
The RoDTEP scheme will help to reduce the cost of production for exporters. It reimburses them for the duties and taxes that they have paid on imported inputs. The RoDTEP scheme is expected to boost exports from India by making Indian exports more competitive in global markets.
Notification Details
Notification No: 32/2024-25
Date: 30/09/2024