{"id":5518,"date":"2022-06-02T11:11:32","date_gmt":"2022-06-02T11:11:32","guid":{"rendered":"https:\/\/www.indifi.com\/blog\/?p=5518"},"modified":"2022-06-29T09:14:38","modified_gmt":"2022-06-29T09:14:38","slug":"rodtep-scheme-benefits-eligibility","status":"publish","type":"post","link":"https:\/\/www.indifi.com\/blog\/rodtep-scheme-benefits-eligibility\/","title":{"rendered":"Everything About RoDTEP Scheme, Benefits &#038; Eligibility"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"397\" height=\"300\" src=\"https:\/\/www.indifi.com\/blog\/wp-content\/uploads\/2022\/06\/RoDTEP-Scheme.jpg\" alt=\"\" class=\"wp-image-5520\"\/><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_67_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.indifi.com\/blog\/rodtep-scheme-benefits-eligibility\/#What_is_RoDTEP\" title=\"What is RoDTEP?\">What is RoDTEP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.indifi.com\/blog\/rodtep-scheme-benefits-eligibility\/#What_is_it_for\" title=\"What is it for?\">What is it for?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.indifi.com\/blog\/rodtep-scheme-benefits-eligibility\/#Who_is_it_for\" title=\"Who is it for?\">Who is it for?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.indifi.com\/blog\/rodtep-scheme-benefits-eligibility\/#How_To_Apply_For_RoDTEP_scheme\" title=\"How To Apply For RoDTEP scheme?\">How To Apply For RoDTEP scheme?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.indifi.com\/blog\/rodtep-scheme-benefits-eligibility\/#RoDTEP_Scheme_Benefits\" title=\"RoDTEP Scheme Benefits\">RoDTEP Scheme Benefits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.indifi.com\/blog\/rodtep-scheme-benefits-eligibility\/#Eligibility_criteria_to_avail_of_the_benefits_of_RoDTEP_scheme\" title=\"Eligibility criteria to avail of the benefits of RoDTEP scheme\">Eligibility criteria to avail of the benefits of RoDTEP scheme<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_RoDTEP\"><\/span><strong>What is RoDTEP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>RoDTEP Scheme stands for Remission of Duties and Taxes on Exported Products. As the name suggests, the scheme remits the charges on duties and taxes for the exporters to facilitate them and promote international trade. This scheme was launched on January 1st, 2021, and replaced the existing MEIS scheme.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_it_for\"><\/span><strong>What is it for?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This scheme\u2019s main objective is to encourage manufacturing in India and international trade by providing numerous incentives to the manufacturers or merchants who create products in the country and export them globally. The scheme reimburses the duties and taxes for this trade which was not reimbursable before.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_it_for\"><\/span><strong>Who is it for?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An exporter. Can be a manufacturer or a merchant exporter. But this scheme is for exporters who create products in India, manufacture them, and ship them globally contributing to the growth of our economy and promoting international trade.<\/p>\n\n\n\n<p>Also Read: <a href=\"https:\/\/www.indifi.com\/blog\/capital-gains-tax-everything-about-ltcg-stcg-tax-in-india\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.indifi.com\/blog\/capital-gains-tax-everything-about-ltcg-stcg-tax-in-india\/\">Capital Gains Tax \u2013 Everything About LTCG &amp; STCG Tax In India<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_To_Apply_For_RoDTEP_scheme\"><\/span><strong>How To Apply For <strong>RoDTEP<\/strong> scheme?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To subscribe to the new RoDTEP is very simple and as it is fully automated, the experience of this for the exporter is seamless, fast, and secured. He doesn\u2019t have to go office to office carrying tons of documents and claiming reimbursement.&nbsp;<\/p>\n\n\n\n<ol><li>Ensure that the exporter is to manufacture the goods in India.&nbsp;<\/li><li>To claim the reimbursement via this scheme, the exporter has to claim for this scheme in the shipping bill &#8211; making a declaration for this reimbursement beforehand<\/li><li>The Department of customs takes over to verify the claim. Post verification, the claim is processed. All this is regulated by the department of customs.&nbsp;<\/li><li>Once the claim is verified and is processed, a ledger will be generated with the respective amount and the user can see it at his end on the platform<\/li><li>The users can then access this information via the platform and also get refined in very simple steps.&nbsp;<\/li><\/ol>\n\n\n\n<p>Also Read:&nbsp;<a href=\"https:\/\/www.indifi.com\/blog\/tax-collected-at-source-tcs-everything-you-need-to-know\/\" target=\"_blank\" rel=\"noreferrer noopener\">Tax Collected At Source (TCS) \u2013 Everything You Need To Know<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RoDTEP_Scheme_Benefits\"><\/span><strong>RoDTEP Scheme Benefits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>While the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme by design provides benefits of duties and taxes, it also has various other benefits that a business owner or an exporter ought to be aware of as it creates immense value for their businesses. Here are some important RoDTEP scheme benefits:<\/p>\n\n\n\n<ol><li><strong>Reimbursable Taxes and Duties<\/strong><\/li><\/ol>\n\n\n\n<p>This is the core benefit of the RoDTEP scheme, which is that all the different duties and taxes that are levied like Coat Tax, Mandi Tax, CED, Value Added Tax (VAT), etc. are now eligible for a complete reimbursement. All the categories of products that were once under the umbrella of the RoDTEP scheme and MEIS scheme will now come under the regulation and control of this attractive RoDTEP scheme. This scheme not only encourages exporters but also provides great financial flexibility and strength for them to plan, create, and export more and more products globally.&nbsp;<\/p>\n\n\n\n<ol start=\"2\"><li><strong>Digital Credit Ecosystem that is fully tech-driven<\/strong><\/li><\/ol>\n\n\n\n<p>The scheme also promotes a digital first where all the ledgers are maintained digitally and the entire process is automated. There is an electronic ledger that maintains electronic credits which are controlled and maintained, Letting go of the offline process is more cumbersome, difficult to track, and creates noise and automating the entire reimbursement process helps the system to be more smooth, streamlined, and seamless.&nbsp;&nbsp;<\/p>\n\n\n\n<ol start=\"3\"><li><strong>Digital verification and tight security systems in place<\/strong><\/li><\/ol>\n\n\n\n<p>This is a fully digital and automated scheme where all the documentation, verification, and confirmation happen digitally ensuring speed, accuracy, and a seamless experience for all the stakeholders. The platform takes the assistance of an IT firm that helps in verifying the document\u2019s correctness, and integrity and also ensures that the transactions happen without any hassle.&nbsp;<\/p>\n\n\n\n<ol start=\"4\"><li><strong>One scheme &#8211; all sectors<\/strong><\/li><\/ol>\n\n\n\n<p>This scheme was not designed to promote any particular sector(s). All the sectors are eligible under this scheme for whoever wishes to create and manufacture products in India and wants to export them globally. They also formed a committee that will ensure that the scheme is integrated with their respective structures and advise them on the various incentives and benefits to get them onboard. Also, pitch them the fully automated digital process that the scheme adopted to ensure smooth and seamless transactions.&nbsp;<\/p>\n\n\n\n<p>Also Read:&nbsp;<a href=\"https:\/\/www.indifi.com\/blog\/what-is-tan-and-its-importance-in-businesses-for-individual\/\" target=\"_blank\" rel=\"noreferrer noopener\">What Is TAN? And Its Importance In Businesses &amp; For individual<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligibility_criteria_to_avail_of_the_benefits_of_RoDTEP_scheme\"><\/span><strong>Eligibility criteria to avail of the benefits of RoDTEP<\/strong> <strong>scheme<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Like in any other scheme, to avail of RoDTEP scheme benefits, there are some eligibility criteria.&nbsp;<\/p>\n\n\n\n<ol><li>One basic core requirement to access the scheme is that products that are exported are to be created and manufactured in India. Else, the exporter\/manufacturer will not be eligible to access the scheme for their respective products.&nbsp;<\/li><li>Turnover &#8211; This scheme doesn\u2019t demand a minimum turnover requirement to be eligible. Despite the turnover figure, if you are a trader\/manufacturer, you are eligible. But you should be either a merchant or a manufacturer exporter legally.&nbsp;<\/li><li>Industry\/Sector &#8211; This scheme doesn\u2019t put a filter on any particular sectors. Any exporter despite the sector who exports their products are eligible to avail of complete benefits of this scheme and will be given complete tax. This is one of the key RoDTEP scheme benefits. reimbursement. Sectors that are high on manual labor are given priority over the others.<\/li><li>Ecommerce players &#8211; If you\u2019re an e-commerce player who manufacturers in India and exports your goods globally via logistic partners, you can avail the benefits of the new scheme without needing any additional documentation or incurring additional charges.<\/li><li>SEZ\/EO &#8211; Unique trading platforms like SEZs\/EOs are also totally eligible for all the benefits on top of their existing schemes\/perks they might be availing from others<\/li><\/ol>\n\n\n\n<p>Also Read:&nbsp;<a href=\"https:\/\/www.indifi.com\/blog\/gstin-what-is-gstin-number-check-verify-gstin-uin-number-online\/\" target=\"_blank\" rel=\"noreferrer noopener\">GSTIN: What Is GSTIN Number? \u2013 Check &amp; Verify GSTIN\/UIN Number Online?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is RoDTEP? RoDTEP Scheme stands for Remission of Duties and Taxes on Exported Products. As the name suggests, the scheme remits the charges on duties and taxes for the exporters to facilitate them and promote international trade. This scheme was launched on January 1st, 2021, and replaced the existing MEIS scheme.&nbsp; What is it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[141],"tags":[],"_links":{"self":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts\/5518"}],"collection":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/comments?post=5518"}],"version-history":[{"count":3,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts\/5518\/revisions"}],"predecessor-version":[{"id":5563,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts\/5518\/revisions\/5563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/media\/5520"}],"wp:attachment":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/media?parent=5518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/categories?post=5518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/tags?post=5518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}