The document discusses India's new Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. The key points are:
1) RoDTEP is a new scheme to refund unrefunded taxes and duties on exported products to make them competitive globally. It replaces the MEIS scheme which was found to violate WTO rules.
2) The scheme aims to refund all taxes and duties that are not currently exempted or rebated by any other mechanism, including certain state and central levies.
3) Exporters can claim refunds under the scheme as a percentage of the export product's FOB value. However, rates under the scheme are yet to be
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. Custom Duty is valued based either on specific duty or Ad valorem. In this webinar, we will be understanding the provisions of Valuations under Customs Duty.
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we shall understand the types customs duty levied and the duty drawback allowed under the customs law.
Introduction
Import duty
Export duty
Constitutional Provision
Basis of determining the duty
Types of customs duty
Format
Notes
Case study problems
Solution of problem
Valuation
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. Custom Duty is valued based either on specific duty or Ad valorem. In this webinar, we will be understanding the provisions of Valuations under Customs Duty.
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we shall understand the types customs duty levied and the duty drawback allowed under the customs law.
Introduction
Import duty
Export duty
Constitutional Provision
Basis of determining the duty
Types of customs duty
Format
Notes
Case study problems
Solution of problem
Valuation
Provisions Regarding Baggage, Goods Imported or Exported by Post, Courier and...DVSResearchFoundatio
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. In this webinar we will learn the provisions related to baggage, goods imported or exported by post, courier and stores.
Advance Authorisation Scheme PPT - Latest Updates Included | AfleoAfleoConsultants
Advance Authorisation Scheme is introduced to import duty-free raw materials and to export those finished goods.
Advance Authorisation Scheme PPT gives all the information about objective of Advance Authorisation scheme / Types of Schemes under Chapter- 4 / SION Norms / Self Declaration Norms / Self Ratification Norms / Prior Fixation of Norms / Value Addition / Pre-Import Condition / Actual User Condition / Validity Period of Import & Re-validation / Export Obligation (Extension in EO) / Duty Free Import Authorisation (DFIA).
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we shall understand the provisions relating to clearance of imported and export goods which are in the custody of the Custodian.
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall be learning the procedural aspects of refund under GST law.
Traditionally India’s tax regime relied heavily on indirect taxes. Revenue from indirect taxes was the major source of tax revenue till tax reforms were undertaken during nineties. The major argument put forth for heavy reliance on indirect taxes was that the India’s majority of population was poor and thus widening base of direct taxes had inherent limitations. But the Indian system of indirect taxation is characterized by cascading, distorting tax on production of goods and services which leads to hampering productivity and slower economic growth. There are endless taxes in present system few levied by Centre and rest levied by state, to remove this multiplicity of taxes and reducing the burden of the tax payer a simple tax is required and that is Goods and Service Tax (GST). This paper throws an insight into the Goods and Service Tax concept, advantages, disadvantages and international scenario
This material is a part of our PGPSE programe. Our programme is available for any student after class 12th / graduation. AFTERSCHO☺OL conducts PGPSE, which is available free to all online students. There are no charges. It is designed to give a comprehensive training in social entrepreneurship / spiritual entrepreneurship. This programme is aimed at those persons, who want to ultimately set up their own business enterprises which can benefit society substantially. PGPSE is a unique programme, as it combines industry consultancy, business solutions and case studies in addition to spirituality and social concerns. You can read the details at www.afterschoool.tk or at www.afterschool.tk
#New Scheme of Export Incentive RoDTEP - By SN Panigrahi & CA Rishabh Sawansu...SN Panigrahi, PMP
#New Scheme of Export Incentive RoDTEP - By SN Panigrahi & CA Rishabh Sawansukha (Jain),
Certain Taxes / Duties / Levies Not Being Refunded @ Present,
MEIS, RoSCTL, RoDTEP
Provisions Regarding Baggage, Goods Imported or Exported by Post, Courier and...DVSResearchFoundatio
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. In this webinar we will learn the provisions related to baggage, goods imported or exported by post, courier and stores.
Advance Authorisation Scheme PPT - Latest Updates Included | AfleoAfleoConsultants
Advance Authorisation Scheme is introduced to import duty-free raw materials and to export those finished goods.
Advance Authorisation Scheme PPT gives all the information about objective of Advance Authorisation scheme / Types of Schemes under Chapter- 4 / SION Norms / Self Declaration Norms / Self Ratification Norms / Prior Fixation of Norms / Value Addition / Pre-Import Condition / Actual User Condition / Validity Period of Import & Re-validation / Export Obligation (Extension in EO) / Duty Free Import Authorisation (DFIA).
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we shall understand the provisions relating to clearance of imported and export goods which are in the custody of the Custodian.
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall be learning the procedural aspects of refund under GST law.
Traditionally India’s tax regime relied heavily on indirect taxes. Revenue from indirect taxes was the major source of tax revenue till tax reforms were undertaken during nineties. The major argument put forth for heavy reliance on indirect taxes was that the India’s majority of population was poor and thus widening base of direct taxes had inherent limitations. But the Indian system of indirect taxation is characterized by cascading, distorting tax on production of goods and services which leads to hampering productivity and slower economic growth. There are endless taxes in present system few levied by Centre and rest levied by state, to remove this multiplicity of taxes and reducing the burden of the tax payer a simple tax is required and that is Goods and Service Tax (GST). This paper throws an insight into the Goods and Service Tax concept, advantages, disadvantages and international scenario
This material is a part of our PGPSE programe. Our programme is available for any student after class 12th / graduation. AFTERSCHO☺OL conducts PGPSE, which is available free to all online students. There are no charges. It is designed to give a comprehensive training in social entrepreneurship / spiritual entrepreneurship. This programme is aimed at those persons, who want to ultimately set up their own business enterprises which can benefit society substantially. PGPSE is a unique programme, as it combines industry consultancy, business solutions and case studies in addition to spirituality and social concerns. You can read the details at www.afterschoool.tk or at www.afterschool.tk
#New Scheme of Export Incentive RoDTEP - By SN Panigrahi & CA Rishabh Sawansu...SN Panigrahi, PMP
#New Scheme of Export Incentive RoDTEP - By SN Panigrahi & CA Rishabh Sawansukha (Jain),
Certain Taxes / Duties / Levies Not Being Refunded @ Present,
MEIS, RoSCTL, RoDTEP
All-About Remission of Duties and Taxes on Exported Products (‘RoDTEP’) SchemeTaxmann
RoDTEP scheme has been made effective from January 01, 2021 for all export goods. The incentive scheme aims to reimburse the taxes and duties incurred by the exporters such as Local Taxes, Coal Cess, Mandi Tax, Electricity Duties etc. which are not getting exempted or refunded under any other existing scheme. It replaces the existing Merchandise Exports from India Scheme (MEIS) and Rebate of State and Central Levies and Taxes Scheme (RoSCTL Scheme).
The Ceiling Rates and Import Tariff Codes (i.e. RITC) on which benefit would be available are yet to be notified.
In the above backdrop, CA Sunil Kumar from Taxmann’s Indirect Tax Research and Advisory Team has analysed the nook and corner of this new incentive scheme. The presentation covers the following:
• Background
• Evolution of RoDTEP Scheme
• About RoDTEP Committee
• Features of RoDTEP Scheme (including GST treatment of scrips)
• Manner of availment, transfer and utilization of scrips
• Fate of existing MEIS and SEIS schemes
• Key Issues under RoDTEP scheme
• Way forward
Foreign Trade Policy is a set of guidelines and instructions established by the DGFT in matters related to the import and export of goods in India. The Government of India, Ministry of Commerce and Industry announces Export Import Policy every five years.
Key Takeaways:
Export Promotion Schemes in India
Analysis of WTO' Ruling
Schemes adopted by Member Nations
Alternatives to Export Promotion Schemes
Way forward
Therefore, it is very important for importers and exporters to completely dive into the concept of customs duties applied to their goods and know how to work on customs solution(s).
Education is Fundamental to the Nation Building Process.
Right to Education is now a Fundamental Right of every child in India.
GST Law Recognizes this and provides Certain Exemption to Educational Institutions, providing Education
In this Presentation let's Discuss the Applicability of GST on Education Sector
Eliminating 8 Wastes For Improving Supplychain EfficacyMMR July 2022 SN Panigrahi, PMP
A supply chain is a Chain of Supplies -
is the network of all the individuals,
organizations, resources, activities and
technology involved in the creation and supply of a
product, from the delivery of source materials from
the Supplier to Manufacturer to Distributer to
Wholesaler to Retailer and Eventually Delivery to the
End User or Consumer. Lean is the concept of efficient
manufacturing/operations that grew out of
the Toyota Production System in the middle of the
20th century. Since then, “lean” which was started as
an important concept, in the world of manufacturing
first, has thrived in to other fields such as Supply Chain
Management (SCM). Lean management is an approach
to managing an organization that supports the concept
of continuous improvement, a long-term approach to
work that systematically seeks to achieve small,
incremental changes in the processes in order to
improve efficiency and quality by eliminating or
minimising the process waste and maximising the value
of the product or service to the customer.
In this article we shall discuss 8 types of wastes in the
entire value stream of supply chain and analyse Cause
- Effect & Solution for improving Supply Chain Efficacy.
SUPPLY CHAIN DISRUPTIONS & RESILIENCE - By SN PanigrahiSN Panigrahi, PMP
SUPPLY CHAIN DISRUPTIONS & RESILIENCE
Article Published in Materials Management Review of IIMM
SN Panigrahi
#IIMM,
#materialsmanagement,
#supplychainmanagement,
#supplychaindisruptions,
#supplychainresilience,
Challenges of Apparel Exports from India - Presentation @ Indian Institute...SN Panigrahi, PMP
I had an Opportunity to Provide Training to the Officials of Directorate of MSME, Govt. of West Bengal on "Training of Master Trainers for Export Consultancy in the Gems and Jewellery & Apparel Sector of West Bengal“
Through Indian Institute of Foreign Trade (IIFT), Kolkata on Hybrid Mode on 1st Dec'2021.
This is Part of West Bengal Government's Strategy to Promote Exports from the State. West Bengal Government Targeted to Double the Apparel Exports from the State in next 3-5 Years.
SN Panigrahi
What is Lean? Understanding Lean Principles by SN PanigrahiSN Panigrahi, PMP
What is Lean? Understanding Lean Principles by SN Panigrahi
Lean is a way of thinking about creating needed value with fewer resources and less waste. Lean is a practice consisting of continuous experimentation to achieve perfect value with zero waste.
RoDTEP Scheme - Manner to Issue & Utilization of Duty Credit for Goods Expor...SN Panigrahi, PMP
RoDTEP Scheme - Manner to Issue & Utilization of Duty Credit for Goods Exported - By SN Panigrahi
Remission of Duties or Taxes on Export Products (RoDTEP) was introduced for the Exporters to make Indian products cost-competitive and create a level playing field for them in the Global Market by Refund un-refunded Taxes or Duties / Levies, not Exempted or Rebated at Present by any other Mechanism.
Government Issued an Advisory on 1st Jan’2021, to implement the Scheme effective from 1st Jan’2021, and allowed the exporters to claim in the Shipping Bill, even though Rates were not announced. Subsequently the Rates range from 0.5% to 4.3% for various Sectors at 8 Digit Level as per Appendix – 4R of Hand Book of Procedures were announced by DGFT vide: Notification 19 / 2015-2020, dated 17th Aug’2021.
Now, CBIC announced the Manner of Issue Duty Credit for Goods Exported under the scheme vide Notification No: 76/2021-Customs (N.T.), 23rd September, 2021.
Enterprise Risk Assessment : A Pro-active Measure to Establish Strategic Prio...SN Panigrahi, PMP
Enterprise Risk Assessment : A Pro-active Measure to Establish Strategic Priorities & To Tackle Key Business Risks- By SN Panigrahi
Enterprise Risk Assessment Tool is used by organizations to Manage Risks Pro-actively and Seize Opportunities related to the achievement of their Objectives. Risk Assessment outcomes help Organizations to Establish Strategic Priorities and Activities to Tackle Key Risks. Increasing Awareness and Imbibing Risk Culture with Involvement of Top Management & Cross Functional Teams shall enhance the Organizations ability to Understand, Identify, and Develop Action Plans in Advance to Pro-Actively Manage Risks.
Hybrid Project Life Cycle - By SN Panigrahi,
Understanding Project Phase & Project Life Cycle,
Types of Project Life Cycle,
Predictive Life Cycle,
Iterative Life Cycle,
Incremental Life Cycle,
Adaptive Life Cycle,
Agile Life Cycle,
Hybrid Life Cycle,
Characteristics of Hybrid Life Cycles,
1.Agile Development Followed by a Predictive Model,
2. Combined Agile and Predictive Approaches,
3. Predominantly Predictive Approach with Some Agile Components,
4. Largely Agile Approach with a Predictive Component,
#HybridLifeCycle,
#PredictiveLifeCycle,
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Choosing Right CHA & Freight Forwarders - By SN PanigrahiSN Panigrahi, PMP
Choosing Right CHA & Freight Forwarders - By SN Panigrahi,
Basic Understanding of Exports,
Incoterms – 2020 : Key Considerations to Avoid Risk,
Role of Logistic Intermediaries : CHAs / Forwarders /1PL, 2PL, 3PL, 4PL,
Selection of CHAs / Freight Forwarders / Shipping Lines,
#SN Panigrahi,
#EssAnnPee Business Solutions,
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
3. 3
For Promotion of Exports India has Framed various types of Schemes
to Rebate or Refund the Taxes. Currently available Schemes are
Merchandise Export from India Scheme (MEIS), Advance Authorization
Scheme, Export Promotion Capital Goods Scheme (EPCG) and Duty
Drawback Scheme.
All these Export Promotion Schemes were framed under premise of
Neutralizing Incidence of Taxes based on Universally Accepted
cardinal Principles of trade is that Taxes Should Not be Exported,
otherwise it may adversely Influence the commodity Price and may lead
to un-competitiveness in the Global Market.
5. 5
A scheme designed to
provide rewards to
exporters to offset
infrastructural
inefficiencies and
associated costs.
Transferable Duty
Credit Scrips are
Issued which can be
used to upset Customs
Duties.
Discontinued
w.e.f
1st Jan’2021
The Scheme allows
Duty Free Import
of inputs, which are
physically
incorporated in an
export product. In
addition to any
inputs, packaging
material, fuel, oil,
catalyst which is
consumed / utilized
in the process of
production of export
product, is also be
allowed – as per
SION.
The objective of the
Scheme is to
facilitate import of
capital goods for
producing quality
goods and services
and enhance India’s
manufacturing
competitiveness.
EPCG Scheme
allows import of
capital goods for
pre-production,
production and
post-production at
zero customs duty.
Duty Drawback
Allows Refund of
Duty
of Customs and
Duty of Central
Excise that are
chargeable on
Imported and
Indigenous
Materials used in
the Manufacture
of Exported
Goods.
6. 6
Introduced in 1981, the
Export Oriented Units
(EOU) scheme aims to
increase exports from India.
Under EOU Scheme,
manufacturing or service
sector units are allowed to
be set up with the objective
of exporting entire
production of goods
manufactured or services
except limited sale in
Domestic Tariff Area (DTA)
as provided under the
Foreign Trade Policy (FTP).
Similar other Schemes
: STP, EHTP, BTP
Special Economic
Zone (SEZ) Policy in
India first came into
inception on April 1, 2000
is a specifically
delineated duty-free
enclave and shall be
deemed to be foreign
territory for the purposes
of trade operations and
duties and tariffs.
The prime objective was
to enhance foreign
investment and provide
an internationally
competitive and hassle
free environment for
exports.
The Free Trade &
Warehousing Zones
(FTWZ) shall be a
special category of
Special Economic Zones
with a focus on trading
and warehousing.
The objective is to create
trade-related
infrastructure to
facilitate the import and
export of goods and
services with freedom to
carry out trade
transactions in free
currency.
Through bonded
manufacturing, all
types of businesses
can avail exemption on
customs duty on
imported inputs used in
the production of
finished goods to be
exported.
In the case of domestic
consumption, the duty
on imported inputs is
deferred until the
finished goods are
cleared to the domestic
market.
7. 7
Exporter
Without Payment
of Tax
Under Bond / LUT
FORM GST RFD-11
With Payment of
IGST
Payment of
IGST
Refund of
ITC
Rule 96 A
Read with
Rule 86
Refund of
IGST
Rule 96 &
89
Option - 1
Option - 2
Sec 16. (3)(a)
Sec 16. (3)(b)
Circular No. 17/17/2017- GST dated 15.11.2017 and
Circular no. 24/24/2017-GST dated 21.12.2017
Zero Rated Supply
Export.
ITC
Allowed
ITC
Allowed
Accumulated ITC can be Claimed as Refund
Credit Ledger Debited to the Extent of Refund Claimed
ITC Utilized towards Payment of IGST
GST Paid
On Input or
Input Services
8. 8
Ceiling/Cap on MEIS benefits Available to
Exporters on Exports Made from 01.09.2020
to 31.12.2020.
Notification No. 30/2015-2020; Dt.: 1st Sep’2020
Two new paragraphs, 3.04A and 3.04B are inserted in the Foreign Trade Policy as below:
*3.04A
The total reward which may be granted to an IEC holder under the Merchandise Exports From
India Scheme (MEIS) shall not exceed Rs. 2 Crore per IEC on exports made in the
period 01.09.2020 to 31.12.2020 [period based on Let Export Order (LEO) date of shipping
bill(s)]. Any IEC holder who has not made any export with LEO date during the period
01.09.2019 to 31.08.2020 or any new IEC obtained on or after 01.09.2020 would not be
eligible for submitting any claim for benefits under MEIS for exports made with effect from
01.09.2020. The aforesaid ceiling may be subject to a further downward revision to ensure
that the total claim under the Scheme for the period (01.09.2020 to 31.12.2020) does not
exceed the allocation prescribed by the Government, which is Rs. 5,000 Cr.
3.04B
Benefits under MEIS shall not be available for exports made with effect from
01.01.2021.
10. 10
At present, GST Taxes and Import / Customs Duties for Inputs Required to Manufacture Exported
Products are either Exempted or Refunded through Various Schemes Like Advance Authorization,
DFIA, Duty Drawback etc.
However, there are certain taxes / duties / levies, at different stages at the central, state and
local level, which are incurred in the process of manufacture and distribution of exported pro-
ducts but are not being refunded under any mechanism currently in practice.
Moreover, in the wake of complaints filed by USA against India to discontinue export incentive
scheme (like MEIS) citing these schemes tantamount to subsidy, which is not in compliance with
WTO guidelines, and subsequent ruling of Dispute Resolution Panel (DRP) of World Trade
Organisation (WTO) that India’s export subsidy schemes violate global trade norms and therefore
asked to withdraw.
Abiding by the Ruling, the Government scraped MEIS Scheme which was ended by 31st
Dec’2020.
12. 12
The Government is now formulated a new Scheme to cover all the export sectors to refund un-
refunded taxes or duties / levies, not exempted or rebated at present by any other mechanism
currently in practice.
Remission of Duties or Taxes on Export Products (RoDTEP) is a scheme for the Exporters to make
Indian products cost-competitive and create a level playing field for them in the Global Market by
Refund un-refunded Taxes or Duties / Levies, not Exempted or Rebated at Present by any other
Mechanism.
Under the WTO rules, certain Taxes & Duties like state taxes on power, oil, water, transportation, and
other cesses and local levies are allowed to be refunded.
This Scheme will Not only Replace the Current Merchandise Exports from India Scheme (MEIS), which
is not in compliance with WTO norms and rules, but goes beyond it to Refund un-refunded Taxes or
Duties / Levies as discussed above.
The new RoDTEP is a well-Conceived & Intended Scheme - fully WTO compliant and need of the
hour in this critical juncture in view of Exit of MEIS.
13. 13
Benefit would be provided on certain taxes / duties / levies (other than GST) levies at the central, state and
local level, which are not refunded for exports, such as:
State Levies
VAT on fuel used in transportation; VAT on fuel used in generation of captive power; VAT on fuel used in farm
sector (for farm products only); Mandi Tax; Duty on electricity charges; Stamp duty on export documents;
Embedded SGST paid on inputs such as pesticides, fertilizers etc. used in production of agriculture goods;
Embedded SGST in purchases from unregistered dealers; Embedded SGST on coal used in production of
electricity; Embedded SGST on inputs for transport sector;
Central Levies
Central Excise duty on fuel used in transportation; Embedded CGST paid on inputs such as pesticides,
fertilizer etc. used in production of required raw materials; Embedded CGST in purchases from unregistered
dealers; Embedded CGST and Compensation Cess on coal used in production of electricity; Embedded
CGST on inputs for transport sector.
New scheme aims at creating an Electronic Credit Ledger in the customs ICEGATE which enables Digital
Refund to Exporters.
The Refund would be claimed as a percentage of the Freight on Board (FOB) value of exports.
15. 15
Government Issued an Advisory on 1st Jan’2021
A new scheme, RoDTEP (Remission of Duties and Taxes on Exported Products) has been launched by the
government for exporters. The scheme provides for rebate of Central, State and Local duties/taxes/ levies
which are not refunded under any other duty remission schemes. The broad provisions are as under:
I. To avail the scheme exporter shall make a claim for RoDTEP in the shipping bill by making a
declaration.
II. Once EGM is filed, claim will be processed by Customs.
III. Once processed a scroll with all individual Shipping Bills for admissible amount would be
generated and made available in the users account at ICEGATE,
IV. User can create RoDTEP credit ledger account under Credit Ledger tab. This can be done by
IECs who have registered on ICEGATE with a DSC.
V. Exporter can log in into his account and generate scrip after selecting the relevant shipping
bills.
16. 16
As of now the users can log into their ICEGATE account and create the RoDEP Credit Ledger Account, as scrip
generation provision will be made functional on the issuance corresponding notification by the department and
availability of the budget. Implementation of scheme in Custom Automated System has been developed.
W.e.f. 01.01.2021, it is mandatory for the exporters to indicate in their Shipping Bill whether or not
they intend to claim RoDTEP on the export items. This claim is mandatory for the items (RITC codes)
notified under the new scheme. Since the final list of RITC codes eligible for RoDTEP scheme and the
corresponding rates are yet to be notified by the Government, this declaration has been made mandatory for
all items in the Shipping Bill starting 01.01.2021.
Unlike Drawback, there is no separate serial numbers based on a schedule for claiming RoDTEP. RoDTEP
rates will be notified as per the RITC Code and therefore, there will be no need to declare any separate code
or schedule serial number for RoDTEP.
Cont…………….
18. 18
It may be noted that if RODTEPY is not specifically claimed in
the Shipping Bill, no RoDTEP would accrue to the exporter.
Even though the items and rates are not notified the Government
for RoDTEP yet, the exporters must indicate their intent for claim
at the time of Shipping Bill filing itself. Once the rates are notified,
System would automatically calculate the RoDTEP amounts for all
the items where RODTEPY was claimed.
No changes in the claim will be allowed after the filing of the
EGM.
20. 20
There are some checks built in the System to disallow RoDTEP
benefit where the benefit of certain other schemes like Advance
Authorization, EOU, Jobbing etc. has been availed. While some
checks have been built in within the System at the time of filing the
Shipping Bill, it is assumed that if the exporter (or the authorized
Customs Broker) has submitted the statement as mentioned in para
2(b) with the Shipping Bill, the claim to RoDTEP has been made with
the undertaking that no undue benefit would be availed.
22. 22
Issue – 1:
The Scheme is Introduced without announcing Rates. Generally,
Exporters Factor all Export Benefits, while working Export Prices to
be Competitive in the International Market.
Suggestion:
Therefore, without knowing RoDTEP Rates Exporters are finding it
Difficult to workout Export Prices. Government should come out with
the Proposed Rates Immediately.
23. 23
Issue – 2
By putting some built in checks in the System to disallow RoDTEP benefit where the
benefit of certain other schemes like Advance Authorization, EOU, Jobbing, SEZ etc. are
illogical as the Objective of the scheme is to refund, all the un-refunded taxes or duties /
levies, Embedded in the Entire Value Chain, those are not exempted or rebated at
present by any other mechanism currently in practice.
Suggestion:
In the present under various schemes like Advance Authorization, EOU, Jobbing, SEZ etc.
Taxes / Duties on only immediate (First Tier) Inputs are being Exempted and not other
incidents of Taxes in the Entire Value Chain beyond First Tier. So the Rates proposed
under RoDTEP are Mutually Exclusive basis with other Schemes, therefore the Benefits
of RoDTEP should be allowed to Exporters availing Advance Authorization, EOU,
Jobbing, SEZ etc.
24. 24
Issue 3:
The Scheme is introduced without Prior issue of Gazette Notification detailing the
Objectives, Coverage & Procedures leading to Confusions. Only the Advisory & Press
Notice were issued on 1st Jan’2021 without giving opportunity to trade to understand the
Scheme & avail the benefit. If the RODTEPY is not specifically claimed in the
Shipping Bill, no RoDTEP would accrue to the exporter. Many Exporters missed to
Claim, since no prior information.
Suggestion :
Therefore, those who are not claimed specifically in Shipping Bill wef 1st Jan’2021
also shall be allowed to Claim latter by amending the Shipping Bills.
