Remission of Duties and Taxes for Export Products DGFT

At Falcon, our team of highly trained professionals can assist you in getting services for Remission of Duties and Taxes on Export Products from DGFT (Directorate General of Foreign Trade). Therefore, Falcon offers cost-effective RoDTEP (Remission of Duties and Taxes on Export Products) license-related services. Because we are a custom clearance and freight forwarder agent, we know the exact steps you need to take to obtain certification. In addition, we offer a comprehensive range of documentation services. Due to this, we provide consultation regarding document compilation and application preparation at a competitive price.

Benefits under the RoDTEP Scheme

Remission of Duties and Taxes on Export Products (RoDTEP) is a new scheme introduced on 1st January 2021 to replace the existing MEIS (Merchandise Exports from India Scheme). In essence, the RoDTEP aims to boost exports that previously were relatively low in volume by refunding embedded taxes and duties previously inaccessible to exporters.

Get RoDTEP Scheme License Fastly

As a result, RoDTEP Scheme exporters can get refunded embedded central, state, and local taxes that were not refundable under any of the existing schemes. Tax or duty exemptions or remittances to exporters should be the alternatives to export taxes/duties so that India is more competitive in the international market within the next five to ten years. On 17 August 2021, the Government released the guidelines and benefit rates under the RoDTEP Scheme for 8555 tariff lines. A rebate rate range of 0.5% to 4% based on FOB value may be applicable on certain products, with a cap on value per unit in some cases.

How Falcon Can Assist You to Get RoDTEP Scheme Benefits

In the past few years, Falcon has been providing DGFT services with a team of highly motivated professionals. Keeping up with the news, recognizing the benefits for exporters and importers, and translating the policies into the simplest form possible for our clients allows us to stay ahead of the curve.

There will be guidance on what declarations must be in shipping bills to maximize the benefits offered under new export promotion schemes. The first step is the registration of the ICE Gate and the preparation of the digital signature. The second step is the creation of the RoDTEP Credit Ledger account. Following this, we apply for the RoDTEP benefits on ICE Gate. Once approved, we follow up with Customs and DGFT to obtain the license. Lastly, we complete the entire process within the given timeline.<br>

In the end, we can help you to get service for the remission of duties and taxes for export products from DGFT. Call +91-9311595648 or email cargodeal@falconfreight.com for more information.