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Date: 26-Sep-2023 Category: Extra Ordinary State: Union Government Country: India

Extension of RoDTEP scheme for exports made from 01.10.2023

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

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Executive Summary & Key Takeaways

What it means

  • The notification announces the extension of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme.

Key Changes

  • The RoDTEP scheme is extended for exports made from October 1, 2023.
  • The extended scheme will be applicable until June 30, 2024.
  • Existing RoDTEP rates for all covered items will remain in effect for exports made between October 1, 2023, and June 30, 2024.
  • The extension is subject to the budgetary framework outlined in Para 4.54 of the Foreign Trade Policy (FTP) 2023, ensuring that remissions for the current financial year stay within the approved budget.

Impact Analysis

Exporters

  • Action Item: Exporters should stay informed about any updates or changes to the budgetary framework that may affect the scheme's implementation.

Government

  • Action Item: The Directorate General of Foreign Trade (DGFT) needs to monitor the scheme's utilization and ensure that remissions are processed efficiently within the approved budget.

Economy

  • The scheme's continuation provides stability and predictability for exporters, encouraging them to invest in expanding their export operations.

Key Entities Referenced

Central Government: The authority issuing the notification and responsible for extending the RoDTEP scheme. Directorate General of Foreign Trade (DGFT): The agency responsible for implementing and administering the Foreign Trade Policy and related schemes like RoDTEP. Santosh Kumar Sarangi, Director General of Foreign Trade Ex-officio Addl. Secy. Foreign Trade (Development and Regulation) Act, 1992: The legislation that empowers the Central Government to formulate and implement foreign trade policies. Foreign Trade Policy 2023: The policy framework that guides India's foreign trade and includes provisions for export promotion schemes like RoDTEP. Para 1.02 and 4.54 are specifically mentioned. RoDTEP Scheme: Remission of Duties and Taxes on Exported Products scheme. A scheme to reimburse taxes/duties/levies at the central, state and local level that are incurred in the process of manufacture and distribution of exported products but are not refunded under any other mechanism.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-26092023-249006 CG-DxLx-xEG-I2D6H0x9x2x0 23-249006 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 4062] नई दिल्ली, मगं लवार, जसतम्ब र 26, 2023/आजिन 4, 1945 No. 4062] NEW DELHI, TUESDAY, SEPTEMBER 26, 2023/ ASVINA 4, 1945 ubZ fnYyh] 26 flrEcj] 2023 का.आ. 4230(अ).— fon's k O;kikj uhfr] 2023 ds iSjk 1-02 ds lkFk ifBr fon”s k O;kikj ¼fodkl ,oa fofu;eu½ vf/kfu;e] 1992 dh /kkjk 5 }kjk iznÙk “kfDr;kas dk iz;ksx djr s gq,] dsUnz ljdkj ,rn}kjk fnukda 01-10-2023 ls fd, x, fu;kZrksa ds fy, vkjvksMhVhbZih Ldhe ds foLrkj dk s vf/klwfpr djrh gSA 2- vkjvksMhVhbZih ds rgr “kkfey lHkh enks a ds fy, ekStwnk njs a fnukda 01-10-2023 ls 30-06-2024 rd fd, x, fu;kZrkas ds fy, ykxw gksxhA rFkkfi] ;g ,QVhih 2023 ds iSjk 4-54 ds rgr iznku fd, x, ctVh; <kaps ds v/;/khu gksxh rkfd pkyw foÙkh; o’kZ ds fy, NwV Ldhe dk izca/ku vuqeksfnr ctV ds vra xZr fd;k tk ldsA vkjvkMs hVhbZih Ldhe fnukad 01-10-2023 ls fd, x, fu;kZrka s ds fy, vkxs c<k+;k x;k gS vkSj ;g 30-06-2024 rd ykxw jgsxhA [Qk- la- 01@61@180@155@,,e21@ihlh&3 ¼Hkkx 1½] larks"k dqekj lkjaxh] Ekgkfuns'kd] fons'k O;kikj ,oa inus vij lfpo 6121 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce ) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 26th September, 2023 No. 33/22023 Subject: Extension of RoDTEP scheme for exports made from 01.10.2023 - reg S.O. 4230(E).—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, the Central Government hereby notifies an extension of RoDTEP scheme for exports made from 01.10.2023. 2. The existing rates for all the items covered under RoDTEP will be applicable for exports made from 01.10.2023 to 30.06.2024. However, it would be subject to the budgetary framework as provided under Para 4.54 of FTP 2023 so that the remissions for current financial year are managed within the approved Budget of the Scheme. Effect of this Notification: The RoDTEP scheme is extended for exports made from 01.10.2023 and shall be applicable till 30.06.2024. [F. No. 01/61/180/155/AM21/PC-3(Part1)] SANTOSH KUMAR SARANGI, Director General of Foreign Trade Ex-officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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