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'Export benefits under RoDTEP subject to conditions'
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SME Times News Bureau | 02 Jan, 2021
The Finance Ministry on Friday said that the benefits under the
remission of duties and taxes on exported products (RoDTEP) for
exporters will be subject to conditions, restrictions, ineligibility and
fulfilment of procedural requirements as notified by the government.
The
statement comes a day after the Centre announced extension of the
benefits under the RoDTEP scheme to all export goods starting Friday.
On
Friday, the statement from the Department of Revenue also said that on
exports eligible for RoDTEP, the benefit shall be available from January
1, even if the rates and other details are prescribed later, within
next few days.
"The benefit of RoDTEP would be available subject
to the conditions, restriction, exclusions, ineligibility and fulfilment
of the procedural requirements as notified," it said.
It further
stated that the details of export goods eligible for the scheme, the
applicable RoDTEP rate, value caps on such eligible goods, the excluded
category of exports, other conditions and restrictions, the procedural
details for grant of RoDTEP duty credit, and utilisation thereof will be
notified shortly.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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84.35
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82.60 |
UK Pound
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106.35
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102.90 |
Euro
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92.50
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89.35 |
| Japanese
Yen |
55.05 |
53.40 |
| As on 12 Oct, 2024 |
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