EXPORT INCENTIVE SCHEME
(RoSCTL AND RoDTEP LICENSE)
RoSCTL
RoSCTL stands for Rebate of State & Central Taxes Levies.
The benefit under this scheme is available for apparel/garments (under Chapter 61 and 62) and Made-ups (under Chapter 63) in exclusion of RoDTEP for these Chapters with the rates, as notified by the Ministry of Textiles vide Notification no.14/26/2016-IT (Vol.II) dated 08th March 2019. The Rebate of State and Central Taxes and Levies (RoSCTL) Scheme shall remain in force up to 31st of March 2024 (Refer MOT Notification No. 12015/11/2020-TTP dated 13.08.2021)
RoDTEP
RoDTEP stands for Remission of Duties and Taxes on
Export Products.
It is a new scheme that is applicable with effect from January 1st, 2021, formed to replace the existing MEIS (Merchandise Exports from India Scheme). The scheme was brought about with the intention to boost exports which were relatively poor in volume previously. On 17 August 2021, the Central Government notified the RoDTEP scheme rates and guidelines. The notified rates under the RoDTEP scheme for several sectors include the rates at 0.5%, 1.4%, 2.4% and 4%.
Contact
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enquiry@welcomeconsultancy.in
nandkumar@welcomeconsultancy.in