ROSCTL licence Management.

• The Rebate of State and Central Taxes and Levies (RoSCTL) Scheme is eligible for the export of apparels and made-ups only, i.e., Chapter 61, 62 & 63. The RoSCTL scheme is effected from 07.03.2019 to 31.03.2020 as per Para 4.01 (c) of FTP 2015-20. Due to the Covid-19 pandemic, the RoSCTL scheme has been extended till 31.03.2021.
• As we know, the USA has filed a complaint against India at the World Trade Organization (WTO). The complaint is that the Indian government gives undue benefits to Indian Exporter under export subsidies like the MEIS scheme, and it is against the WTO rules. Therefore, the Rebate of State and Central Taxes and Levies (RoSCTL) Scheme is a new scheme introduced by the Ministry of Commerce. Currently, RoSCTL scheme is only valid for garments and made-ups (i.e., Chapter 61, 62 & 63). Further, this scheme would be extended to all sectors.
• The cabinet approved the RoSCTL Scheme to rebates all state and central taxes for garments and made-ups and replaced the existing scheme, i.e., Rebate of State Levies (RoSL) Scheme, which provides only rebates of state taxes. The Exporter will get RoSL Benefit till 06.03.2019 from customs.
• As per Public Notice No. 58/2015-20 Dated 29.01.2020, Merchandise Exports from India Scheme (MEIS) has also been withdrawn for Export items falling under Chapter- 61, 62 & 63, w.e.f, 07.03.2019.

RODTEP Licence Management.

• The Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) has emerged as a critical tool in supporting India's exporters.
• It became operational on 1st January 2021 replacing the existing export incentive scheme, Merchandise Exports from India (MEIS).
• This change was prompted by a World Trade Organization (WTO) ruling that determined the MEIS scheme's violation of WTO regulations due to its provision of export subsidies for a broad spectrum of goods.
• The rebate under the scheme is allowed, based on the allowed percentage of FOB (Freight On Board) value of exports and issued in the form of a transferable duty credit/electronic scrip (e-scrip), the details of which are maintained in a digital ledger by the Central Board of Indirect Taxes and Customs (CBIC).
• The RoDTEP Committee operates within the Department of Revenue.
• Its primary responsibility is to review and recommend ceiling rates for different export sectors under the RoDTEP Scheme.

Objective:

• Its primary objective is to provide comprehensive support to exporters by remitting duties and taxes incurred during the production and distribution of exported products.
• Importantly, RoDTEP covers taxes, duties, and levies at the central, state, and local levels, which are not refunded through any other existing mechanisms.

Financial Allocation:

• In the financial year 2023-24, the Indian Government has allocated a substantial budget of Rs. 15,070 crores to support the RoDTEP Scheme.

We provide services to manage the manage the Incentive data & claim it and finding out some of the best rates in the market to sell it.