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RodTEP Scheme – Accounting Implications

April 28, 2021[2021] 127 taxmann.com 18 (Article)
On 04 March 2020, the government of India proposed Remission of Duties and Taxes on Export Products (RoDTEP). The same was approved by the Union Cabinet on 13 March 2020. This scheme is applicable with effect from January 1st, 2021. It shall replace the previously existing Merchandise Exports from India Scheme (MEIS). The objective of the scheme is to ensure that the exporters receive the refunds on the embedded taxes and duties previously non recoverable.
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