{"id":1186,"date":"2022-01-15T15:43:07","date_gmt":"2022-01-15T10:13:07","guid":{"rendered":"https:\/\/importexportlicence.com\/?p=1186"},"modified":"2022-01-15T15:56:28","modified_gmt":"2022-01-15T10:26:28","slug":"rice-exporters-eligible-for-export-incentives-to-receive-rodtep-licences","status":"publish","type":"post","link":"https:\/\/importexportlicence.com\/index.php\/2022\/01\/15\/rice-exporters-eligible-for-export-incentives-to-receive-rodtep-licences\/","title":{"rendered":"Rice Exporters eligible for Export Incentives, to receive RoDTEP Licences"},"content":{"rendered":"\n
\"Rice<\/figure>\n\n\n\n

RoDTEP <\/strong>stands for Remission of Duties and Taxes<\/strong> on Export Products.<\/strong> 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 will ensure that the exporters receive the refunds on the embedded taxes and duties previously non-recoverable. The scheme was brought about with the intention to boost exports and make sure Indian Exports remain competitive in the global markets. <\/p>\n\n\n\n

Rice exports were not included as part of MEIS scheme, announced under the Foreign Trade Policy 2015-2020 on 1.4.2015. Though the scheme was extended to rice exports during 2.11.2018 to 25.3.2019 but the rice exports were again excluded form the scheme starting financial year 2020-2021. Seeing the drop in non basmati rice in 2019-20, the rice exporters have been lobbying to be included as part of the new RoDTEP scheme that would become effective from 1st January 2021.<\/p>\n\n\n\n

Heeding to their calls, the Department of Commerce in their Notification 19 on 17th August, 2021 granted Rice Exporters a 1% benefit on FoB value as RoDTEP, a transferable scrip <\/strong>that could be either used or sold to others in the need for the same. <\/p>\n\n\n\n

We at Tirupati Impex (a 35 year old Import Export Consultancy firm) are working with the Rice exporters to help them avail the announced benefits and also are assisting them to sell their duty scrips at the best premium available in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 will ensure that the exporters receive the refunds on the embedded taxes and duties previously non-recoverable. The […]<\/p>\n","protected":false},"author":1,"featured_media":1187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[59,32,34,60,71],"tags":[37,73,72,74],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/importexportlicence.com\/wp-content\/uploads\/2022\/01\/Rice-Exporters-to-receive-RoDTEP-Licences.png?fit=2240%2C1260&ssl=1","jetpack-related-posts":[{"id":493,"url":"https:\/\/importexportlicence.com\/index.php\/2020\/08\/18\/duty-credit-scrips-what-are-these\/","url_meta":{"origin":1186,"position":0},"title":"Duty Credit Scrips: What are these?","date":"August 18, 2020","format":false,"excerpt":"What are Duty Credit Scrips? Duty Credit Scrips (DCS) is an export promotion benefit offered by the Government of India under the Foreign Trade Policy (FTP) 2015-20. As with other export benefits, the aim is to incentivize exporters so that they boost the inflow of foreign exchange to India. A\u2026","rel":"","context":"In "Customs"","img":{"alt_text":"Duty Scrips","src":"https:\/\/i2.wp.com\/importexportlicence.com\/wp-content\/uploads\/2020\/08\/CUSTOMS-DUTY_1200.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560,"url":"https:\/\/importexportlicence.com\/index.php\/2020\/08\/22\/merchandise-exports-from-india-scheme-meis\/","url_meta":{"origin":1186,"position":1},"title":"Merchandise Exports from India Scheme (MEIS)","date":"August 22, 2020","format":false,"excerpt":"The objective of the Merchandise Exports from India Scheme (MEIS) is to promote the manufacture and export of notified goods\/ products. Entitlement under MEIS Exports of notified goods\/products with ITC[HS] code, to notified markets, shall be rewarded under MEIS. The rate(s) of rewards on various notified products [ITC (HS) code\u2026","rel":"","context":"In "DGFT"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":516,"url":"https:\/\/importexportlicence.com\/index.php\/2020\/08\/19\/how-to-apply-for-duty-credit-scrips\/","url_meta":{"origin":1186,"position":2},"title":"How to apply for Duty Credit Scrips?","date":"August 19, 2020","format":false,"excerpt":"There are multiple types of Duty Scrips i.e. different category of Duty Scrips that an exporter receives basis on its item of export. And the percentage i.e. amount of the benefit depends upon the exact HSN code and country of export. Current prevalent duty scrips are MEIS, SEIS, RosCTL and\u2026","rel":"","context":"In "Documentation"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":553,"url":"https:\/\/importexportlicence.com\/index.php\/2020\/08\/20\/how-to-export\/","url_meta":{"origin":1186,"position":3},"title":"HOW TO EXPORT","date":"August 20, 2020","format":false,"excerpt":"India\u2019s Foreign Trade i.e. Exports and Imports are regulated by Foreign Trade Policy notified by the Central Government in the exercise of powers conferred by section 5 of foreign trade (Development and Regulation) Act 1992. Presently Foreign Trade Policy 2015-20 is effective from 1st\u00a0April 2015.\u00a0\u00a0 STARTING EXPORTS Export in itself\u2026","rel":"","context":"In "Documentation"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2504,"url":"https:\/\/importexportlicence.com\/index.php\/2024\/02\/03\/meis-rosctl-rodtep-rate-03-feb-2024\/","url_meta":{"origin":1186,"position":4},"title":"MEIS & ROSCTL\/RODTEP Rate \u2013 03 FEB 2024","date":"February 3, 2024","format":false,"excerpt":"Today\u2019s rate: MEIS \u2013 97.50% to 98.35% RosCTL \u2013 96.50% to 97.50% New e-scrip ROSCTL\/RODTEP - 96.00 % to 98.10% Sell Licence","rel":"","context":"In "Duty Scrip Daily Rate"","img":{"alt_text":"daily meis rosctl rate","src":"https:\/\/i1.wp.com\/importexportlicence.com\/wp-content\/uploads\/2020\/08\/daily-rate.jpg?fit=1000%2C698&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2507,"url":"https:\/\/importexportlicence.com\/index.php\/2024\/02\/05\/meis-rosctl-rodtep-rate-05-feb-2024\/","url_meta":{"origin":1186,"position":5},"title":"MEIS & ROSCTL\/RODTEP Rate \u2013 05 FEB 2024","date":"February 5, 2024","format":false,"excerpt":"Today\u2019s rate: MEIS \u2013 97.50% to 98.35% RosCTL \u2013 96.50% to 97.50% New e-scrip ROSCTL\/RODTEP - 96.00 % to 98.10% Sell Licence","rel":"","context":"In "Duty Scrip Daily Rate"","img":{"alt_text":"daily meis rosctl rate","src":"https:\/\/i1.wp.com\/importexportlicence.com\/wp-content\/uploads\/2020\/08\/daily-rate.jpg?fit=1000%2C698&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/posts\/1186"}],"collection":[{"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/comments?post=1186"}],"version-history":[{"count":1,"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/posts\/1186\/revisions"}],"predecessor-version":[{"id":1188,"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/posts\/1186\/revisions\/1188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/media\/1187"}],"wp:attachment":[{"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/media?parent=1186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/categories?post=1186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/importexportlicence.com\/index.php\/wp-json\/wp\/v2\/tags?post=1186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}