GST Refund Services

The Remission of Duties and Taxes on Exported Products or RoDTEP is a significant step toward supporting exporters with duty and tax relief. RoDTEP was introduced in 2020 to strengthen Indian exports by providing duty relief and improving refund processes. The RoDTEP initiative was to reduce the tax burden on exporters, enabling Indian products more attractive in international markets. Startup Club India is here to help you make GST refund easy. If you are looking for a GST refund RoDTEP in Delhi, then you have come to the right place. 

Key Features of the RoDTEP Scheme

Objective:

The scheme helps exporters recover various taxes, duties, and levies paid along the production and export cycle. The RoDTEP helps address a missing gap within export schemes and ensures exporters receive refunds on taxes and duties that are usually left out of other schemes.

Taxes and Levies Covered:

RoDTEP helps recover taxes built into the export process including:

• CGST or Central Goods and Service Tax
• IGST or Integrated Goods and Services Tax
• Customs duties on imported inputs

Exporters can get refunds on state and local taxes, and VAT, under this scheme which helps to ease the financial stress. It also enables them to recover taxes on fuel costs, which were earlier not eligible for refund.

Scope:

The program provides many benefits to export items including engineering goods, textiles, and agricultural products. This framework functions as a compensation system for exporters, covering a wide range of export sectors within India.

Refund Mechanism:

Exporters use the Indian Customs Department’s electronic system to submit their refund claims. The payment refund can be received either in the form of a duty credit or an electronic voucher. Exporters receive these credits for import duty payments and they can also transfer them to other businesses.

RoDTEP Rates:

RoDTEP refund rates are determined by the Government of India based on an evaluation of HS Codes for each export item. To determine the rates, the government of India regularly updates the evaluation process. These refund rates under RoDTEP aim to recover a majority of the indirect expenses included in the export process.

Eligibility Criteria

If any exporter wants to participate in the RoDTEP scheme then they must hold a registration status with the Directorate General of Foreign Trade (DGFT) and must meet all the required export regulations. Products listed under the Customs Tariff, along with newly announced products, qualify for the refund scheme.

Implementation

The DGFT oversees the RoDTEP scheme, ensuring that the Customs Department manages the processes of refunds. The refund process begins when exporters submit their export declarations.

Benefits of the RoDTEP Scheme:

The following are the benefits of the RoDTEP scheme:

• Boost export competitiveness

• Helps in reducing the tax burden
• Helps in simplifying the export process
• Encouragement for higher exports
• Increased transparency

The RoDTEP scheme plays an important role in strengthening Indian exports by reducing tax burdens and providing appropriate refunds. By simplifying the GST Refund RoDTEP in India, businesses can benefit from increased transparency and simplified processes. Startup Club India is here to help exporters understand a seamless GST refund process, making sure they increase their refunds with ease.