The exporters are surprised by the kind of details and declaration called for in the annual Rodtep return (ARR) required to be furnished before March 31 of the next year.
The Rodtep scheme, introduced in 2021, intends to rebate duties/taxes/levies, at the Central, State and local level, borne on the exported product, including prior stage cumulative indirect taxes on goods and services used in the production of the exported product and in respect of distribution of exported product, that are not refunded through any other scheme.
Under the scheme, exporters get duty credits at a notified percentage rate of FOB value of exports that can be utilised for payment of basic customs duties on imported goods.
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