declaration<\/strong> of the claim for RoDTEP in the shipping bill.<\/p>\n2.Once the Export General Manifest (EGM) is filed, the claim will be processed by Customs<\/strong>.<\/p>\n3.After processing the claim, a scroll with all individual Shipping Bills for the admissible amount will be generated and available<\/strong> in the user\u2019s account at the ICEGATE portal.<\/p>\n4.The exporter should log in<\/strong> to the ICEGATE portal and create a RoDTEP credit ledger account.<\/p>\n5.After the RoDTEP credit ledger account is created, the exporters can log in to their accounts and generate scrips<\/strong> by selecting the relevant shipping bills.<\/p>\n6.Once, the scrips are generated, the refund will be credited and reflected in the exporter\u2019s ledger account and will be available for utilization<\/strong> in payment of the eligible duties and during imports or for transfer to any other importers.<\/p>\nThe eligible export items, rates, and per unit value caps are being notified by the government in a series of notifications, which is following:<\/p>\n
\n- Notification No 19\/2015-20, dated 17.08.2021<\/li>\n
- Notification No. 04\/2015-20, dated 11.05.2022<\/li>\n
- Notification No. 12\/2015\u201020, dated 01.06.2022<\/li>\n<\/ul>\n
The tax refund rates range between 0.01% and 4.3% of FOB(Free On Board) of export value of nearly 8,700 products, based on the evaluation of average non-creditable taxes incurred by each product.<\/p>\n
So, Exporters shouldacquaint themselves with these norms and should always make a declaration while filling shipping bills to claim refunds on time!<\/p>\n
This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise. AKGVG & Associates does not intend to advertise its services through this.<\/strong><\/p>\nPosted by:<\/p>\n
CA Tarun Kapoor<\/p>\n
AKGVG & Associates<\/p>\n","protected":false},"excerpt":{"rendered":"
Refund has always been considered the most peculiarized feature of the GST regime. The mechanism of sanctioning refund is an essential process as it facilitates trade through the release of blocked funds.RoDTEP (Refund of duties and taxes on exported products) is one suchexport refund schemethat ensures that the exporters receive the refunds on the taxes…<\/p>\n","protected":false},"author":1,"featured_media":2806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gst-services"],"_links":{"self":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/2801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/comments?post=2801"}],"version-history":[{"count":5,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/2801\/revisions"}],"predecessor-version":[{"id":3338,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/2801\/revisions\/3338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/media\/2806"}],"wp:attachment":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/media?parent=2801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/categories?post=2801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/tags?post=2801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2022\/06\/WhatsApp-Image-2022-06-09-at-5.07.03-PM-1.jpeg\")
<\/p>\n