How to claim your RoDTEP benefits - step by step process in the video

#consultkriba #RSM #exports #rodtepupdate #newmeisscheme
If you are an exporter looking for guidance on the best tools, market conditions, and network for your export business growth, Join our upcoming Exports Sales Strategy Session using the link: www.consultkri...
RoDTEP claim - necessary changes in the system have also been made to accept and process RoDTEP claims.
A step-by-step process for claiming rodtep scheme
2021 - the exporters must indicate in their shipping bill whether or not they intend to claim rodtep on the export items.
Firstly, the exporters should declare a claim in the shipping bill in the following format
“I/We, in regard to my/our claim under RoDTEP scheme made in this Shipping Bill or Bill of Export, hereby declare that:
1. I/ We undertake to abide by the provisions, including conditions, restrictions, exclusions, and time-limits as provided under the RoDTEP scheme, and relevant notifications, regulations, etc., as amended from time to time.
2. Any claim made in this shipping bill or bill of export is not with respect to any duties or taxes or levies that are exempted or remitted or credited under any other mechanism outside RoDTEP.
3. I/We undertake to preserve and make available relevant documents relating to the exported goods for the purposes of audit in the manner and for the time period prescribed in the Customs Audit Regulations, 2018.”
As part of customs formalities, the carrier in charge or agent submits the Export General Manifest (EGM) as the proof of export to the customs authority.
Once this is processed, a scroll with all individual Shipping Bills for the admissible amount will be generated and made available in the user's account at ICEGATE.
Then, you can create a RoDTEP credit ledger account under the Credit Ledger tab if you had registered your IEC on ICEGATE using DIGITAL SIGNATURE CERTIFICATE.
Points to remember:
• RODTEP is operationalized from 01.01.2021
• The final list of RITC codes is yet to be announced by the Government as of 04th Jan 2021
• The declarations in the SW_INFO_TYPE Table of the Shipping Bill for each item:
INFO TYPE = DTY, INFO QFR = RDT, INFO CODE = RODTEPY - If RoDTEP is availed, RoDTEPN - if not availed. INFO MSR = Quantity of the items in Statistical UQC as per the Customs Tariff Act for that item RITC, INFO UQC = UQC for the Quantity indicated in INFO_MSR
• If RODTEPY is claimed in INFO CODE, a declaration has to be submitted in the Statement Table of the Shipping Bill as STATEMENT TYPE = DEC, STATEMENT CODE = RD00
• If you miss claiming RODTEPY specifically in the shipping bill, RODTEP will not accrue to you
• Though the RITC yet to be notified, you must indicate the intent for the claim at the time of the Shipping Bill filing itself. Once the rates are notified, the System would automatically calculate the RoDTEP amounts for all the items where RODTEPY was claimed.
• No changes in the claim will be allowed after the filing of the EGM.
• The benefit is processed completely through the in-built software. If you are availing of benefits under other schemes like Advance Authorization, EOU, and Jobbing, the RODTEP cannot be availed even if the claim is made in the shipping bill. The software automatically checks the inbuilt system to disallow the RoDTEP benefit.
• The customs officer can intervene based on Risk-based targeting by RMS, generate the RoDTEP scroll, and suspend any RoDTEP scrip.
• It is mandatory for Indian exporters to register in the ICEGATE using DSC for availing of the benefits.