In the recent Circular No. 23/2021-Customs dated September 30, 2021, wherein the Central Board of Indirect Taxes and Customs (‘CBIC’) has specified the mechanism for issuance of e-scrips under RoDTEP scheme.
Mechanism
·
An
exporter will claim the incentive in shipping bill/bill of export at item
level.
·
Customs
Systems Directorate will initiate the process of grant of RoDTEP benefit based
on risk evaluation method. This is similar to processing of Drawback claims.
·
A
scroll will be generated having information of the shipping bill and the amount
of duty scrip allowed.
·
The
exporter has the option to generate e-scrips within one year of generation of
scroll. Else, the available duty credits in each scroll shall be combined
Customs station-wise and sent by the Customs System to the e-ledger of the said
exporter as an e-scrip.
·
The
exporter has the option of combining duty credits available in a scroll or a
number of scrolls at the particular customs station of export and generate an
e-scrip in the exporter’s electronic ledger.
·
Notable
that the e-scrip is valid for a period of 1 year from its generation in the
ledger. Post such 1 year, any duty credit shall lapse.
·
E-scrips
shall be freely transferrable in full i.e. no part transfer is allowed.
Further, the validity of aforesaid 1 year shall not change on account of any
transfer.
·
Each
e-scrip will carry a unique ID and date of its creation. All transactions made
in the ledger of an IEC through credit, debit or transfer of duty credit shall
be visible to the said IEC holder and Customs. Once an e-scrip is generated in
the ledger, it will be registered automatically with the Customs station of
export.
| Remarks
·
It is true that RoDTEP rates are peanuts. However, the above
mechanism, prima facie, is looking smoother than the MEIS wherein the
exporters had to apply through DGFT portal and wait for months to get it.
·
The RoDTEP mechanism ensures security of the e-scrips unlike
manual processing of MEIS couple of years ago wherein many fraudulent
transactions took place.
It is also expected that the above mechanism will be able to
automatically cater to situations of amendment in shipping bills/bill of
exports and consequent claims thereof. Currently, for MEIS, the amendment of
shipping bill is a huge task for exporters
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