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Attn Exporters!! - RoDTEP Annual Return Alert (ARR) 🚨

For exporters receiving RoDTEP scrip benefits from DGFT, there’s an essential update you need to know - Public Notice No. 27 /2024-25 New Delhi, Dt. 23rd October, 2024

💬 Background: The RoDTEP scrip replaced the MEIS from January 2021 to offset non-creditable local duties like VAT for exporters.

✨ What’s New? Starting FY 2023-24, an Annual RoDTEP Return (ARR) must be filed by March 31 of the next financial year.

🌐 Why this? To ensure consistent, accurate RODTEP data for India’s export incentive justification at the WTO, strengthening support and sustainability for exporters globally.

🫵🏻 Who Must File? Exporters who receive over 1 crore in RoDTEP benefits in a financial year. Missing this deadline may result in benefit discontinuation.

🤔 Consequences? Filing ARR ensures your RoDTEP benefits remain active. Without it, benefits will pause and can only be revived by paying a composition fee of Rs.10,000 upto 30th June and Rs.20,000 thereafter.

📊 Data Maintenance: You’ll need to maintain ARR data for five financial years, as DGFT can review it anytime.

Don’t miss this crucial filing to keep your benefits uninterrupted! Data accuracy is the key, hence, for complex data reporting, seek professional assistance if required .

For a quick breakdown, watch our video.

For a handy list of understanding, refer to our update - https://www.linkedin.com/posts/ggsh_e...

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