What is RoDTEP Scheme? The RoDTEP (Remission of Duties and Taxes on Export Products) came in effect from 1st January 2021 by replacing the earlier scheme MEIS which was not compliant with WTO norms. The newly launched RoDTEP Scheme is WTO compliant policy, the exporters can get the refund of all embedded duties/taxes on...
What is a Certificate of Origin (CoO) for export? A Certificate of Origin is the document that declares that goods in the export shipment are manufactured or produced in a particular country. The nationality of the product is mentioned in the certificate of origin. The Customs officials require the Certificate of Origin (CoO) for...
Bank Guarantee(BG) under EPCG As we all know that the guarantee term means giving something as security and a Bank guarantee is when a bank gives the guarantees/surety for the business obligation on behalf of their customers within certain regulations. Thus under EPCG Scheme, the Bank guarantee is the financial instrument/guarantee given by the...
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