What is RoSCTL Duty credit scrip & RoDTEP Duty credit scrip scheme?

The full form of RoSCTL Duty Credit Scrip is Rebate of State & Central Taxes and Levies (RoSCTL) Scheme. It is an export incentive in the form of transferable and sellable duty credit scrips, offered on the basis of the FOB value of the export, specifically for made-up articles and garments. The scheme has greatly supported exporters across India’s key textile hubs like Tirupur, Panipat, Jaipur, Kanpur, and Muradabad, many of whom have been working since 1990, establishing strong roots in the garment manufacturing and export industry.

RoDTEP Duty Credit Scrip stands for Remission of Duties and Taxes on Export Products. It is a new scheme that came into effect on January 1st, 2021, replacing the MEIS (Merchandise Exports from India Scheme). This scheme ensures that exporters in cities like New Delhi, Mumbai, Chennai, Kolkata, Ahmedabad, Surat, Agra, and Varanasi receive refunds on embedded taxes and duties that were previously non-recoverable. With the goal of boosting export performance, particularly in regions where export volumes were previously low, RoDTEP offers much-needed support to small and medium exporters across India’s manufacturing hubs.