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RoDTEP Scheme gets implemented Effective from 1st January, 2021   Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme gets implemented from 01.01.2021!  Taking a major step to boost exports, Government has decided to extend the benefit of the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) to all export goods with effect from 1st January, 2021. The RoDTEP scheme would refund to exporters the embedded Central, State and local duties/taxes that were so far not being rebated/ refunded and were, therefore, placing our exports at a disadvantage.   The refund would be credited in an exporter’s ledger account with Customs and used to pay Basic Customs duty on imported goods. The credits can also be transferred to other importers.   The RoDTEP rates would be notified shortly by the Department of Commerce, based on the recommendation of a Committee chaired by Dr. G.K. Pillai, former Commerce and Home Secretary.  The final Report of the Committee is expe

The deadline extended to June 1, 2021!   Yet the government bureau has not issue any official release & the minister’s official website also does not placed any such information yet the authentic media sources cited Consumer Affairs Minister Ramvilas Paswan said on Monday, “In the wake of the coronavirus pandemic, the government has extended an earlier deadline for mandatory hallmarking of gold jewellery and artefacts by four months!”   Previously, the Ministry had ordered and published in the Gazette, January 2020 that said: S.O. 205(E). In exercise of the powers conferred by sub-section (3) of section 14 read with sub-section (2) and (3) of section 15 and sub-section (1) and (2) of section 16 read with section 17 and sub-section (3) of section 25 of the Bureau of Indian Standards Act, 2016 (11 of 2016), the Central Government, after consulting the Bureau of Indian standards, is of the opinion that it is necessary or expedient so to do in the public interest, hereby makes the f