IGST REFUND
IGST Refund on Export – A Complete Guide for Exporters.
The Integrated Goods and Services Tax (IGST) refund on export is a crucial mechanism in the Indian GST regime aimed at ensuring that exports remain zero-rated and competitive in the international market. When exporters pay IGST on inputs or input services used in export products or on goods cleared for export from an inland container depot (ICD), they become eligible to claim a refund of the IGST paid, making exports free from cascading tax effects. Read More…
DUTY DRAWBACK REFUND
Duty Drawback (DBK) Refund on Export – Enhancing Export Competitiveness.
Duty Drawback (DBK) is an export incentive mechanism provided by the Government of India under the Foreign Trade Policy (FTP) and detailed in the Handbook of Procedures (HBP). It allows exporters to claim refunds on customs and excise duties paid on imported inputs or raw materials used in manufacturing exported goods. Read More…
RODTEP SCRIP SALE-PURCHASE
RODTEP Scheme on Export – Boosting India’s Export Competitiveness.
The Remission of Duties and Taxes on Exported Products (RODTEP) scheme is a vital export incentive launched by the Government of India on January 1, 2021, as part of the Foreign Trade Policy (FTP). It was introduced to replace the earlier Merchandise Exports from India Scheme (MEIS) to comply with the World Trade Organization (WTO) regulations by providing refunds on embedded taxes and duties not exempted or refunded under any other mechanism. Read More…
COO (FTA, PTA, CECP,GSP)
Certificate of Origin (COO) Registration – Gateway to Trustworthy International Trade.
The Certificate of Origin (COO) is a vital international trade document certifying the country in which the goods being exported were manufactured or produced. COO registration is the process by which a business becomes authorized to issue or obtain certificates that attest to the origin of their exported products. Read More…
EDPMS/IDPMS CLOSURE
EDPMS/IDPMS Closure on Export – Ensuring Seamless Export Transactions.
EDPMS (Electronic Data Processing and Monitoring System) and IDPMS (Import Data Processing and Monitoring System) are specialized trade-related electronic systems mandated by the Reserve Bank of India (RBI) for monitoring export and import transactions. Established under RBI’s regulatory framework, these systems ensure transparent tracking of inbound and outbound shipments linked with banking and customs data. Read More…
RCMC RETURNS
RCMC Returns – Ensuring Compliance for Export Excellence.
The Registration Cum Membership Certificate (RCMC) is issued by Export Promotion Councils (EPCs) and Commodity Boards in India and serves as certification of membership for exporters within specific product segments. An integral component of India’s export regulation system, RCMC is mandated by the Directorate General of Foreign Trade (DGFT) under the Foreign Trade Policy (FTP) and Handbook of Procedures (HBP). Read More…