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Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme Benefits, Eligibility, Need And All Details

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RoDTEP

Remission of Duties and Taxes on Exported Products: Exporters can get reimbursements on duties and taxes that aren’t excluded or repaid under either programme there under RoDTEP Program.

Exporters will get reimbursements for relatively non-embedded taxes and levies under the plan. The program’s main goal is to increase the volume of items that are exported. Commodity Production from India Plan is essentially replaced by this scheme. The programme offers reimbursements on National, District, and Regional taxes, levies, and fees that are not covered by every other duty reduction scheme.

The RoDTEP programme combines the MEIS as well as the Rebate of State and Central Taxes and Levies schemes. Refunds would be sought as a proportion of the Transportation On Onboard share of output under this plan.

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RoDTEP Scheme Requirements

RoDTEP
RoDTEP

In 2018, the US filed a World Trade Organization complaint against five Indian export state subsidies (WTO).

The five concepts were as follows:

EOU (Electronics Hardware Technology Parks)
MEIS (Merchandise Export from India Scheme)
SEZ (Special Economic Zone)
EHTP (Electronics Hardware Technology Parks)
Export Promotion Capital Goods (EPCG)

The WTO concluded in October 2019 that these programmes violate WTO accords prohibiting foreign goods. The WTO committee suggested that perhaps the Indian government discontinue these programmes.

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RoDTEP Advantages

Because it is WTO-compliant, the RoDTEP system may effectively distribute governmental advantages to producers.

The programme is more comprehensive in that it includes taxes which were not addressed under the history is the history, such as educational cess and state income taxes on petroleum, electricity, and water.
It will boost foreign market competitiveness by ensuring cost cost-effectiveness of the government.
It will also assist manufacturers in meeting international requirements and expanding their businesses.

Issues with RoDTEP

When other techniques such as EOU, Advanced Clearance, Jobbing, and others have been used, the use of RoDTEP has indeed been disallowed. YOU, Advance Approval, Jobbing, and other programs. Only certain excise duties charged on inputs required for the manufacture of products exported (the essential ones) are reimbursed, not all tariffs, charges, or taxes incurred across the supply chain.

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RoDTEP Scheme Eligibility

The eligibility to claim compensation under the system is discussed in the following section.

The program will apply to all industries. Priority will be given to labour-intensive industries.
Both mercantile exporters (traders) and producer exporters (manufacturers) are permitted.
The program has no turnover requirements for receiving benefits.
This programme does not apply to re-exported goods.
To qualify for incentives under the program, major exports must have India as their point of origin.

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Subhashree Panda: A proficient content writer, editor, and researcher. With 4 years of experience and an MBA in finance, she crafts compelling narratives on global events. Her passion for diverse journalism genres resonates widely, fostering broad audience connections.

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Video of Isha Arora, Saharanpur Polling Agent Takes the Internet By Storm 

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Video of Isha Arora, Saharanpur Polling Agent taking the internet by storm 

A video is currently going viral on the internet, showing Saharanpur polling agent Isha Arora doing the rounds in the Gangoh assembly constituency during the Saharanpur Lok Sabha elections. Since then, netizens have been going gaga over her charm and personality.

Meanwhile, many are curious to know more about her. A wide range of memes and reels are also being shared on Twitter and Instagram.

According to social media, Isha Arora is a State Bank of India (SBI) employee, currently employed on polling duty for the Saharanpur Lok Sabha Election 2024 in Madari village of the Gangoh assembly constituency.

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Video of Isha Arora dominates the internet

There she serves as the first polling officer at Garhi village’s polling booth. It got to a point that national news agencies were trying to get her on camera.

Many of Isha Arora’s photos and videos are circulating on various social media platforms, generating millions of clicks and views. While talking to ANI, she stated:

“I think that if you get any duty, you should be punctual and that’s the reason I have assumed my duty on time. Every man and woman should be punctual to let the functioning be smooth.” 

On being asked about her election duties, she said:

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“I’ll say that people should be punctual and they are, otherwise conducting such big elections wouldn’t have been possible. I didn’t get time to watch it (comments) in the video. It’s election time and it was my duty to come on time hence I was busy. It goes viral due to my punctuality and devotion…” 

Back in 2019, during the Lok Sabha elections, a clerk from the Public Works Department in Lucknow, Reena Dwivedi, gained national media attention because of her beauty. Her pictures in a yellow saree on duty went viral on various social media platforms.

Also Read: Hareem Shah Addresses Trolls After Her MMS Video Leak

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Raj Kundra ED Case Explained: Properties Worth Rs 98 Cr Seized 

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Raj Kundra ED Case Explained: Properties Worth Rs 98 Cr Seized 

Raj Kundra, the famous businessman and husband of Bollywood actress Shilpa Shetty, has had properties worth Rs. 98 crore seized by the Enforcement Directorate.

The ED has also seized Shilpa Shetty’s Juhu flat. The Mumbai Zonal Office has seized movable and immovable properties worth Rs. 97.79 crore belonging to Raj Kundra (also known as Ripu Sudan Kundra) under the Prevention of Money Laundering Act (PMLA), 2002, as reported by The Economic Times.

The seized properties include equity shares in Raj Kundra’s name, a residential bungalow situated in Pune, and a flat in Juhu under Shilpa Shetty’s name.

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The investigation was initiated by the ED based on multiple FIRs registered by the Delhi Police and Maharashtra Police.

The FIRs were registered against several MLM agents: Mahender Bhardwaj, Simpy Bhardwaj, Vivek Bhardwaj, Ajay Bhardwaj, the late Amit Bhardwaj, and M/s Variable Tech Pte Ltd.

According to News18, allegations prevail that they collected funds worth Rs. 6,600 crore in 2017 in the form of Bitcoins. Moreover, they falsely promised a 10 percent return per month in the form of Bitcoins.

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Investors were led to believe they would get higher returns on crypto assets, and the Bitcoins were purportedly taken to be used for Bitcoin mining in Ukraine. However, the promoters cheated the investors.

The promoters concealed the “ill-gotten Bitcoins in obscure online wallets.”

Investigation on Raj Kundra and Other Suspects 

The ED investigation into Raj Kundra revealed that he received 285 Bitcoins from Amit Bhardwaj, the mastermind.

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As the deal didn’t materialize, Raj Kundra still possesses 285 Bitcoins, worth Rs. 150 crore at present value, as per Mint.

In this case, Nikhil Mahajan was apprehended on January 1, 2023, Nitin Gaur on December 29, 2023, and Simpy Bhardwaj on December 17, 2023. Currently, all three of them are in judicial custody. 

However, the masterminds, Mahendra Bhardwaj and Ajay Bhardwaj, are yet to be caught. 

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Further investigation in the case is under progress.

Also Read: Petition Against Cody Roberts Demands Felony Charges For Killing Wolf

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Karnataka Congress Leader’s Daughter Neha Murdered by Fayaz on College Campus, Suspected Arrested 

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Karnataka Congress Leader's Daughter Neha Murdered by Fayaz on College Campus, Suspected Arrested 

Neha, 23, was the daughter of Niranjan Hiremath, a Congress Corporator who was brutally stabbed to death. She was murdered inside her college campus in Hubballi, Karnataka by her former classmate.

The accused has been identified as 23-year-old Fayaz Khondunai, who is currently in judicial custody for 14 days.

Neha was studying at BVB College (KLE Technological University) and was in her first year of MCA (Masters of Computer Applications).

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This incident was captured by the CCTV cameras installed on the college campus. The footage shows how Neha was repeatedly stabbed by Fayaz with a knife.

The horrific incident took place at 4:30 pm when the victim completed her first semester exams and was returning.

The accused, Fayaz, belongs to Savadatti taluk in Belagavi district. According to reports by Opindia, Neha and Fayaz were friends during their bachelor days.

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However, both Neha’s parents and the college management opposed their friendship. Thus, Neha distanced herself from Fayaz.

Police consider that this stabbing incident occurred due to their strained relationship.

For this reason, Neha was asked by her parents not to even attend college.

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What Happened To Neha?

Fayaz confronted Neha when she came to appear for first-semester MCA exams. This escalated into a physical brawl in which Fayaz punched and then stabbed her multiple times. Then he left the scene.

However, some students tried their best and handed the culprit to Vidyanagar police.

Neha was immediately sent to the Karnataka Institute of Medical Sciences (KIMS) Hospital by the students and college authorities. However, she was pronounced dead upon arrival.

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Also Read: Did Mahua Moitra say “Sex” or “Eggs” In The Viral Video? The Person Who Asked Her Clarified

As per reports by OneIndia, Fayaz had been keeping track of Neha’s whereabouts ever since she rejected his proposal.

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