About RoDTEP

• The government introduced the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme with an objective to neutralize the taxes and duties suffered on exported goods which are otherwise not refunded in any manner. It was introduced in 2021.
• This scheme reimburses currently un-refunded Central, State, and Local taxes and duties incurred in the process of manufacture and distribution of exported products.
• RoDTEP is a World Trade Organization (WTO) compliant Scheme and follows the global principle that the taxes/duties should not be exported, they should be either exempted or remitted to exporters, to make the goods competitive in the global market.
• Major components of taxes covered are electricity duty, value-added tax (VAT) on fuels used in transportation/ distribution, mandi tax, stamp duty, etc. 
• The rebate is issued as a transferable electronic scrip by the Central Board of Indirect Taxes & Customs (CBIC) in an end to end IT environment.
• Rebates under the Scheme are not available in respect of duties and taxes already exempted or remitted or credited.

Why in News?

• The U.S. and the European Union have imposed countervailing duties (CVDs) on four Indian products, as a retaliation against the Remission of Duties and Taxes on Export Products (RoDTEP) scheme introduced for outbound shipments in January 2021.
  • Countervailing duties are duties imposed by nations that are intended to offset, or “countervail,” the price effect of significant foreign government subsidies on a product or good.

https://www.thehindu.com/business/rodtep-us-eu-slap-countervailing-duties-on-four-indian-goods/article67635019.ece#:~:text=The%20products%20for%20which%20countervailing,EC)%2C%20Minister%20of%20State%20for