The Directorate General of Foreign Trade (DGFT) on October 04, 2024, issued the Clarification on RCMC Requirements for Post-Export Remission-Based Schemes under FTP 2023.
The following has been stated:
• Requirement of RCMC:
As per Para 2.57 of FTP 2023, an RCMC is mandatory for exporters applying for an Authorisation to import/ export under the FTP (except items listed as 'Restricted' items in ITC (HS)) or applying for any other benefit or concession under FTP. These above-noted measures are distinguished from post-export remission-based schemes.
• Post-export Remission-Based Schemes:
Schemes such as Duty Drawback.
Rebate of State and Central Taxes and Levies (RoSCTL), and Remission of Duties and Taxes on Export Products (RoDTEP) fall under the category of remission-based schemes. These schemes are aimed at remitting duties or taxes on exported goods.
• No RCMC Required:
For the aforementioned remission-based schemes, the requirement of an RCMC does not apply. Exporters can claim benefits under these schemes without obtaining an RCMC.
[Notification No 19/2024-25]
