Govt to extend all export assistance to e-commerce couriers, says CBIC chief

New Delhi, July 21 (KNN) The central government is likely to extend all export benefits, including the duty drawback scheme and Remission of Duties and Taxes on Exported Products (RoDTEP) facility to e-commerce exports made via the courier mode, the Central Board of Indirect Taxes & Customs (CBIC) Chairman, Vivek Johri told Moneycontrol.

He said this will aid MSME exporters and shared that for e-commerce, (there is) one more initiative is being planned on the customs side, which will help MSME exporters in a big way.

“We are looking at how we can improve the courier portal, which is completely digitised, to enable disbursal of export benefits. We have started working on it, thinking about the best way to do it,” Johri told Moneycontrol.

According to the foreign trade policy, India’s e-commerce export is estimated to reach USD 200 billion – USD 300 billion by 2030.

E-commerce exports are orders placed and processed online from customers located in foreign countries.

Many businesses are increasingly looking at e-commerce exports as an alternative to increase their business. Currently, export of goods using a courier does not get export benefits of RoDTEP, duty drawback and Rebate of State & Central Taxes and Levies (RoSCTL), he said.

RoDTEP is based on the globally accepted principle that taxes and duties should not be exported, and taxes and levies borne on the exported products should be either exempted or remitted to exporters.

The scheme refunds the embedded central, state and local taxes to exporters. The rebate, implemented in 2021, is issued as a transferable electronic scrip by CBIC.  (KNN Bureau)