Govt to extend all export assistance to e-commerce exports : CBIC Chairman

NEW DELHI : The 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,VivekJohri said.

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 exportersinabigway.

“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 said. According to the foreign trade policy, India’s e-commerce export is estimated to reach

USD200billion–USD300billionby2030.

E-commerce exports are orders placed and processed onlinefromcustomerslocatedinforeigncountries.

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 & CentralTaxesandLevies(RoSCTL),hesaid.

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 orremittedtoexporters.

The scheme refunds the embedded central, state and local taxes to exporters. The rebate, implemented in 2021, isissuedasatransferableelectronicscripbyCBIC.