Managing RODTEP Scrips

This document provides a step-by-step guide to manage RODTEP (Remission of Duties and Taxes on Exported Products) scrips effectively, including processes for maintaining stock, recording transactions, and managing scrip attributes.

1. Create Export Invoice

• Go to Sales > Invoice > New Invoice.
• Choose Invoice Type > Export with Tax Payment / Export without Tax Payment (bond/LUT)
• Prepare an export invoice for every shipment.
• Include the following details:
  • Exporter and consignee information.
  • Invoice number and date.
  • Exchange rate
  • Description of goods, quantity, and value.
  • Applicable HS Code and terms (FOB/CIF).
  • Port of loading and destination.

2. Record Shipping Bill for the Export Invoice

• Link the Shipping Bill to the corresponding export invoice.
• Click Invoice Action menu > Shipping Bill.
• Include these details:
  • Shipping Bill number and date.
  • Port of export and mode of shipment.
  • Export value and quantity.
  • Scheme under which benefits are claimed (e.g., RODTEP).

3. Create Scrolls for Incentives, Drawback, and RODTEP

• Once the Shipping Bill is processed by customs, generate scrolls for:
  • Export incentives.
  • Duty drawback.
  • RODTEP credits.
• Record the scroll details, including:
  • Scroll number and date.
  • Amount of benefit under each scheme.

4. Create Receipts for Incentives and Drawback

• When the incentive or drawback amount is credited to your bank account:
  • Record the receipt in your financial records.
  • Link the receipt to the respective scroll.
• Details to capture:
  • Scroll reference.
  • Amount received.
  • Bank account details.

5. Convert Scrolls to Scrips and Maintain RODTEP Stock

• If required, convert the scroll to a scrip.
• Record the scrip details in the RODTEP stock ledger:
  • Scrip number.
  • Scrip issue date.
  • Expiry date.
  • Value of the scrip.
• Maintain a clear ledger to track:
  • Available balance.
  • Utilization history.

6. Purchase Scrips from Vendors

• If additional scrips are needed, purchase them from authorized vendors.
• Record the purchase details:
  • Vendor name and contact.
  • Scrip attributes (number, issue date, expiry date, value).
  • Purchase price and payment details.

7. Sale of Scrips

• If excess scrips are available, sell them to other exporters or vendors.
• Record the sale details:
  • Buyer information.
  • Scrip attributes (number, issue date, expiry date, value).
  • Sale price and payment receipt.
• Update the stock ledger to reflect the transaction.