Remission of Duties and Taxes on Exported Products: an Indian export incentive.
It refunds embedded taxes as transferable e-scrips, claimed through the shipping bill at notified rates.
Related terms
- Drawback — A refund of customs duty paid on imported inputs used to make exported goods.
- E-BRC — Electronic bank realisation certificate: proof that export payment was received.
- Shipping bill — The export declaration filed with Indian customs before goods leave India.