by Neha Sharma | Sep 2, 2025 | Scrip Transfer
ICEGATE scrip transfer has become the most reliable and compliant way for importers and exporters in India to trade and utilize duty credit scrips such as RODTEP and ROSCTL. By routing every transaction through the Indian Customs Electronic Gateway (ICEGATE), businesses ensure that their customs duty payments are legally recorded, transparent, and audit-proof. For importers, this means reducing costs by applying duty credit scrips directly against customs duty liabilities. For exporters, it creates a secure channel to sell unused scrips at competitive prices without relying on informal brokers. In this guide, we’ll walk you through the complete process of buying, selling, and applying scrips online—so you can stay DGFT-compliant and maximize savings on international trade.
Why This Guide Is Important
In India’s growing trade economy, saving on customs duty or quickly obtaining export incentives can make a big difference. That’s why RODTEP and ROSCTL duty credit scrips are such useful financial tools.
Still, most importers and exporters use old, offline ways to trade these scrips, which can cause delays, compliance issues, or trust issues.
This guide is the only place you need to go to learn about:
✓ What are RODTEP and ROSCTL scripts? How to buy or sell them on the internet, How to use ICEGATE scrip transfer to stay legal, Why sites like IBRLIVE.com are changing the way this works
Get Duty Credit Scrips on IBRLIVE
What are RODTEP and ROSCTL scrips?
What you need to know about DGFT Duty Credit Scrips
The Directorate General of Foreign Trade (DGFT) gives out duty credit scrips as incentives for Indian exports. These scrips are:
- Can be sold on the open market (tradable)
- Can be used to pay customs duties on imports
- Only good for a short time
There are two main kinds of DGFT scrips that people use:
✅ RODTEP (Remission of Duties and Taxes on Exported Products)
- Took the place of the old MEIS scheme
- Covers taxes and duties at the federal, state, and local levels that other programs don’t pay back
- Given as a percentage of the FOB value
✅ ROSCTL (Rebate of State and Central Taxes and Levies)
- Originally for the clothing and textile industries
- Now spread to other areas
- Not related to GST refund requests
Why should you trade scrips online?
People used to trade these scrips over the phone, in WhatsApp groups, and through informal agents, which made the process:
❌ Dangerous ❌ Slow ❌ Not in compliance
Today, sites like IBRLIVE.com let you:
- Get RODTEP scripts online in a matter of minutes.
- Sell ROSCTL scripts to verified buyers for the best price.
- Make sure that ICEGATE is set up for transfers and instant payments.
- Always follow DGFT rules to the letter
What is the ICEGATE Scrip Transfer?
ICEGATE, or Indian Customs Electronic Gateway, is the online system used by Indian Customs. This is the only government-approved way to record scrip transfers that are legally valid.
A transfer of ICEGATE scrip includes:
✅ Sending in information about how to use scrip online
✅ Updating the scrip ledger (moving it from the seller to the buyer) Making digital proof of the transfer
Without ICEGATE verification, any scrip transaction can be questioned during an audit or when customs is processing it. Because of this, any platform that lets people trade scrip must be ICEGATE-integrated.
Step-by-Step Guide to Buying RODTEP Scrip Online
Want to pay customs duty with RODTEP scrips instead of cash or RTGS?
You can buy RODTEP scrips online through an ICEGATE-compliant site like IBRLIVE.COM Here’s how:
Step 1: We share Invoice, Undertaking & Transfer Letter.
Step 2: You make payment via RTGS/NEFT.
Step 3: Immediate e-scrip transfer to your ICEGATE account.
Step 4: We courier original documents to your address.
How to Sell ROSCTL Scrip for the Best Price
Do you have any unused duty credit scrips? Instead of waiting for slow agents or buyers you can’t trust, use a site like IBRLIVE to sell right away and safely.
Step 1: Transfer your RODTEP/ROSCTL e-scrips via ICEGATE.
Step 2: Share Invoice, Undertaking & Transfer Letter copy.
Step 3: Receive instant payment via RTGS/NEFT.
Step 4: Courier original documents to our office.
Key Benefits of Using an Online Platform
|
|
| Benefit |
Offline Brokers |
IBRLIVE (Online) |
| Speed |
Slow (days) |
Fast (minutes–hours) |
| Compliance |
Risky |
DGFT + ICEGATE Compliant |
| Pricing |
Not Competitive |
Best Rates |
| Payment |
Delayed |
Instant via online modes |
| KYC |
Optional |
Mandatory for All Users |
|
Follow DGFT and GST rules
- ICEGATE keeps track of every scrip transfer.
- Automatic GST invoices ensure your safety during audits.
- All transactions can be traced and are legal.
Who Can Use This Platform?
Importers:
- can use it to offset customs duties without blocking working capital.
- Quickly, legally, and cheaply get scrips
Exporters:
- Make money right away with duty credit
- Don’t fall for scams or low offers.
Customs Agents / CHA
- Help customers buy or sell duty scrips with ease
- Make your services more valuable
Testimonials
“We used to depend on agents and phone calls. We can now buy scripts online in less than 15 minutes and get ICEGATE confirmation. “It changes the game.”
– Ankit Mehra, who brings in goods
“IBRLIVE helped us sell our ROSCTL scripts to real buyers, get paid right away, and stay 100% compliant.”
— Sana Kapoor, who sells clothes
Tips from the Pros:
- Always check the expiration date on the script before you buy it.
- Use an escrow account to trade safely.
- To avoid legal problems, use platforms that work with ICEGATE. Keep copies of transactions for audit protection.
Last Thoughts
RODTEP and ROSCTL scripts are great tools for exporters who want to free up cash and importers who want to save on customs duty. But only if the trade is open and follows the rules.
That’s why duty credit trading will be done on platforms like IBRLIVE.com, which is India’s first fully online, DGFT-compliant, and ICEGATE-integrated scrip marketplace.
by Neha Sharma | Mar 6, 2025 | Blog
In today’s interconnected global economy, staying updated with live currency exchange rates is paramount, especially when dealing with the ever-fluctuating dynamics between the US dollar and the Indian rupee. For those seeking real-time insights into the dollar to rupee live exchange rate, IBRLive emerges as the ultimate solution, offering unparalleled accuracy and reliability without the dreaded 60-second delay commonly found elsewhere.
Dollar to Rupee Live Rates: Their Significance
For those involved in global trade, investments, and financial transactions, both individuals and businesses, the dollar to rupee live exchange rate is crucial. One of the most frequently traded currency pairs worldwide, changes in the USD/INR rate can have a significant impact on several different economic sectors.
-
International Trade:
For businesses involved in importing and exporting goods and services between the United States and India, the dollar to rupee live exchange rate directly impacts the cost of transactions. A favorable exchange rate can enhance competitiveness in international markets, while unfavorable rates may lead to increased costs and reduced profitability.
-
Investment Opportunities:
Investors and financial institutions closely monitor the dollar to rupee exchange rate to identify lucrative investment opportunities. A strengthening rupee relative to the dollar may attract foreign investment inflows into India, stimulating economic growth and capital formation. Conversely, a depreciating rupee may prompt investors to reconsider their investment strategies and asset allocation.
-
Economic Indicators:
A vital sign of the general stability and well-being of the Indian economy is the exchange rate between the US dollar and the Indian rupee. To evaluate variables like inflation, trade balances, the efficacy of monetary policy, and external vulnerabilities, central banks, decision-makers, and market analysts examine changes in exchange rates. Variations in the USD/INR exchange rate can impact macroeconomic policies and forecasts.
IBRLive: Your Trusted Source for Real-Time Exchange Rates(dollar to rupees exchange rate live)
In the dynamic landscape of currency markets, having access to live exchange rates is essential for making informed decisions and managing currency-related risks effectively. IBRLive emerges as the preferred choice for individuals and businesses seeking reliable and accurate dollar to rupee live rates. IBRLive sets itself apart by providing live currency exchange rates without any 60-second delay, ensuring users have access to the most current and accurate information at their fingertips. With IBRLive, you can make informed decisions swiftly, reacting promptly to market fluctuations and maximizing your financial outcomes.
With IBRLive users benefit from:
Instant Updates:
Stay updated with real-time exchange rate fluctuations, enabling timely decision-making and execution of currency transactions.
User-Friendly Interface:
IBRLive’s intuitive platform provides easy navigation and access to a wealth of currency-related information, empowering users to track exchange rates effortlessly.
Comprehensive Coverage:
IBRLive offers coverage of a wide range of currency pairs, including the dollar to rupee (USD/INR) pair, ensuring users have access to the latest exchange rate data for their currency needs.
Reliability and Accuracy:
IBRLive prides itself on delivering accurate and reliable exchange rate information, with no 60-second delay, allowing users to trust the data and insights provided.
Customizable Features:
IBRLive offers customizable features such as rate alerts, historical data analysis, and currency conversion tools, catering to the diverse needs of individual users and businesses.
Introducing Fxpress Standard: Your Gateway to Live Interbank Exchange Rates(dollar to rupees exchange rate live)
At the core of IBRLive’s offerings lies Fxpress Standard, a robust product designed to meet the diverse needs of individuals and businesses alike. Let’s delve into some of its key features:
Live Interbank Exchange Rates:
Fxpress Standard offers access to real-time interbank exchange rates, allowing users to track the dollar to rupee live rates with unparalleled precision.
Cash Tom Spot Rates:
Stay updated with cash Tom Spot rates, facilitating seamless transactions and reducing uncertainty in currency exchanges.
Monthly & Broken Date Forward Rates:
Plan and mitigate risks by accessing monthly and broken date forward rates, empowering you to make strategic financial decisions.
Currency Forecast:
Gain valuable insights into future currency trends with Fxpress Standard’s currency forecasting capabilities, enabling proactive decision-making.
Currency Calculator:
Calculate conversions effortlessly with IBRLive’s intuitive currency calculator, simplifying complex currency exchanges.
Historical Rates:
Access historical exchange rate data to analyze trends and effectively inform your future strategies.
Day Opening and Closing SMS:
Receive timely notifications regarding day opening and closing rates via SMS, ensuring you’re always in the loop.
Forward Contract Management Tool:
Manage forward contracts efficiently and mitigate currency risk with IBRLive’s comprehensive management tool.
Set personalized rate alerts and receive notifications when your desired exchange rate is reached, empowering you to seize favorable opportunities.
RPC & PCFC Management Tool:
Streamline RPC (Resident Foreign Currency) and PCFC (Pre-Shipment Credit in Foreign Currency) management with IBRLive’s dedicated tool, optimizing your financial operations.
One-Time FX Rate Negotiation with the Bank:
Simplify negotiations with banks by leveraging IBRLive’s one-time FX rate negotiation feature, ensuring favorable terms and conditions.
RPC & PCFC ROI Negotiations:
Maximize returns on RPC and PCFC investments through effective negotiations facilitated by IBRLive’s expertise and insights.
Conclusion IBRLive stands as the epitome of reliability and accuracy in live currency exchange rates, offering users access to real-time information without the 60-second delay typically encountered elsewhere. With Fxpress Standard, users access a comprehensive suite of features designed to streamline currency exchange processes and optimize financial outcomes. Whether you’re seeking to make timely currency conversions or a business looking to hedge against currency risks, IBRLive and Fxpress Standard provide the tools and insights necessary to navigate the complex world of currency exchange with confidence and precision. Choose IBRLive today and experience the difference firsthand.
by Neha Sharma | Mar 6, 2025 | Currency Exchange
Travelling overseas is exciting because of the chance to experience new cultures, indulge in delicious cuisine, and make lifelong memories. But in all of the careful preparation and packing, one important component is frequently overlooked: carrying foreign currency bills. In this comprehensive guide, we delve into the significance of buying forex, offer essential tips about buying forex, and highlight the importance of foreign currency bills according to guidelines set by the RBI, all while navigating the fluctuations of exchange rates.
Understanding Foreign Cash Memo
When you’re travelling abroad, having certain documents with you is essential, and understanding those documents is vital. One of those documents is a foreign cash memo. It’s more than just a receipt for your transaction. It also records the amount of money you exchanged, the exchange rate, and fees. It proves that you legally obtained foreign cash, and it’s important to keep it safe.
The Value of Having Foreign Cash Memo as Verification of Authorized Purchase:
Having a foreign cash memo when purchasing forex proves that the funds were obtained lawfully and from a licensed dealer. This can be especially important in nations with stringent foreign exchange laws. Giving this memo to authorities or during routine inspections can help avoid misunderstandings and possible legal problems.
Verification of Exchange Rates:
Exchange rates fluctuate frequently, and sometimes, discrepancies can arise. By keeping your foreign cash memo, you have a record of the exact rate at which you purchased the currency. This can be useful if you need to verify or dispute the exchange rate applied at the time of purchase.
Compliance with RBI Regulations:
Carrying proof of foreign currency transactions is a requirement set forth by the Reserve Bank of India (RBI). You must be able to show a memo of your foreign cash transactions to comply with RBI regulations. It’s part of the regulations in place to help stop money laundering and ensure people are honest and transparent in their foreign exchange dealings.
Currency Exchange Simplicity: If you anticipate not using all of the currency you buy, don’t forget to save your foreign cash memo. In order to convert any remaining foreign currency into your home currency, you must have the foreign cash memo. By tracking the initial purchase, it makes sure you get the right amount depending on the current exchange rate. Some foreign exchange dealers might decline to exchange your money if you don’t have this memo, or you might not receive a good deal.
Expense Tracking: Traveling can sometimes lead to overspending. By keeping a record of your foreign currency purchases through the cash memo, you can better manage and track your expenses. This is particularly useful for budgeting and accounting purposes, helping you stay within your financial limits.
Insurance Claims: Insurance claims might be made easier if you have a foreign cash note in case you misplace or steal money. The cash memo is a legitimate record for claims pertaining to missing money, which are sometimes required by travel insurance policies.
tips about buying forex
Now that you know how important it is to have a foreign exchange on hand, let’s look at some practical advice for purchasing forex
Examine and Compare Rates: By RBI regulations, check the foreign exchange rates provided by various banks, money exchangers, and internet platforms before your trip. To get the best deal, compare rates and fees.
Arrange How Much Money to Bring:
Think about your itinerary, travel preferences, and how dependent each destination will be on
money. To determine how much money you’ll need, look up the average prices for common purchases and necessities in the places you’ve selected.
Purchase Before Departure: Purchasing foreign currency ahead of time frequently results in more favourable exchange rates than using money changers or airport kiosks once you arrive at your destination.
Keep an eye on exchange rates: Market conditions might cause exchange rates to alter. You can save money by monitoring trends and purchasing foreign exchange at advantageous prices.
Purchasing Foreign Exchange and RBI Guidelines
The RBI has established detailed standards for foreign exchange purchases in order to maintain openness and prevent illegal activity. Among them are:
Documentation: You need to present legitimate identity and travel documentation in order to purchase foreign money. This transaction will be detailed in the foreign cash memo, guaranteeing compliance with RBI regulations.
Currency Limits: An individual’s ability to carry foreign currency is restricted by the RBI. For instance, a traveller can carry foreign currency notes upto USD 3000 per visit.
Licensed Dealers: Only purchase foreign exchange from RBI-licensed dealers. This guarantees that you receive real money and an official foreign cash memo. Unauthorized providers may offer erroneous documentation or counterfeit money.
IBRLive Forex is one way to purchase foreign currency before your trip:
This platform is dependable and easy to use, and it is a licensed full-fledged money changer(FFMCs) by the RBI. To satisfy your travel-related foreign exchange needs, they offer a range of services, transparent fees, and competitive exchange rates. To find out more about their offerings and the way they can assist you in organizing your foreign exchange for your next trip, visit their website or (www.ibrlive.com) get in touch with them.
The purpose of carrying foreign exchange is to ensure a seamless and hassle-free travel experience, not to replace electronic payment methods in case of emergencies. Make sure that your attention stays on making priceless travel memories rather than worrying about money by making advance plans, paying attention to the advice regarding purchasing forex, and adopting a balanced strategy. So, gather your belongings, obtain some bills in foreign currency, and set off
FAQs:
Q) is foreign currency bills and foreign cash memo is same?
No, foreign currency bills and a foreign cash memo are not the same.
- Foreign currency bills refer to the actual paper money of another country, such as US dollars, euros, or yen, which travelers carry for expenses abroad.
- A foreign cash memo, on the other hand, is a receipt or document issued by an exchange service when purchasing foreign currency. It serves as proof of the transaction, showing the amount exchanged, the exchange rate, and other relevant details.
While both are related to foreign exchange, one is the physical currency used for transactions, and the other is a record of the currency exchange.
by Neha Sharma | Aug 7, 2024 | Currency Exchange
In the dynamic world of global finance, currency values serve as indicators of a nation’s economic health and stability. As of March 2025, the following are the top 10 strongest currencies in the world, reflecting their exchange rates against the US Dollar (USD)/Indian Rupee(INR):
- Kuwaiti Dinar (KWD)
- Exchange Rate: 1 KWD = 3.24 USD / 269.50 INR
- Kuwait’s robust oil-based economy and prudent fiscal policies have solidified the Kuwaiti Dinar’s position as the world’s most valuable currency.
- Bahraini Dinar (BHD)
- Exchange Rate: 1 BHD = 2.65 USD / 220.55 INR
- Bahrain’s diversified economy, encompassing banking, finance, and tourism sectors, underpins the strength of the Bahraini Dinar.
- Omani Rial (OMR)
- Exchange Rate: 1 OMR = 2.59 USD / 215.35 INR
- Oman’s strategic economic diversification efforts, coupled with its oil exports, contribute to the high value of the Omani Rial.
- Jordanian Dinar (JOD)
- Exchange Rate: 1 JOD = 1.41 USD / 117.25 INR
- Despite limited natural resources, Jordan’s stable economic policies and foreign aid have maintained the strength of the Jordanian Dinar.
- British Pound Sterling (GBP)
- Exchange Rate: 1 GBP = 1.23 USD / 102.30 INR
- The British Pound’s enduring value is supported by the UK’s strong financial sector and global economic influence.
- Swiss Franc (CHF)
- Exchange Rate: 1 CHF = 1.10 USD / 91.50 INR
- Switzerland’s political neutrality, strong banking system, and economic stability contribute to the Swiss Franc’s strength.
- Euro (EUR)
- Exchange Rate: 1 EUR = 1.04 USD / 86.50 INR
- The Euro, used by 19 European Union countries, is backed by a powerful economic bloc and remains one of the most traded currencies globally.
- US Dollar (USD)
- Exchange Rate: 1 USD = 1.00 USD / 83.20 INR
- As the world’s primary reserve currency, the US Dollar is widely accepted and plays a critical role in global trade and finance.
- Canadian Dollar (CAD)
- Exchange Rate: 1 CAD = 0.69 USD / 57.50 INR
- Canada’s strong natural resource exports and stable banking system support the value of the Canadian Dollar.
- Australian Dollar (AUD)
- Exchange Rate: 1 AUD = 0.66 USD / 55.00 INR
- Australia’s economic stability, abundant natural resources, and trade relationships bolster the Australian Dollar’s strength.
Factors Influencing Currency Strength
Several factors contribute to the strength of a currency:
- Economic Stability: Countries with stable economies, low inflation rates, and consistent growth often have stronger currencies.
- Political Stability: Nations with stable governments and predictable policies attract foreign investment, bolstering currency value.
- Interest Rates: Higher interest rates offer better returns on investments denominated in that currency, increasing demand.
- Natural Resources: Countries rich in natural resources, like oil, often see their currencies strengthen due to export revenues.
- Foreign Exchange Reserves: Large reserves can help a country support its currency during economic fluctuations.
Looking for reliable currency exchange services? Visit IBRLIVE for competitive rates and expert guidance.
Conclusion
As the global economic landscape evolves, the strength and value of currencies play a pivotal role in shaping a nation’s financial power and global influence. The currencies listed above represent countries with stable economies, prudent fiscal policies, and diversified economic foundations. Whether they owe their strength to natural resources, financial services, or stable political environments, these currencies stand tall as the top 10 most powerful in the world in 2023, capturing the attention of investors, traders, and economic enthusiasts alike.
Experience seamless currency exchange services in Panipat with IBRLIVE. With competitive rates and hassle-free transactions, we ensure convenience and reliability for all your currency needs. Trust IBRLIVE for swift, secure, and efficient currency exchange services, making your transactions effortless and efficient.
Read This also: https://ibrlive.com/unveiling-the-best-dollar-to-rupee-live-rates-with-ibrlive-a-comprehensive-review/
by Neha Sharma | Feb 21, 2024 | Blog
These days, many Institutions worldwide are accepting payments through FLYWIRE and have made It compulsory.
Flywire is headquartered in Boston, Massachusetts, United States and is a payments enablement and software firm with the purpose to execute the most significant and difficult payments in the world.
Flywire assists to make it easier for consumers to pay, regardless of where they are in the globe and assists clients in being paid.
Flywire has removed the boundaries using adaptable solutions providing frictionless transaction experiences, which has made it possible to conduct international payments and receivables. for individuals to manage the worldwide world of today without allowing boundaries to define how they make payments
They have strived to strengthen client connections over the previous decade create cutting-edge technology, became market leaders, and nurture a distinctively rational business culture oriented on customer relationship management.
In this section, all the top queries related to FLYWIRE:
- How do you make a payment to an institution using FLYWIRE?
- How to send money from India through flywire?
- Why Universities has adopted Flywire?
- What if Flywire is unavailable at the university you’re interested in?
- How to get assistance in India for generating payment instructions and making the payment?
- Is flywire cheaper than a bank transfer?
- How do you make a payment to an institution using FLYWIRE?
Step 1: At pay.flywire.com select your institution name.
*If you don’t see the name of your institution just click on the payment link given by your institution.
Step 2: Select the Country(Your bank account is located) you are making a payment from and enter the amount.
Step 3: Now select the Payment Method (Each payment mode displays the amount to be paid).
*Each Payment mode differs from one, some of them may require additional documents.
Step 4: Add all details necessary related to the payer.
*If you are using the link given by your Institution some of the details may be pre-populated.
Step 5: Lastly, fill out the information required by your institution.
Once you review and confirm your payment information, you will be provided with the instructions to complete your payment, you need to transfer funds to Flywire to complete your Payment via either of the following:
- Online banking/ Mobile Banking
- Telephone Transfer
- In Person Visit to the Bank Branch
*If you are choosing to pay Via bank transfer you will need to initiate your payment directly with your bank using the account details provided in the payment instructions.
*If you are choosing to pay Via an online payment method, you will be redirected to the secure site of the payment partner, after entering the required information you will be redirected to Flywire’s website.
You can always check your status in the “Track Your Payment” option mentioned in the Email sent to the payer.
- How to send money from India through flywire?
FLYWIRE might provide several payment options depending on the institution that a person is paying. When paying from India, they can often accept the following payment methods:
- Why Universities has adopted Flywire?
With the help of Flywire, hundreds of educational institutions may adapt to the various demands of millions of students throughout the world while also enhancing operational effectiveness and cash flow. Their complete receivables solution helps their clients easily accept and reconcile payments from anybody, anywhere in the world, at any time, and is supported by a strong global payment network, top-notch security, and round-the-clock multilingual assistance.
- What if Flywire is unavailable at the university you’re interested in?
Your institution might choose to provide you with a payment link to begin the payment process if you were requested to pay using Flywire but were unable to locate them in the drop-down option.
In this situation, if you have any inquiries regarding using your payment link, contact your institution immediately.
- How to get assistance in India for generating payment instructions and making the payment?
IBRLIVE INDIA PVT LTD is one of the most trusted organizations in Panipat, Haryana which helps students generate payment instructions and make the final payment on a low exchange margin. You can simply visit the website https://ibrlive.com/contact and call them directly for assistance.
- Is flywire cheaper than a bank transfer?
Flywire payments from India are just like sending money abroad through your bank. Neither is costlier nor cheaper. While paying through flywire from India to any university in Canada, two options are available to students. One is to convert CAD to USD and then make payment in USD through your local bank and the second option is to convert CAD into INR and send the money through RTGS. The second option is cheaper than the first one.
