by Deepak Madan | Sep 6, 2025 | Blog
Why Use RODTEP Scrips for Customs Duty?
Customs duties in India can significantly impact your landed cost. But if you’re an importer, there’s a smart and legal way to reduce that cost: using RODTEP duty credit scrips.
These scrips, issued under the DGFT’s export incentive scheme, can be used to pay import duties—provided they are properly transferred and applied via ICEGATE.
In this guide, you’ll learn:
✅ What RODTEP scrips are used for
✅ How to use them for duty payment
✅ The ICEGATE process for duty adjustment
✅ Common errors to avoid
✅ Where to buy legally transferred scrips
👉 Buy Duty Credit Scrips on IBRLIVE.com – India’s trusted online platform
What is a RODTEP Scrip?
RODTEP (Remission of Duties and Taxes on Exported Products) is a government-backed duty remission scheme. Exporters earn scrips that can be:
Each scrip has:
You can’t use them for IGST, CVD, or other taxes—only for the basic duty component.
Who Can Use RODTEP Scrips?
You can apply RODTEP scrips for customs duty if you are:
✅ An importer with a valid IEC code
✅ Using ICEGATE for bill of entry filing
✅ Holding a valid RODTEP scrip (your own or bought from another trader)
✅ Using it within the validity period
How to Apply RODTEP Scrips to Pay Customs Duty
Let’s go step-by-step:
Step 1: Ensure You Have a Valid RODTEP Scrip
You must hold a scrip that:
Where to get one?
👉 Buy legally transferred scrips on IBRLIVE.com
Step 2: Log in to ICEGATE Portal
Here you’ll see:
-
Scrip ID
-
Face value
-
Balance remaining
-
Expiry date
Step 3: Apply Scrip at the Time of Bill of Entry Filing
While filing your Bill of Entry (BoE):
-
Choose “Pay using Duty Credit Scrip” option
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Enter the Scrip ID and amount to be debited
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Ensure the scrip covers the Basic Customs Duty (BCD) component
Partial payments with scrip + cash are allowed.
Step 4: Submit and Get Acknowledgment
After submission:
-
The ICEGATE system verifies the scrip
-
Customs accepts the debit if details match
-
A payment confirmation is generated
-
Your BoE is processed for clearance
Step 5: Maintain Documentation
Post-clearance, ensure you store:
These are essential during audits by GST or customs officials.
Common Mistakes to Avoid
| Mistake |
Impact |
| Using expired scrip |
Rejection of payment |
| Wrong Scrip ID |
Delays in clearance |
| Attempting to pay for IGST or other taxes |
Not allowed |
| No ICEGATE registration |
Cannot apply scrip digitally |
| Using unverified scrip |
Audit risk, penalty possible |
Why Use ICEGATE for Duty Credit Scrip Application?
ICEGATE (Indian Customs EDI Gateway) is the official digital interface between customs and stakeholders. It is:
-
Mandatory for legal use of DGFT scrips
-
Integrated with your Bill of Entry
-
Accepts only DGFT-issued or legally transferred scrips
-
Keeps a ledger of balance and usage
That’s why any duty credit scrip purchase must be ICEGATE-compatible.
Real-World Example: How Much Can You Save?
Let’s say your customs duty on a shipment is ₹1,00,000 (BCD only).
| Option |
Payment Method |
Effective Cost |
| Cash/RTGS |
₹1,00,000 |
₹1,00,000 |
| RODTEP Scrip (Bought at 98.5%) |
₹98,500 |
You save ₹1,500 |
Over 10 imports, you can save ₹15,000 or more—just by switching payment methods.
Where to Get Valid RODTEP Scrips?
You can buy legally transferred scrips on IBRLIVE.com—India’s trusted DGFT-compliant marketplace.
Features:
👉 Buy Duty Credit Scrips on IBRLIVE.com
Frequently Asked Questions (FAQs)
Can I pay IGST or CVD using RODTEP scrip?
No. RODTEP scrips can only be used to offset Basic Customs Duty (BCD), not GST or other taxes.
How do I know if a scrip is valid?
Check the scrip ledger on ICEGATE, which shows balance, expiry date, and transfer history. Also, always buy from DGFT-compliant platforms with ICEGATE proof.
Can I use a scrip I bought from someone else?
Yes, but only if the scrip was transferred via ICEGATE and shows up in your ledger.
What happens if I try to use an expired scrip?
ICEGATE will reject the payment request. Always check the validity before applying a scrip.
Do I need to submit the physical scrip?
No. Since 2020, the process is entirely digital via ICEGATE. Physical scrips are no longer issued.
Final Takeaway
RODTEP scrips are a powerful tool to legally reduce your customs duty—but only if used correctly via ICEGATE. With platforms like IBRLIVE, you can:
✅ Buy scrips instantly
✅ Ensure DGFT compliance
✅ Apply via ICEGATE in minutes
✅ Save significantly on import costs
Don’t miss out on this opportunity to streamline your imports and protect your margins.
👉 Buy Duty Credit Scrips on IBRLIVE.com
Related Blogs You Might Like:
by Deepak Madan | Sep 6, 2025 | Blog
“ICEGATE scrip transfer is the official and compliant way to trade and apply RODTEP and ROSCTL scrips for customs duty payment in India.”
Trading in RODTEP and ROSCTL scrips can unlock great value for both exporters and importers — but only if you follow the correct procedures. Whether you are selling your e-scrips on the ICEGATE portal or buying them for customs duty payment, keeping the following points in mind will help you secure better rates, avoid delays, and stay compliant with DGFT and CBIC guidelines.
✅ Consolidate Scrips Port-Wise for Higher Value
If your ICEGATE Scrip Ledger shows multiple scrips across different ports—say 5 for INNSA1 and 5 for INBOM4—consolidate port-wise. Generate a single RODTEP or ROSCTL scrip per port. Why? Large-value scrips attract better rates in the market, and buyers prefer fewer, higher-value e-scrips to save on paperwork and ICEGATE transaction time.
✅ Always Deal with Verified Buyers & Sellers
Whether you’re buying scrips to save on customs duty or selling them to monetize export incentives, ensure your counterparty is KYC-verified. Dealing with unverified parties increases the risk of fraud, delayed payments, and non-compliant transfers — something no exporter or importer should take lightly. Use platforms like IBRLIVE.com that work only with vetted traders.
✅ Wait & Consolidate for Better Scrip Rates
Don’t rush to sell small-value scrips. Instead, wait for more scrips to get generated in your account and then consolidate them port-wise. This not only reduces the number of transactions but also helps fetch higher RODTEP scrip rates due to increased demand for larger scrips.
✅ Check ICEGATE Scrip Ledger to Avoid Expired Incentives
Many exporters miss out on their RODTEP and ROSCTL scrips simply because they never check their ICEGATE scrip ledger. These e-scrips are often automatically credited based on your shipping bill scrolls, but if you don’t act on them in time, they may expire unused. Also, several exporters are unaware that their product category is eligible for RODTEP/ROSCTL benefits. Always log in to your ICEGATE account and review your e-scrip ledger periodically to avoid losing valuable export incentives.
✅ Send Required Original Documents Without Delay
Importers need the original documents — Invoice, Transfer Letter (countersigned by bank), and Declaration — to complete their customs duty payment via scrips. Delay in submitting these documents could result in cancellation of the deal or loss of trust. Ensure all documents are dispatched immediately post-transfer.
✅ Take Screenshot of Port Code During Scrip Generation
Always take a screenshot of the generated e-scrip that clearly displays the port code. This is a mandatory practice. If missed, importers may ask for one shipping bill copy per scrip to confirm the port, delaying your transaction and reducing buyer interest.
✅ Use Mobile OTP on ICEGATE Instead of Email OTP
ICEGATE now supports mobile OTP for scrip transfers and receipts. It is faster and more reliable than email-based OTPs. Always register your updated mobile number with ICEGATE and prefer mobile OTP for timely transaction execution.
✅ Avoid Multiple OTP Resend Attempts — ICEGATE May Block You
Never hit resend OTP more than 3 times on ICEGATE. This may block your ID temporarily, stalling your scrip transfer. Instead, log out and retry after a few minutes for a smooth experience.
✅ Don’t Panic if Exporter Delays Transfer After Payment
If you’re an importer and have made the payment but the exporter hasn’t transferred the scrips, stay calm. You can escalate the issue to ICEGATE customer care. For secure trading, use a trusted platform like IBRLIVE, which ensures timely transfer upon payment.
✅ Exporter Transferred Scrips But No Payment Received? Call ICEGATE
In cases where the exporter has transferred the RODTEP or ROSCTL scrip but the importer fails to make the payment, you can approach ICEGATE or seek assistance from trading platforms like IBRLIVE. Escrow-secured platforms reduce this risk considerably.
RODTEP and ROSCTL scheme scrips are powerful tools for cost saving and liquidity management — but only if handled with care. Exporters and importers must follow best practices to avoid delays, ensure compliance with DGFT and CBIC regulations, and maximize returns.
To trade securely and instantly, visit 👉 https://ibrlive.com/buy-sell-rodtep-rosctl
by Deepak Madan | May 8, 2025 | Blog
RoDTEP means Remission of Duties and Taxes on Exported Products. The scheme was started by the Government of India in September 2019 to boost India’s exports by refunding the taxes and duties that are currently not being refunded to exporters.
The scheme was announced by the Ministry of Commerce and Industry to replace the Merchandise Export Incentive Scheme (MEIS) and the Rebate of State Levies (ROSL) scheme, both of which were found to be non-compliant with World Trade Organization regulations. The RoDTEP scheme is thought to be WTO-compliant and will replace MEIS and ROSL from 01, January 2021.
In the RoDTEP scheme, exporters will be eligible for a refund of multiple taxes and duties which are levied by the central, state, and local governments. These duties were not currently being refunded. This includes taxes like state and central excise duties, VAT, central sales tax, electricity duties, and fuel for logistics, among others.
The refund rate under the RoDTEP scheme will vary based on the sector and the specific product being exported. The rates will be determined by the Department of Commerce, with input from other relevant government departments. The rates are expected to be set at a level that provides an adequate incentive to exporters while ensuring that the scheme is financially sustainable.
The RoDTEP scheme is expected to benefit a wide range of industries, including textiles, leather, handicrafts, agriculture, and marine products, among others. The scheme will provide much-needed relief to exporters who have been struggling with a variety of challenges, including a strong rupee, rising costs of raw materials, and intense competition from other countries.
The process to sell scrips(RoDTEP):
RoDTEP scrips are certificates that provide a refund of duties and taxes paid on exported goods. These scrips can be sold in the open market by exporters who receive them as a benefit under the RoDTEP scheme. Here are some guidelines and steps to follow for selling RoDTEP scrips:
- Eligibility: To be eligible to sell RoDTEP scrips, you must be an exporter who has been issued RoDTEP scrips by the government.
- Register with the DGFT: To sell RoDTEP scrips, you must be registered with the DGFT and have an Import Export Licence.
- Approach a recognized agency: Only recognized agencies can purchase RoDTEP scrips. You can approach a recognized agency to sell your RoDTEP scrips.
- Submit necessary documents: You will need to submit your RoDTEP scrips, along with other necessary documents such as invoices, shipping bills, and export declaration forms to the recognized agency.
- Negotiate the price: The price of RoDTEP scrips is determined by market demand and supply. You can negotiate the price with the recognized agency based on the prevailing market conditions or you may contact the team at ibrlive.com for competitive pricing.
- Receive payment: Once the negotiations are finalized, the recognized agency will pay you for the RoDTEP scrips.
- Utilization of funds: The funds received from the RoDTEP scrip sale can be utilized for any business purposes, including payment of duties and taxes, payment to suppliers, and investment in new projects.
Looking for some other answers? Fill out the form below:
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.
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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 Deepak Madan | Mar 6, 2025 | Blog
What Is a Currency Forward Contract?
A currency forward contract can be defined as buying or selling a specific currency at a specified future price for delivery on a specified future date.
Who Can Book a Currency Forward Contract?
Any importer or exporter having exposure to foreign currency can book a forward contract with its bank based on underlying (purchase order or pro forma invoice) to hedge his currency movement risk.
How to Book a Currency Forward Contract?
Step 1: On request, the bank set up a forward booking limit on behalf of its client. To set up the forward booking limit bank demands a fixed deposit of approx. 5% of your total booking requirements in the INR term. For example, if you want to book USD100000 then you will have to produce a fixed deposit of Rs. 375000.00 to your bank (considering USD/INR at 75.00). If you are a credit customer then the bank may also set up the limit based on your collateral mortgaged with the bank.
Step 2: You must produce an underlying (valid purchase order or pro forma invoice) mentioning the delivery and payment terms before your bank to book a currency forward contract.
Step 3: The Bank gives you a forward rate and with your consent, book the same. For example, if you want to book USD 100000 for delivery after the end of 3 months. Considering the current USD to INR spot rate of 75.00, the bank may give you a forward rate of 75.90. Here 0.90 is the premium for three months. Please note that exporters get the benefit of premium and importers have to pay the premium because USD is almost on premium in comparison to INR. You may refer to ibrlive.com for live forward rates.
Step 4: On successful booking of the contract bank agrees, generally on a 100 Rs. Stamp paper. The agreement contains all details of the contract and it is signed by both the bank and the client.
How Currency Forward Contracts Are Utilized?
On successful arrival of payment against export or sending the payment for import on the maturity date of the forwarding contract, the bank gives you the same rate which was booked earlier under the forwarding contract irrespective of the current spot rate on the maturity date.
A forward contract can be utilized for other payments irrespective of the underlying (purchase order or pro forma invoice) on behalf of which it was booked.
Early utilization of forwarding contracts is also possible if your payment has come earlier than the expected date.
Where to Check Exact Forward Premiums and Forward Rates?
Many websites show the month-wise or broken date forward rates for a subscription basis. You may refer to ibrlive.com to know the exact premiums and final forward rate, even for broken dates.
Advantages of Currency Forward Contract
For importers & exporters, the main advantage of booking a currency forward contract is to hedge their foreign currency exposure from adverse movements.
Exporters booking a forward contract for USD to INR, EUR to INR, GBP to INR, or any major currency benefit from a premium added to the present spot rate.
Can I Cancel a Forward Contract?
Yes, the forward contract can be cancelled on the maturity date or 3 days after the maturity date. Cancellation is done on a spot rate and any profit or loss will be passed on to the customer if the same is cancelled on or before the maturity date.
If the forward is cancelled any day between the 3 days grace period, then the profit will not be passed on to the customer but any loss will be recovered from his account.
A forward contract can also be cancelled before the maturity date. Apart from profit & loss calculation from spot day, the client will also have to forgo extra premium from the date of cancellation to maturity.
by Nancy Thakur | Mar 2, 2025 | Blog
Introduction
Explore the world with ease as Indian passport holders enjoy access to a variety of Indian Passport Visa Free Countries and Visa on arrival countries for Indians. Discover the growing list of E Visa countries for Indian passport holders and stay updated on the India passport rank. Travel hassle-free with information on free visa for Indians and plan your next international adventure.
In a world where borders define opportunities, the strength of a passport becomes a crucial determinant of one’s ability to explore and experience different cultures. The Indian passport, held by over 1.4 billion citizens, has steadily grown in its global ranking, offering increasing access to various countries without the need for a visa or with simplified visa processes. This blog explores the power of the Indian passport, detailing the countries where Indians can travel visa-free, obtain a visa on arrival, or apply for an e-visa.
Understanding Passport Strength
The strength of a passport is typically measured by the number of countries its holders can enter without a visa or with a visa on arrival. The Indian passport, while not among the top tier globally, still provides access to a significant number of destinations, reflecting India’s growing diplomatic relationships and its citizens’ global presence.
Indian passport rank
As of August 2024, the India passport rank is 82nd on the Henley Passport Index. This ranking allows Indian passport holders to travel visa-free to 58 countries, including popular destinations like Indonesia, Maldives, and Thailand.
Discover the Wonders of India Visa-Free Countries
Exploring Indians’ visa-free countries not only simplifies travel but also opens a world of opportunities for cultural exchange and adventure without the hassle of lengthy visa applications. Indian passport holders can visit the following countries offering free visas for Indians:
- Barbados
- Bhutan
- Dominica
- El Salvador
- Fiji
- Grenada
- Haiti
- Indonesia
- Jamaica
- Mauritius
- Micronesia
- Nepal
- St. Kitts and Nevis
- Senegal
- Serbia
- Trinidad and Tobago
- Tunisia
- Vanuatu
These destinations not only offer a seamless entry process but also boast rich cultural heritage, stunning landscapes, and unique experiences that make them attractive for Indian travelers.
Visa on arrival countries for Indians
For countries that don’t offer visa-free entry, many provide the option to obtain a visa upon arrival. This system simplifies the travel process, as it eliminates the need for advance visa applications, making spontaneous travel more feasible. Indian passport holders can avail themselves of this facility in the following countries:
- Bolivia
- Cambodia
- Cape Verde
- Comoros
- Ethiopia
- Gabon
- Guinea-Bissau
- Guyana
- Iran
- Jordan
- Kenya
- Laos
- Madagascar
- Malawi
- Maldives
- Mauritania
- Mozambique
- Myanmar
- Palau
- Rwanda
- Samoa
- Seychelles
- Somalia
- Sri Lanka (Electronic Travel Authorization)
- St. Lucia
- Tanzania
- Thailand
- Togo
- Tuvalu
- Uganda
- Zimbabwe
These countries present diverse opportunities, from the tropical beaches of the Maldives and Seychelles to the cultural riches of Iran and Jordan.
E Visa countries for Indian passport holders
The advent of e-visas has revolutionized international travel, offering a convenient and efficient way to obtain permission to enter a foreign country. Indian passport holders can apply for an e-Visa from the comfort of their homes for the following countries:
- Armenia
- Azerbaijan
- Bahrain
- Benin
- Colombia
- Cote d’Ivoire (Ivory Coast)
- Djibouti
- Georgia
- Guinea
- Kyrgyzstan
- Lesotho
- Moldova
- Montenegro
- Oman
- Papua New Guinea
- Qatar
- Sao Tome and Principe
- Singapore
- South Korea
- Suriname
- Uzbekistan
- Zambia
The e-visa process is typically straightforward, requiring basic information, a valid passport, and fee payment. It saves time and offers peace of mind before starting your journey.
The Increasing Influence of the Indian Passport
The growing list of visa-free nations for India, visa-on-arrival, or e-visa access to Indian passport holders is a testament to India’s rising global influence. It reflects the country’s strong diplomatic ties and the recognition of Indian travelers’ contributions to international tourism.
For Indian citizens, the ability to travel with fewer visa-related hassles opens up a world of possibilities. Whether it’s exploring the pristine beaches of Fiji, embarking on an adventure in the mountains of Bhutan, or experiencing the vibrant culture of Serbia, the Indian passport is truly a gateway to the world.
Conclusion
The power of the Indian passport is undeniable. With access to a diverse range of countries across continents, Indian travelers have the opportunity to explore the world with relative ease. As India’s global standing continues to rise, the strength of its passport is likely to improve further, unlocking even more destinations for its citizens.
So, if you’re an Indian passport holder, now is the perfect time to start planning your next international adventure. Whether you’re seeking visa-free entry, visa-on-arrival convenience, or the simplicity of an e-visa, the world is waiting for you!
Travel is about freedom, exploration, and discovery. With the Indian passport in hand, these experiences are closer than ever before. Safe travels!
Visit top 10 cheapest countries to travel from India
