RoSCTL Scrip Rate Today: The Market Band, Not the Rebate Schedule

Today's rate: where the band sits and what a seller nets

A clean RoSCTL scrip changes hands a little under its full face value. That is the honest shape of today's rate: not one published closing price, but a narrow band between what buyers are bidding and what sellers are asking, with the ask capped at face, because no importer pays more than a rupee for a rupee of duty credit. Where inside that band your scrip prices on a given morning depends on the day's demand, the validity left on the scrip, and the size of the lot.

The number that matters to a seller is not the headline percentage but the net: what lands in the bank after the price and the fee. On Scriphouse an Issued RoSCTL scrip is priced at the moment you ask, from live demand rather than a teaser rate card, the offer is firm for sixty seconds, and a settled trade pays out the same business day with a bank UTR. The worked examples below show what prints in this band net per lakh of face value.

Market rate vs scheme rate: most results answer the wrong question

Most pages that rank for the RoSCTL rate answer a different question: the rebate schedule, meaning the entitlement the government credits to an apparel or made-ups exporter when the shipping bill is processed. That schedule decides how large your scrip is. It does not decide what the scrip sells for once it exists.

The market rate is the second number: what a buyer will pay today for the credit you already hold. Once a scrip is created in the electronic duty credit ledger, the schedule that sized it is history. The instrument, whatever the trade still calls it, an RoSCTL licence in older habit, is an e-scrip that pays basic customs duty at the border, and it prices on supply and demand like anything else that is freely transferable. The two numbers also move on different clocks: a rebate schedule can stand still for a year while the market band shifts week to week with shipping seasons and duty demand.

If you are still at the entitlement stage, start with what an RoSCTL scrip is and the RoSCTL page. This page is about the price after issue.

What moves the RoSCTL band

Three things do most of the daily work on the band, and none of them is a desk deciding to pay you less:

• Apparel export cycles. RoSCTL supply follows garment and made-ups shipments, which are seasonal. When a shipping season's scrolls mature at the ports, fresh scrips issue in clusters, and heavier supply against steady importer demand softens the bid. In the thin months the same demand chases fewer scrips and the band firms toward face.
• Average scrip size. RoSCTL scrips skew toward mid-size lots, because the exporter base is full of mid-size garment houses. A buyer covering a large duty line prefers fewer, larger scrips to fewer approvals and less reconciliation, so small odd lots can price slightly wider than a single clean lot of the same total face.
• Expiry mix. Every e-scrip is valid for two years from creation in the ledger, and a buyer pays less for a shorter usable window. When the market's inventory skews older, the average print drifts down even though nothing else changed. Where your own scrip sits on its expiry clock often moves your number more than the day's market does.

The band, in other words, is a market read with visible causes. A quote formed from it can show its reasons on the same screen, which is the test to hold any quote to.

RoSCTL vs RoDTEP: two bands, one customs desk

At the point of use, an RoSCTL scrip and a RoDTEP scrip are the same instrument. Both live in the same electronic ledger, both pay basic customs duty only, never IGST or cess, both carry two-year validity, and both transfer without limit through the same two-sided handshake on ICEGATE. To an importer clearing a container, a rupee of RoSCTL credit does exactly the work of a rupee of RoDTEP credit. That is why the two bands can never drift far apart: any persistent gap makes buyers switch to the cheaper line until the gap closes.

They still price on separate lines because supply arrives on different rhythms. RoDTEP issues across nearly the whole export basket, so its supply is broad and comparatively steady. RoSCTL issues only against apparel and made-ups, so its supply is lumpier and more seasonal, and its average lot is smaller. When garment scrolls cluster, the RoSCTL bid can sit a few basis points softer than RoDTEP; when apparel issuance is thin, the two bands converge and prints on the two lines can match to the paisa. The RoDTEP rate page is this page's sibling, and reading the two together tells you which line the pressure is on this week.

What you get on a given face value: worked examples

Take Rs 1,00,000 of face value on a clean scrip comfortably clear of expiry. At a print of 98.00, the trade settles at Rs 98,000. The self-serve fee on the sell side is 0.40% of the value that settles, Rs 392, plus 18% GST on the fee, Rs 70.56, so the seller nets Rs 97,537.44, about 97.54% of face. On the first trade on an IEC there is no fee on either side, so the same print nets the full Rs 98,000. The sale of the scrip itself is GST-exempt under HSN 4907; GST applies only to the fee, and every trade ships a GST invoice and a net-realisation statement showing exactly this arithmetic for your trade.

The arithmetic scales in a straight line. Rs 10,00,000 of face at a print of 98.25 settles at Rs 9,82,500; the fee is Rs 3,930, GST on it Rs 707.40, and the net is Rs 9,77,862.60. A useful mental rule: on every lakh of face value, ten basis points of price is Rs 100, so the gap between a 98.00 and a 98.40 print is Rs 400 per lakh before the fee. That is what a day of band movement is usually worth, and why expiry drift, which only ever pushes one way, costs more than most attempts to time the market save.

Run your own face value and price through the scrip value calculator to see the gross, the fee, and the net side by side. And if you want the drivers behind a print taken one at a time, how duty-credit scrips are priced walks through them in order.

How to lock a rate: quote validity, transfer timing, T+0

A rate is only real if it survives until the money moves. On Scriphouse the quote on your scrip is firm for sixty seconds: accept inside the minute and that number is what you are paid, not an opening position for a negotiation that resumes after you have committed.

The stretch between agreement and payment is where informal deals leak. A scrip transfer on ICEGATE is a two-sided handshake, the buyer must approve the transfer on the ledger, and in a private deal days can pass between the price being shaken on and the scrip and the money both moving. That window is exactly when a counterparty rings back to revisit the rate, and the seller who has already waited a week usually concedes. Atomic delivery-versus-payment removes the window: buyer funds are secured before the scrip moves, the transfer executes on ICEGATE, and the payout lands the same business day with a bank UTR. T+0 settlement is not merely faster; it is what makes a locked rate mean something. The mechanics are in same-day T+0 settlement, explained.

One timing note on the scheme itself. RoSCTL is notified to 30 September 2026, and if no continuation is notified, the scheme lapses when the notified period ends. That is a question about future issuance, not about scrips already created: an issued scrip keeps its own two-year validity and remains fully transferable, so a change in the scheme's window changes when new supply arrives, not whether the scrip in your ledger is saleable.

The notified rebate is a different number

The RoSCTL rate you will find in a government schedule is not the rate this page is about. The notified rebate, set by the Ministry of Textiles schedules for garments and made-ups, decides what percentage of your FOB value becomes credit, subject to the per-unit caps in those schedules: that is what sets your scrip's face value at birth. The market rate is what a buyer pays for that face value afterwards. To size a claim, work from the schedule and your FOB; to turn an existing scrip into cash, get a firm quote, which is the number the rest of this page explains.

Frequently asked questions

What is the RoSCTL scrip rate today?

There is no single official rate. A clean RoSCTL scrip changes hands a little under its face value, inside a bid and ask band set by live importer demand, with the ask capped at face. Where your scrip prices within the band depends on the validity left on it, the size of the lot, and demand on the day. On Scriphouse the number is made when you ask for it, shown with its reasons, and firm for sixty seconds.

Why is the RoSCTL scrip rate different from the RoDTEP scrip rate?

Because supply arrives on different rhythms. Both are e-scrips that pay basic customs duty, so a rupee of either does the same work for a buyer, which keeps the two bands close. But RoSCTL supply comes only from apparel and made-ups exports, so it is seasonal and lumpier, while RoDTEP supply is broad and steady. When garment scrolls cluster, RoSCTL can print a few basis points softer; when apparel issuance is thin, the two bands converge.

Is 98% of face value a good rate for an RoSCTL scrip?

For a clean scrip comfortably clear of expiry, a print around 98% of face sits inside the normal neighbourhood for duty-credit scrips. On Rs 1,00,000 of face it nets about Rs 97,537 after the 0.40% sell-side fee and GST on the fee, or the full Rs 98,000 on the first trade on an IEC, which is free. Whether it is good on the day depends on where the band actually is at that moment, so judge it against a firm quote on your own scrip, not against a remembered number or someone else's lot.

Who decides the market rate of duty credit scrips?

Nobody sets it. Government notifications fix the rebate entitlement, which fixes the face value of the scrip. The transfer price is then made by the market: importers bidding for duty credit on one side, exporters selling on the other. An exchange forms the price from that live demand and shows what moved it; there is no committee behind the number and no official rate card to look up.

How is the RoSCTL amount calculated?

Rate times FOB value, subject to the per-unit value caps in the Ministry of Textiles schedules for garments and made-ups. The schedule line for your product sets the percentage; the cap can bind before the percentage does, so the credit is the lower of the two computations.

What is RoSCTL in the shipping bill?

The claim declaration made at export. RoSCTL is claimed in the shipping bill when the export is filed, the credit is issued as an e-scrip in the Electronic Duty Credit Ledger on ICEGATE once the claim is processed, and that scrip is what later pays basic customs duty or sells for cash.