How to Sell RoDTEP Scrips Online: Rates, Process, and Getting Paid the Same Day

How to sell a RoDTEP scrip online, in four moves

Selling a scrip is four moves and no more: take a firm quote on the scrip you actually hold, agree the price as a share of face value, execute the two-sided transfer on ICEGATE, and take the payout the same business day against a bank UTR. Everything further down this page is one of those four moves opened up. If you read one section, read this one.

• One. Get a firm quote, held for sixty seconds. There is no rate card for scrips and no published benchmark to read a quote against, so the only number worth anything is a firm price on the scrip in front of you: this scheme, this face value, this much validity left, this lot size. On Scriphouse that quote arrives with its reasons on the same screen and is held for sixty seconds, which makes it a price you can accept rather than an indication that gets revisited after you have committed.
• Two. Agree the price as a share of face value. Scrip prices are quoted as a percentage of face, because face is the fixed thing: a scrip is worth 100% of face against basic customs duty, and a buyer pays a little under that. Agreeing 97.50% on a Rs 10,00,000 scrip is agreeing Rs 9,75,000 gross. Establish where the fee sits before you accept, because a percentage quoted net of everything and a percentage quoted before deductions describe two different trades.
• Three. Transfer the e-scrip on ICEGATE. Both sides need an ICEGATE e-scrip account. Per the ICEGATE e-scrip advisory v0.10 dated 30 May 2024, at sections 3.4 and 3.5, the transferor initiates the transfer using the transferee's ICEGATE ID and IEC and verifies it with an OTP valid for fifteen minutes. The scrip then reads Transfer Pending until the transferee approves it, at which point it reads Transferred. Either side can reject the request, which produces Transfer Rejected. The status set is Active, Utilized, Transferred, Transfer Pending, Expired and Transfer Rejected. The source is the ICEGATE e-scrip advisory, and the portal sequence is set out in how to transfer a duty-credit scrip on ICEGATE.
• Four. Take payment the same business day, with a UTR. Settlement is atomic delivery versus payment: buyer funds are secured before your scrip moves, the transfer then executes, and the payout releases against confirmation of that transfer carrying a bank UTR, on the same business day (T+0). If any leg fails, the trade unwinds and refunds in full the same day. Same-day T+0 settlement sets out the sequence.

Who buys RoDTEP scrips?

Every buyer is an importer with basic customs duty to pay, and they buy below face because that discount is the entire return in it for them. A scrip discharges duties of customs under the First Schedule to the Customs Tariff Act, 1975, which is basic customs duty, and nothing else: not IGST, not GST compensation cess, not the social welfare surcharge. So a buyer's appetite is bounded by their basic customs duty line, not by the size of their total duty bill. An importer facing Rs 40 lakh of duty on a consignment, of which Rs 8 lakh is basic customs duty, can absorb Rs 8 lakh of face value and no more, whatever the rest of the bill looks like. What duties a scrip can pay works that limit out in full.

That one constraint explains the shape of the buy side. Buyers are importers clearing dutiable goods on a rhythm, because a scrip is only useful to somebody with a duty line to point it at, and their demand runs to their own import calendar rather than to the export season that produced your scrip. This is why an offer on an unchanged scrip can firm up or soften inside a fortnight: the thing that moved was on the other side of the trade.

What decides your realisation is whether you meet one buyer or many. A single broker's bid is one buyer's appetite on one day, quoted through the layers that have to be paid out of it, and nothing on the page tells you which part of the number is the market and which part is the margin. Aggregated demand puts the same scrip in front of the whole buy side at once, so the price is set by the keenest buyer who can absorb the lot rather than by the only one who happened to answer the phone. On the buy side the ask is capped at face value, never above 100%, because a scrip costing more than the duty it discharges is worth nothing to an importer. That cap is also your ceiling, and it is why clean scrips sit a little under face rather than anywhere at all.

Buyers pay firm prices only for scrips they trust, which is why screening happens before listing rather than after a dispute: the shipping-bill chain, the seller IEC history, KYC, and the live ledger status. That screening protects you as much as the buyer, because a market that checks before it trades is a market where your clean scrip is not discounted for somebody else's doubtful one. How provenance screening works covers the checks.

What the sale actually pays you

Run the arithmetic end to end before you sell anything. As a labelled illustration and not a rate anyone publishes: a RoDTEP scrip of Rs 10,00,000 face value, clean provenance, comfortably clear of expiry, quoted at 97.50% of face.

• Gross realisation: Rs 9,75,000.
• Fee on the sell side: 0.40% of the value that settles, so Rs 3,900.
• GST at 18% on that fee: Rs 702. The scrip sale itself is exempt, so no GST touches the Rs 9,75,000.
• Net to your bank, same business day, with a UTR: Rs 9,70,398.
• First trade on your IEC: free on both sides, so the fee and its GST are zero and the net is the full Rs 9,75,000.

Two of those numbers are fixed and one is not. The fee and the tax on it are published; the 97.50% is a stand-in for whatever your scrip prices at on the day. Put your own face value and percentage into the scrip value calculator and you walk into the quote already knowing the net. Every settled trade ships a GST invoice and a net-realisation statement showing the price, the fee and your take-home, so the figure is auditable after the money lands rather than reconstructed from a chat thread. The full schedule is on the pricing page.

What the broker chain takes, and why you never see it

The chain is invisible by construction, and that is the point of it. Between an exporter and the importer who finally uses the scrip there are usually three layers: a local agent who aggregates scrips from a cluster until the lot is worth a call, a city broker who matches lots to buy-side demand and quotes the exporter one number and the buyer another, and a sub-broker on the buy side who takes a cut for the introduction. Each layer earns a slice, none of it itemised, and the price you were quoted and the price the buyer paid never appear on the same page. How brokers price duty-credit scrips takes the chain apart layer by layer.

Set it against the arithmetic above. A quoted 96% net of everything, paid when the buyer's payment clears, is Rs 9,60,000 on a date nobody will put in writing. The direct sale nets Rs 9,70,398 on the same business day with a UTR: better by Rs 10,398 on one scrip, and the gap compounds across a season's credit book. None of those layers moves the scrip, verifies it or guarantees your payment. The ICEGATE handshake and the bank do all three.

What moves your number, and where to test it

Four things move the price, and none of them is a desk deciding what you will settle for: importer demand for duty cover on the day, the supply of newly issued scrips as scrolls mature at the ports, how much validity your scrip has left, and which scheme it came from, since RoDTEP and RoSCTL price on separate lines. What a RoDTEP scrip is worth today takes each in turn and explains why no honest benchmark exists to read a quote against.

Validity is the lever you hold. An e-scrip is valid for two years from its creation in the ledger under Regulation 6(2) of the Electronic Duty Credit Ledger Regulations, 2021, and that clock does not reset on transfer: a buyer taking a scrip in its final months inherits the same expiry you were looking at, which is precisely why they pay less for it. Past a point, waiting for a better percentage costs more than the discount you were avoiding, and an expired scrip is worth exactly nothing. When does a scrip expire covers the cliff.

The legal frame, in short

Selling is expressly provided for, and there is less paperwork than most sellers expect. E-scrips are governed by the Electronic Duty Credit Ledger Regulations, 2021. Registration of an e-scrip is automatic at the customs station of export under Regulation 5, so nothing has to be applied for once the scroll matures. Transfers are permitted and the number of them is not limited, which is what makes the instrument tradable at all. The sale of a scrip is GST-exempt under HSN 4907 (S. No. 137 of Notification 10/2025-Central Tax (Rate), effective 22-09-2025), so GST touches only the fee and never the scrip value, and a transfer made earlier cites the entry that was in force on its own date. Legacy DGFT scrips such as MEIS and SEIS are a different instrument on a different system, not the ICEGATE e-scrips this page is about.

On the schemes themselves, RoDTEP is notified to 30 September 2026 by DGFT Notification 74/2025-26, and RoSCTL, the Ministry of Textiles scheme for garments and made-up articles, runs to the same horizon. If no continuation is notified, fresh credits stop accruing when the notified period ends. A scrip already in your ledger is unaffected either way, because it keeps its own two-year validity. How large that scrip was at birth is a separate number entirely, set line by line in Appendix 4R as notified by DGFT Notification 32/2024-25 with effect from 10 October 2024 and amended most recently by Notification 15/2026-27 with effect from 1 May 2026: across the schedule this site carries, the percentage lines run from 0.01% to 3.9% of FOB, most commonly 0.5%, 0.7% or 0.9%, and many lines also carry a per-unit value cap, so the credit is the lower of rate times FOB and cap times quantity. Look up your own line in the tariff directory or run a shipment through the RoDTEP calculator.

Where to go from here

If you hold a scrip today, the shortest path is one firm quote and a decision inside the minute. If you export on a rhythm, set a floor once and let every future scroll sell above it or not at all, whole scrips only, with anything under the floor held for your tap rather than sold quietly. Before either, run your own face value through the scrip value calculator so the net is a number you brought with you, and read what moves the price so a percentage reads as a market read rather than a verdict. If you buy as well as sell, the same rails cover a Bill of Entry with scrips. See how Scriphouse works for exporters.

Frequently asked questions

How do I sell a RoDTEP scrip online?

Four moves. Take a firm quote on the scrip you hold, held for sixty seconds. Agree the price as a share of face value, so 97.50% on a Rs 10,00,000 scrip is Rs 9,75,000 gross. Transfer the e-scrip on ICEGATE, where you initiate with the buyer's ICEGATE ID and IEC and verify with an OTP valid for fifteen minutes, and the scrip reads Transfer Pending until the buyer approves it. Then take the payout the same business day against a bank UTR, released after the transfer is confirmed.

Who buys RoDTEP scrips in India?

Importers with basic customs duty to pay. A scrip discharges duties of customs under the First Schedule to the Customs Tariff Act, 1975 and nothing else, so it is worth full face to an importer with a basic customs duty line and worth nothing to anyone without one. They buy below face because the gap between what they pay and the duty they discharge is their whole return, and their appetite is capped by their basic customs duty, not by their total duty bill.

Is it better to sell to one broker or into aggregated demand?

A single bid is one buyer's appetite on one day, quoted through the layers that have to be paid out of it, and you cannot see which part is market and which part is margin. Aggregated demand puts the same scrip in front of the whole buy side at once, so the price is set by the keenest buyer who can absorb the lot. The ask is capped at face value in either case, because no importer pays more than the duty a scrip discharges.

When do I get paid after transferring a scrip?

The same business day, T+0. Settlement is atomic delivery versus payment: buyer funds are secured before the scrip moves, and the payout releases against confirmation of the transfer with a bank UTR. If a settlement fails at any step, it unwinds and refunds in full the same day.

What does it cost to sell a scrip?

The first trade on your IEC is free on both sides. After that the sell side carries 0.40% of the value that settles plus 18% GST on that fee, charged only when a trade settles. On a Rs 9,75,000 settlement that is Rs 3,900 of fee and Rs 702 of GST, for a net of Rs 9,70,398. The scrip sale itself is GST-exempt under HSN 4907, so no GST touches the scrip value.

Can the buyer stall or refuse the transfer after I have initiated it?

Yes, and that is where counterparty risk lives in a private deal. Per the ICEGATE e-scrip advisory, the scrip sits in Transfer Pending until the transferee approves it, and either side can reject, producing Transfer Rejected. Nothing moves while it is pending. Securing the buyer's funds before the scrip is transferred is what removes the exposure.

Does an older scrip sell for less?

Yes. An e-scrip is valid for two years from its creation in the ledger under Regulation 6(2) of the Electronic Duty Credit Ledger Regulations, 2021, and that clock does not reset on transfer, so a buyer taking a short-dated scrip inherits the same expiry and pays less for the shorter runway. A scrip does not improve with age, and an expired one is worth nothing.