What a RoDTEP or RoSCTL scrip of a given face value comes to, worked two ways: the indicative proceeds of selling it, and the indicative cost of covering assessed duty with scrips instead of cash. Every figure derives from the two rates the pricing page publishes and works through, and every figure is indicative: a real scrip is priced live, at the moment you ask, with the reasons shown.
Worked at the indicative rates on pricing: a 98.45% firm bid to the seller, 98.70% of face to a buyer covering duty. An illustration, not an offer to trade. Your own scrip is priced when you ask, against live demand on the day.
A scrip's value is always a percentage of its face value. It pays its full face against basic customs duty, and it changes hands below face because a buyer is paying cash today for a credit they will apply later; why scrips trade below face covers the gap. What moves an actual price on an actual day, the scheme, the validity left, the size and wholeness of the lot, and buy-side appetite, is covered in what a scrip is worth today.
The number you can act on is not on this page. It is the Sell Now offer on your own scrip: priced live, firm for sixty seconds, with the payout released against confirmation of the transfer, carrying a bank UTR, the same business day. How the sell side runs and how duty cover works take it from here, and the customs duty calculator works the duty side of an import line.
Always as a percentage of face value. A scrip pays its full face against basic customs duty, and it changes hands below face because the buyer pays cash today for a credit they apply later. This calculator works from the two rates the Scriphouse pricing page publishes and works through, so the figures are indicative and self-consistent rather than a market quote.
No. It is an indicative figure derived from the published pricing example, shown so the arithmetic of a sale or a cover is legible. A real scrip is priced live at the moment a price is asked for, against demand for that scheme, expiry band and size, and the only number that binds anyone is a Sell Now offer, firm for sixty seconds.
For a face value you set: the indicative gross on a sale, and the commission Scriphouse would ordinarily charge and does not charge on your first trade, which is 0.40 percent of the value that settles plus 18 percent GST, charged only when a trade settles. That saved fee is our own published price, not a comparison with anyone else.
For an assessed duty amount: the indicative cost of covering it with scrips instead of cash, and the difference against paying the same duty in cash. The saving is a genuine subtraction from a number the importer would otherwise hand over.
Because no single number is right for every scrip on every day. The scheme, the validity remaining, the size and wholeness of the lot, and buy-side appetite all move a real trade. The offer you can act on shows its reasons alongside the number.
