How to Sell RoDTEP Scrips Online: Rates, Process, and Getting Paid the Same Day
Your scroll matured at the port. The scrip issued and landed in your ledger. From here, selling it is not a hunt for a broker and a price. It is one firm offer, locked for sixty seconds, paid in minutes, same day (T+0). This is how that works.
What a RoDTEP scrip is, and where it lives
A RoDTEP scrip is a duty-credit instrument the government issues to remit the embedded duties and taxes on what you exported. RoSCTL works the same way for apparel and made-ups. Both are recorded as e-scrips in the Electronic Duty Credit Ledger on ICEGATE, each with a face value and an expiry.
On ScripX, the scrip arrives on its own. The scroll matures at the port, the scrip issues, and it lands in your Scrip Ledger with a status: Issued, Reserved, or Transferred. Nothing to fetch, nothing to chase. The moment a scrip is Issued, it is sellable.
Sell Now: one firm offer, not an auction
Selling a scrip on ScripX is not posting a listing and waiting for bids. It is a single Sell Now offer: one firm price, benchmarked to the Scrip Reference Rate, locked for sixty seconds. The offer shows its reasons on the same screen: the base rate, any surge, and the expiry band the scrip falls into. You either take it inside the minute or you do not. There is no negotiation to lose and no counterparty to wait on.
Because the offer is benchmarked to the SRR, it is not a number a desk invented for you. A scrip more than ninety days from expiry earns full value; one inside ninety days carries a small expiry adjustment; and a lot over two crore of face value earns a size premium. The SRR explainer lays out every band.
Autopilot: every future scroll sells itself
If you would rather not open the app each time a scrip issues, Autopilot does the selling for you. You set a floor, for example 97.00% of face, and from then on every future scroll sells at the SRR or better, above that floor, whole scrips only. Anything outside your guard-rails is not sold quietly in the background; it is held for your tap. You keep the veto without keeping the chore.
Getting paid in minutes, same day
This is the part that separates a listing from a settlement. When your offer is taken, the buyer's funds lock in a partner-bank virtual account before your scrip moves. Only then does the transfer execute from you to the buyer on ICEGATE. ScripX runs the transfer under a signed, revocable mandate and never takes title to the scrip itself.
The moment ICEGATE confirms the transfer, your payout fires by IMPS with a UTR, in minutes, same day (T+0). If a settlement fails, it unwinds and refunds in full the same day. There is no float sitting with a counterparty and no week-long wait for a cheque.
What it costs
In early access the sell side is zero commission and zero processing, so a settled trade costs you nothing. The standard fee after early access is 0.40% of face value plus 18% GST, and it is charged only when a trade settles: no subscriptions, no listing fees, no minimums. The sale of the scrip itself is GST-exempt under HSN 4907 (Notification 02/2017); the GST applies only to the ScripX fee. Every trade ships a GST invoice and a net-realisation statement that shows the price, the fee, and your take-home, so there are no surprises after the money lands. The full breakdown is on the pricing page.
Why a buyer can trust the scrip, and why that protects you
Before any scrip is listed, ScripX screens its provenance: the shipping-bill chain, the seller IEC history, KYC, and the live ledger status. That screening is what lets a buyer pay confidently, which is what keeps offers firm. Government notifications from September 2022 also shield a bona-fide transferee from a seller's prior defaults, so a clean scrip stays clean in the buyer's hands. A market that screens before it trades is a market where your good scrip does not get discounted for someone else's bad one.
Where to go from here
If you hold scrips today, the shortest path is a single Sell Now offer; if you export on a rhythm, set an Autopilot floor once and let each scroll sell itself. Read the Scrip Reference Rate next so the offer numbers read as fair rather than mysterious. And if you buy as well as sell, the same rails cover a Bill of Entry with scrips instead of cash. See how ScripX works for exporters.
Frequently asked questions
How do I sell a RoDTEP scrip on ScripX?
Once a scrip is Issued in your Scrip Ledger, open Sell Now. You get one firm offer, benchmarked to the Scrip Reference Rate and locked for sixty seconds, with the base rate, surge, and expiry band shown. Accept it inside the minute and the trade settles in minutes, same day (T+0).
When do I get paid after I sell a scrip?
The same business day, T+0. The buyer's funds lock in a partner-bank virtual account before the scrip moves; once ICEGATE confirms the transfer, your payout fires by IMPS with a UTR. A failed settlement unwinds and refunds in full the same day.
What does it cost to sell a scrip?
Zero commission and zero processing in early access. The standard fee after is 0.40% of face value plus 18% GST, charged only when a trade settles. The scrip sale itself is GST-exempt under HSN 4907; the GST applies only to the ScripX fee.
Can I sell every future scrip automatically?
Yes. Autopilot sells every future scroll at the SRR or better, above a floor you set such as 97.00%, whole scrips only. Anything outside your guard-rails is held for your tap rather than sold quietly.
