Revolut is consumer-focused. Skydo is built for Indian businesses, with FIRA, flat fees, and RBI authorisation.

Revolut India is a global financial technology company that offers a range of digital banking services to over 65 million personal users and 500,000 business users worldwide. Through its mobile app, Revolut provides multi-currency accounts, debit cards, foreign exchange, and other financial services.&nbsp;

The company prioritizes security, utilizing end-to-end encryption and partnering with regulated banks to store user funds. 

Revolut in India: what’s confirmed—and what to realistically expect

Revolut has opened a waitlist for interested users, but the initial rollout is expected to be limited to a select group, with mass availability pending further developments.&nbsp;

Limitations &amp; watch-outs for Indian users

When considering Revolut's upcoming launch in India, there are several limitations and watch-outs that users should be aware of:

If you receive business payments from abroad

If you are an Indian business, freelancer, agency, or SaaS company receiving payments from international clients, it's important to note that Revolut's services are not yet widely available in India.&nbsp;

Moreover, the company's current communication primarily focuses on a consumer-oriented payments launch, which includes UPI integration and card services.

As an exporter, you have specific requirements to ensure compliance and smooth operations. These include purpose-code mapping, Foreign Inward Remittance Advice (FIRA), <a href="https://www.skydo.com/blog/what-is-e-brc">Electronic Bank Realisation Certificate (eBRC),</a> predictable settlement, and transparent foreign exchange rates. At present, there is no clear indication that Revolut's Indian offering will cater to these business-specific needs at launch.

This is where Skydo emerges as a compelling alternative, tailored specifically for Indian exporters.&nbsp;

A business-grade alternative for exporters &amp; freelancers: Skydo

Skydo is a purpose-built platform designed specifically for Indian freelancers, agencies, SaaS providers, and SMBs receiving international client payments.&nbsp;

Skydo prioritizes compliance, efficiency, and transparency, enabling your business to streamline international payment workflows and focus on growth.&nbsp;

If you're an Indian exporter seeking a comprehensive solution for managing client payments, Skydo offers the tools and features you need to succeed.

Quick comparison: Skydo vs. Revolut India&nbsp;

Here's a quick comparison table between Skydo and Revolut India at launch:

As the rollout begins, waitlisted users will be invited to access the app in phases, with priority given to early registrants

Getting started with Skydo takes just a few minutes:

That’s it — your international payment setup is ready.
Join thousands of Indian businesses using Skydo to get paid globally, faster, and without <a href="https://www.skydo.com/blog/hidden-fees-in-bank-rates">hidden fees</a>.

👉 <a href="https://www.skydo.com/">Create your account today</a>

Cashfree makes it easy to manage both domestic and international flows in one place. As export volumes grow, some teams explore adjacent options, not because Cashfree “doesn’t work,” but to see which platform best matches their ticket sizes, settlement needs, <a href="https://www.skydo.com/blog/forex-markup-fee-explained">FX preferences</a>, and compliance workflow.

Think of Cashfree as a generalist payments stack that also supports export collections.

When teams look for Cashfree alternatives

With that lens, here are the leading alternatives to Cashfree and where each one fits.

Skydo: Export-first collections (freelancers, agencies, SaaS, exporters)

If your revenue is primarily from overseas clients, Skydo is purpose-built for that motion. 

Three things stand out for export teams:

Why pick Skydo over other Cashfree competitors? Because it removes guesswork where exporters feel it the most: FX clarity, compliance artefacts, and payout speed.

Payoneer: Marketplace-native (Amazon Global, Upwork, Fiverr)

If most of your receivables come from marketplaces, <a href="https://www.skydo.com/blog/payoneer-payment-gateway-features-fees">Payoneer</a> is familiar—and for good reason. You can receive in multiple currencies, withdraw to your Indian account, and keep your accounting straightforward. Payoneer also offer free FIRA for every payment.&nbsp;

<a href="https://www.skydo.com/blog/payoneer-fees-india-guide">Fees vary by route and volume.</a> For virtual account transfers, fees can be up to 1%, while credit card payments carry a 3.2% fee+ a small fixed fee. There's also a 3% <a href="https://www.skydo.com/blog/currency-conversion-fees">conversion fee</a> while converting the amount to INR.&nbsp;

Pick Payoneer if your primary motivation is “get paid from marketplaces reliably” and you value minimal setup over granular control of each corridor.

Wise&nbsp; Business:&nbsp; Transparent FX for lighter volumes

<a href="https://www.skydo.com/blog/transferwise-india-features-benefits-pros-cons">Wise</a> is known for its mid-market FX and its super intuitive UI. If your cross-border volume is under USD 10k, Wise’s multi-currency accounts and predictable conversion method feel refreshingly simple.

Wise supports up to USD 10k/invoice and also offers <a href="https://www.skydo.com/blog/automated-firc-simplifying-international-payments-compliance">fira</a> for every payment, albeit at an additional cost of USD 2.50&nbsp;

As mentioned, it offers a midmarket rate without any markup and<a href="https://www.skydo.com/blog/wise-transfer-charges-in-india"> its fee</a> ranges mostly between 1.6-1.8%.&nbsp;

Choose Wise if you prize transparency and ease, and your current scale doesn’t demand advanced export workflows.

Stripe: Global SaaS billing (India availability varies)

For teams with a strong subscription or recurring billing motion, <a href="https://www.skydo.com/blog/stripe-india-charges-review-alternatives">Stripe</a> is a developer’s favourite: flexible pricing models, solid APIs, and battle-tested tooling across many currencies. However, here are the things you need to know

Choose Stripe when your product is subscription-led and engineering flexibility matters more than out-of-the-box export ops.

PayPal: Familiarity that can lift conversion

Sometimes the fastest way to get paid is to meet the buyer where they already are.<a href="https://www.skydo.com/blog/paypal-in-india-charges-review-alternatives"> PayPal </a>is globally recognised, often improving first-time conversion.

 On the flip side, total cost (cross-border + conversion) can be up 8% higher than bank-rail options. It offers a monthly digital FIRA that is available by the 15th of the next month

Choose PayPal when buyer preference is the deciding factor and you want instant recognizability.

Cashfree vs competitors: how to actually choose

If you’re happy with a single, generalist stack, Cashfree does the job, especially when you need domestic + international + gateway in one place. I

If you’re running an export-led operation and want mid-market FX, flat fees, faster INR, and per-payment FIRA by default, shortlisting Skydo is a smart next step.

If you’re billing overseas clients, from a SaaS subscription to a consulting invoice, you want three things: a. the payment to land on time, b. The INR you receive to be predictable, c. and the paperwork to be airtight.

This guide explains how Cashfree handles international payments, what it costs, what documents you get, and when a specialised exporter platform (like Skydo) might fit better.

Cashfree is a Bengaluru-based payments company. Domestically, it’s an RBI-licensed Payment Aggregator. For cross-border, it offers two ways to collect and settle in INR:

Let's take a moment to understand both these methods.&nbsp;

1) Global Collections Account (virtual accounts + local rails)

Best for: Invoices from overseas clients (freelancers, agencies, IT/consulting, SaaS).

In short: Feels like a “local bank account” for your client; you receive INR in India with per-payment <a href="https://www.skydo.com/blog/automated-firc-simplifying-international-payments-compliance">fira</a>.

2) International Payment Gateway (cards/APMs)

Best for: Online checkout flows (eCommerce, digital goods, subscriptions, SaaS).

In short: Optimised for conversion at checkout with multi-currency presentation; compliance comes as period summaries.

Cashfree International Payments Charges — what to expect

Use the International Gateway when:

Quick comparison: Global Collection Account vs Payment Gateway

A focused alternative for exporters: Skydo

While Cashfree gives Indian businesses multiple ways to collect payments, it’s still built to serve both domestic and international flows.
If you’re an exporter or freelancer who deals primarily in foreign payments, Skydo might be a better fit because it’s designed only for that.

With Skydo, you get global bank accounts in your business’s name across major currencies like USD, EUR, GBP, CAD, and AUD.
Your clients can pay you through their local payment methods, ACH in the US, <a href="https://www.skydo.com/blog/what-are-sepa-transfers">sepa</a> in Europe, Faster Payments in the UK, and the funds reach your Indian account at live forex rates with zero markup.

If your client’s in the US, you can even share an InstaLink; they can pay instantly via card (5%) or ACH debit (2%) at midmarket rates without any markup

Every payment comes with an instant FIRA and eBRC (for Amazon sellers).

In short, Skydo takes care of the entire export payment journey,&nbsp; from collection to compliance, without the guesswork or hidden forex costs. So try Skydo today and let us take on of your payment worries

If you’re receiving payments from clients abroad, you need a platform that’s fast, compliant, and cost-efficient.
Remitly is one of the most trusted names for cross-border transfers, known for its smooth user experience and reliability in personal remittances.
But when it comes to commercial or business payments, the requirements are slightly different.

This guide breaks down how Remitly works, where its use cases differ for businesses, and what alternatives you can consider if you regularly <a href="https://www.skydo.com/blog/how-to-receive-international-payments-in-india">receive international payments</a> for services or exports.

Remitly is an American fintech company that enables individuals to send money internationally with speed and transparency.
It operates in 30+ sending countries and supports 170+ receiving destinations,&nbsp; including India, processing over $18.5 billion in annual volume.

Here’s what users consistently appreciate about Remitly

For personal transfers, these features make Remitly an excellent choice.

Where Remitly’s Model Differs for Business Payments

While Remitly is built on strong technology and trust, its framework and regulatory positioning are optimised for individual remittances, not commercial inflows.

Here are the key factors to know before using it for business payments:

Remitly is built for personal money transfers, things like family support or individual remittances.
If you’re receiving client or export payments through it, that technically falls outside its permitted use.

Such transfers aren’t treated as business receipts under Indian regulations, which means you won’t get a valid<a href="https://www.skydo.com/blog/all-you-need-to-know-about-firc-a-complete-guide"> FIRA for them</a>.
Without that, reconciling income during audits or export filings can turn into a hassle later.

For every foreign payment received, Indian businesses require certain documents for compliance,&nbsp; namely, the Foreign Inward Remittance Advice (FIRA) and, for goods and software exporters coming under <a href="https://www.skydo.com/blog/softex-form-guide-indian-exporters">SOFTEX</a>,&nbsp; an <a href="https://www.skydo.com/blog/what-is-e-brc">eBRC (Electronic Bank Realisation Certificate</a>) is also needed

Remitly does not automatically issue these documents since it isn’t designed for export-linked commercial flows.
Businesses or freelancers receiving such payments may need to approach their bank separately to obtain them,&nbsp; a process that can take 7–15 days and often involves additional fees.

3. Remitly Business: Limited to U.S. Senders

Remitly also offers <a href="https://www.remitly.com/us/en/landing/business">Remitly Business</a>, a dedicated account for U.S.-based companies (LLCs, corporations, and <a href="https://www.skydo.com/blog/how-to-stay-competitive-as-a-sole-proprietor">sole proprietors</a>) sending money abroad.
However, this service focuses on the sending side of the transaction.
For Indian freelancers or exporters receiving payments, compliance and reconciliation responsibilities still rest locally.

So while Remitly Business adds convenience for senders, it doesn’t yet extend a full commercial payments framework for receivers in India.

What to Look for in a Business-Grade Remitly Alternative

If you often receive client payments for exports or services, look for platforms that specifically support B2B inward remittances.
Here’s a tactical checklist:

Top Remitly Alternatives for Indian Freelancers &amp; Businesses

Below are platforms better suited for business transactions and exports, each with distinct strengths.

<a href="https://www.skydo.com/blog/transferwise-india-features-benefits-pros-cons">Wise offers </a>multi-currency accounts and transparent conversion at the mid-market rate.
It supports 50+ currencies and issues digital <a href="https://www.skydo.com/blog/automated-firc-simplifying-international-payments-compliance">fira</a> for inward remittances to India (charged per transaction).

<a href="https://www.skydo.com/blog/payoneer-payment-gateway-features-fees">Payoneer</a> remains one of the most established names for Indian service exporters and marketplace sellers.

A solid option for those who receive payments from established platforms or recurring global clients.

<a href="https://www.skydo.com/blog/paypal-in-india-charges-review-alternatives">PayPal</a> is still among the most widely accepted payment methods globally.
For Indian users, it supports only cross-border transactions — no domestic INR payments.

PayPal’s universal recognition helps with client trust, though its pricing is on the higher side for frequent transactions.

<a href="https://www.skydo.com/blog/stripe-india-charges-review-alternatives">Stripe’s infrastructure </a>is exceptional for global SaaS and developer-focused businesses.
However, in India, it remains invite-only and supports international card payments only.

An Indian platform that now supports inward and <a href="https://www.skydo.com/blog/outward-remittance">outward remittance</a>.

Best suited for startups or SMEs with frequent USD payments.

A Bangalore-based platform focused on affordable cross-border collections.

Also offers treasury management options for idle cash, a rare bonus.

7. Skydo: Best Remitly Alternative for Indian Businesses

Skydo is an India-first platform designed specifically for exporters, agencies, and freelancers receiving global payments.
It brings together compliance, speed, and transparency in one dashboard.

Skydo functions as a business-grade receiver, simplifying every step from payment to compliance.

Skydo vs Remitly: Business Readiness at a Glance

Final Take: How to Pick the Right Platform

When choosing a Remitly alternative, focus on your actual needs — not just fees.

With Skydo, you get both,&nbsp; the transparency of a fintech and the compliance of a regulated Indian platform.
You can sign up in under 5 minutes and start receiving payments globally with automatic FIRA, no paperwork, no follow-ups.

👉 <a href="https://www.skydo.com?utm_source=chatgpt.com">Get started with Skydo</a> and simplify your international business payments today.

Skydo keeps fees flat as your invoices grow, so bigger payments don't mean bigger cuts.

Skydo vs Infinity: What each platform does

Skydo is an India-first <a href="https://www.skydo.com/blog/cross-border-payments">cross-border payment</a> platform built for international freelancers and exporters. You get virtual accounts in major countries like the US, UK, Canada, and Australia. Your international clients pay into what appears to be a local bank account, but the funds are transferred directly into your Indian bank account within 24-48 hours.

💸: For that $5,000 project, you'd pay $29 in fees and receive the rest at live market rates, with all compliance paperwork handled automatically.

<a href="https://www.skydo.com/blog/infinity-payment-features-and-fees-breakdown">Infinity</a> is a Y Combinator-backed cross-border payment platform that provides Indian freelancers and exporters with virtual local accounts in key countries. When your clients need to pay you, they send money to what appears as a regional bank account in their country.

When choosing between payment platforms, the details matter. Here's how both stack up across the factors that impact your daily operations:

Receiving USD 10,000 in India with Skydo vs Infinity

Let's say you just completed a major web development project for a US-based start-up, and they're ready to pay you $10,000. Here's exactly what you'd receive with each platform:

Your savings with Skydo: $21 in fees, which translates to ₹1,785 more in your account.

Infinity: The platform emphasises virtual accounts and bank transfers on its main pages. Card and ACH acceptance isn't prominently listed in their standard offerings, so you'd need to verify these options directly with their team if your client prefers these payment methods.

The bottom line: For standard bank transfers, you save $21 per $10,000 transaction with Skydo. Over multiple projects throughout the year, these savings add up while you get the same zero-markup exchange rates and compliance support.

The right platform depends on how you work and what your clients prefer. Here's a quick guide based on different freelancer situations:

Need card/ACH payment options: Your US clients want to pay via Visa/Mastercard or ACH transfers through InstaLinks, with instant <a href="https://www.skydo.com/blog/automated-firc-simplifying-international-payments-compliance">fira</a> generation and India-based support for quick issue resolution.

Sell on Amazon Global Selling: As an official PSP-approved partner, you get tailored pricing, seamless seller dashboard integration, and automated eBRC generation for export compliance.

Handle larger invoices: For larger invoices, Skydo's&nbsp;Flat fees or 0.3% fee turns out to be more affordable, coupled with its live forex rate.&nbsp;

Want comprehensive support: India-based team guides setup in your timezone with a better understanding of local compliance requirements.

Handle smaller, frequent payments:&nbsp;A flat 0.5% rate can be straightforward for recurring smaller transfers. If you have US clients, Skydo’s InstaLinks give you another option for these payments, with percentage-based pricing that can work well on lower ticket sizes, live forex rates, free FIRA on every transfer, and built-in card support.

Work primarily through Upwork/Deel: The Platform specifically highlights compatibility, though you should compare actual costs for your typical invoice amounts first.

Prefer simple bank transfers only: Clients are comfortable with standard <a href="https://www.skydo.com/blog/international-wire-transfer-all-you-need-to-know">international wire transfers</a>, and you don't need card payment flexibility.

The decision comes down to your average invoice size and payment preferences. Skydo offers better value for larger amounts and more payment flexibility, while Infinity appeals to those wanting simple percentage-based pricing.

Skydo's approach: Live zero-margin FX combined with flat pricing till USD 10,000 means you get the actual interbank exchange rate without any hidden markup. For an $8,000 invoice, you pay $29 regardless of currency fluctuations. If the dollar strengthens against the rupee during processing, you benefit from the better rate without paying extra fees.

Infinity's model: The 0.5% all-in fee includes everything with no FX markup. That same $8,000 invoice costs you $40, but the percentage stays consistent whether you're receiving $1,000 or $50,000. Both platforms eliminate the 2-4% forex margins that banks typically charge.

Skydo: Instant FIRA generation means the moment your payment processes, the compliance document hits your inbox automatically. For Amazon Global Selling merchants, Skydo also handles automated <a href="https://www.skydo.com/blog/what-is-e-brc">eBRC (Electronic Bank Realization Certificate)</a> generation, streamlining your export documentation without manual paperwork.

Infinity: Offers instant free FIRA, ensuring you get the necessary compliance documentation for your international payments. The platform handles the regulatory requirements, though the specific timing and automation level may vary.

Skydo: US card and ACH payments work through InstaLinks. You share a payment link with your client, they pay using their preferred method (Visa/Mastercard at ~5% or ACH at ~2%), and you receive the funds at live FX rates with instant FIRA. Your client gets a familiar payment experience while you maintain compliance.

Infinity: Focuses primarily on virtual local accounts for bank transfers. Clients send money to what appears as a regional bank account in their country. Card payment support isn't prominently featured on their main pages, so you'd need to verify this option directly with their team if clients prefer card payments.

Skydo: Official PSP-approved status for Amazon Global Selling means direct integration with your seller dashboard and tailored pricing for marketplace withdrawals. The platform also supports payments from Deel, Upwork, and other freelancing platforms, plus offers business analytics, real-time tracking and GST-compliant invoicing tools.

Infinity: Specifically highlights compatibility with Upwork, Deel, and other global client platforms. The focus remains on streamlining payments for freelancers working through these popular marketplaces, and like Skydo, it also offers payment tracking.

Your US startup client appreciates the convenience of card payments and prefers to avoid international wire transfers.

Infinity option: Card payment support is not clearly listed on their platform. You should contact their team to verify if this payment method is available for your client.

$8,500 EU software project via bank transfer

You just delivered a custom CRM system for a Berlin-based company. They're ready to pay via standard bank transfer.

Note: Both platforms offer free and instant FIRA Savings with Skydo: $13.50 in fees = ₹1,147.50 more in your account

Step 1: Sign up and get verified: Create your Skydo account in under 5 minutes. Upload your business documents (PAN, bank details, basic KYC). The India-based support team guides you through verification, usually completed within 24 hours.

Step 2: Get your virtual accounts:&nbsp; Once verified, you receive <a href="https://www.skydo.com/blog/virtual-account-numbers">virtual bank accounts</a> in the US, UK, Canada, Australia, and other countries. Each account comes with local routing numbers that your clients can use for payments.

Step 3: Update your next client invoice:&nbsp; Instead of your old payment details, add your new Skydo virtual account information to your invoice. Your US client sees familiar US bank details, your UK client sees UK account details, and so on.

Step 4: Notify your client about the change:&nbsp; Send a quick message: "I've switched to a new payment processor for faster, more reliable international transfers. Please use the updated bank details on your next payment." Most clients appreciate smoother payment processing.

Step 5: Track and receive:&nbsp; Once your client pays, track the payment status in real-time through your Skydo dashboard. Within 24-48 hours, funds are deposited into your Indian bank account, and an instant FIRA is automatically sent to your email.

💡Pro tip: Start with one client to test the process before switching all your payment flows. This way, you can experience the difference firsthand while maintaining backup options for other clients.

Both Skydo and Infinity solve the same problem: simplifying international payments for Indian freelancers and exporters. Your choice depends on payment size and client preferences.

Choose Infinity if you handle smaller, frequent payouts under $3,800 and clients prefer bank transfers. The 0.5% flat rate works better for smaller amounts, and the platform also offers instant FIRA

Choose Skydo if you deal with larger invoices, need card/ACH options, or sell on Amazon. Flat fees save money on bigger payments, plus you get instant FIRA and India-based support.

The math decides: A $15,000 project costs $45 with Skydo versus $75 with Infinity. But an $800 payment costs $6 with Infinity versus $19 with Skydo.

Calculate your typical payment amounts and client preferences. Both beat traditional banking - pick whichever saves you more.

Wire transfers can take 5 days. Skydo settles in 24 hours through local rails, no intermediary chain involved.

When your client says, “I’ll wire you the money,” they’re talking about an <a href="https://www.skydo.com/blog/international-wire-transfer-all-you-need-to-know">international wire transfer</a>. Simply put, it’s a bank-to-bank payment sent across borders. These transfers run on the SWIFT network – a secure system that connects more than 11,000 banks around the world. Think of it as a global messaging system where banks talk to each other to move your money safely.

Here’s how it works: your overseas client enters your account number and your bank’s SWIFT/BIC code, hits send, and the money makes its way through SWIFT until it lands in your Indian bank account. Big companies and platforms like Amazon Global or Upwork still prefer wires because they’re reliable, can handle large payments, and support all major currencies.

Despite these advantages, wire transfers have downsides: they are relatively slow, often incur <a href="https://www.skydo.com/blog/hidden-fees-in-bank-rates">hidden fees</a> or poor exchange rates, and offer little visibility on the funds during transit. We explore the timing and drawbacks below.

How Long Do International Wire Transfers Take?

Typically, international wire transfers take 1–5 business days to complete. In the best case, if everything aligns (banks have a direct relationship, the sender initiates early in the day, no currency conversion needed), money can arrive in 1–2 days. 

A more common scenario is 3–4 days for the funds to clear. Occasionally, complications can stretch it to 5 or more business days. Factors like bank cut-off times, weekends/holidays, and compliance checks can add days (for example, a Thursday wire that meets a holiday on Friday may not complete until Monday).

Average International Wire Transfer Time by Region

These are ballpark timelines. Actual transfer time can vary due to factors like <a href="https://www.skydo.com/blog/intermediary-bank-meaning-and-hidden-fees">intermediary banks</a>, compliance checks, incorrect details, weekends, or public holidays (in either country).

Reasons Why Your Wire Transfer Might Be Delayed

International payments can be held up for many reasons beyond your control:

Pros and Cons of Wire Transfers (Especially for Indian Exporters)

How to Receive International Payments Faster (Without the Stress)

While you can’t control foreign bank policies, you can take steps to minimise delays on your end:

Skydo: Faster, Simpler Global Payments for Indian Exporters

One modern solution is Skydo – a fintech built for Indian exporters and freelancers. Skydo issues you <a href="https://www.skydo.com/blog/virtual-account-numbers">virtual bank accounts</a> in countries like the USA, UK, Australia, and more. When a client in, say, the US sends USD to your virtual USD account, Skydo instantly receives it as a domestic wire. They convert and credit INR to your Indian account within about 24–48 hours, instead of waiting days for a traditional SWIFT transfer.

Skydo’s platform is transparent: they charge a flat fee per transfer and give you the exact mid-market exchange rate (zero hidden <a href="https://www.skydo.com/blog/forex-markup-fee-explained">forex markup</a>)Unlike banks, Skydo automatically generates the required FIRA for your receipt with no extra work &nbsp;You also get real-time tracking of your transfer status, so you always know where the money is. Dozens of businesses have switched to Skydo to avoid the usual wire transfer uncertainty.

If you’re tired of wondering when (or if) your SWIFT payment will show up, consider a modern payments platform. With Skydo and similar services, “what you see is what you get” – all fees upfront, mid-market rates, and fast settlements

RoSCTL claims need clean export records. Skydo issues FIRA on every payment, so your scheme claims stay audit-ready.

Many apparel and textile exporters still lose profit margins due to embedded state and central taxes that aren't refunded through GST.&nbsp;

RoSCTL (Rebate of State and Central Taxes and Levies) replaced the earlier <a href="https://www.dgft.gov.in/CP/?opt=meis">MEIS scheme</a> for the textile sector, helping Indian exporters stay cost-competitive by refunding these hidden taxes.

The India scheme covers state and central levies not addressed under GST, providing relief that can be the difference between profit and loss for businesses with thin margins. While the application process requires proper documentation, the margin improvement makes it worthwhile.

This guide covers the RoSCTL scheme benefits, its eligibility, and how to claim it.

Who Is Eligible for the RoSCTL Scheme (2025 Guidelines)

Many apparel and textile exporters still lose out on margins due to embedded state and central taxes that aren't refunded through GST. RoSCTL replaced the earlier MEIS for the textile and garment sector, helping the Indian export sector stay cost-competitive in global markets.

The scheme is only available to exporters of Apparel (Chapter 61 &amp; 62 of <a href="https://www.dgft.gov.in/CP/?opt=itchs-import-export">ITC-HS codes</a>) and Made-ups (Chapter 63).&nbsp;

You're likely covered if you're exporting t-shirts, bed linen, scarves, or other fabric-based goods. The scheme refunds embedded indirect taxes like electricity duty, VAT on fuel, and central excise duty on raw materials that GST doesn't address.

RoSCTL provides duty credit scrips - digital certificates issued by DGFT website that function like tradeable vouchers for paying customs duties. These scripts can:

For many MSME exporters, these scrips can add up to 3 - 6% of the FOB value, significantly boosting net margins by refunding embedded state and central taxes.

The RoSCTL process is straightforward and entirely digital, flowing seamlessly from export declaration to credit availability. Understanding this workflow helps exporters maximise their benefits efficiently.

Here are the steps to successfully claim RoSCTL:&nbsp;

Step 1: Ensure IEC, GST, and ICEGATE registration. You need a valid IEC (Import Export Code) and GSTIN for GST compliance, and you must be registered on ICEGATE with at least one GSTIN attached to access <a href="https://www.skydo.com/blog/export-promotion-schemes">export incentive schemes</a> like RoSCTL.

Step 2: File export under chapters 61–63 with the correct RoSCTL declaration. Submit the shipping bill through ICEGATE, ensuring the HS codes (61, 62, 63) are correct. Declare RoSCTL in the shipping bill using specific scheme codes at the item level.

Step 3: Track RoSCTL scrip issuance in ICEGATE (under Rebate Mechanism). Once the EGM is filed and processed, a scroll with all individual Shipping Bills for the admissible amount will be generated and made available in your ICEGATE account under the E-Scrip Module.

Step 4: Download and use scrips via the customs portal or trade. The duty credit amount will be available within the ledger created for the <a href="https://www.skydo.com/blog/iec-code-apply-online">iec</a> holder in their ICEGATE login to claim and convert into duty credit scrip, which can be used for paying Basic Customs Duty or transferred to other entities.

Step 5: Maintain a record for GST, refund, and income tax purposes. Exporters must maintain records of shipping bills and all export-related documents for three years from the date the scrip was issued for post-issue scrutiny and recovery purposes, and ensure proper GST compliance through GSTR-1 filing.

RoSCTL (an initiative by the government of India) rates are notified via <a href="https://www.dgft.gov.in/CP/">DGFT </a>and <a href="https://taxinformation.cbic.gov.in/view-pdf/1003137/ENG/Circulars">CBIC circulars</a>, varying by HS code and product. The Ministry of Textiles notifies rates under the scheme in four schedules. Schedules 1 and 2 specify the Central and State taxes and levies for apparel and made-ups, while Schedules 3 and 4 give the Central and State taxes applicable for apparel export products when fabric has been imported duty-free under the Special Advance Authorisation Scheme.

💡Pro tip: Match the HS code in your invoice and shipping bill exactly with the notified RoSCTL code for accurate credit calculation, as benefits are calculated based on declared export FOB value or up to 1.5 times the market price, whichever is less.

Understanding the differences between these export incentive schemes helps Indian textile exporters make the right choice and to achieve maximum benefits.

If you're exporting both garments and packaging (e.g., cotton bags), split your RoSCTL and RoDTEP claims accordingly, use RoSCTL for textile items under eligible chapters and RoDTEP for other products like packaging materials that fall outside the textile classification.

Even small errors can lead to significant delays or loss of benefits. Here are the most frequent mistakes exporters make when claiming RoSCTL:

Filing under wrong HS codes or chapters - Ensure your products are classified under the correct chapters 61, 62, or 63 of ITC-HS codes, as RoSCTL is only available for apparel and made-ups under these specific classifications. Hence, make sure to input accurate information&nbsp;

Forgetting to tick the RoSCTL declaration in shipping bills - You must make a specific declaration in the shipping bill using appropriate scheme codes at the item level, as the absence of proper scheme codes means the RoSCTL benefit would not be available

Not checking ICEGATE regularly for issued scrips - RoSCTL scrips are typically issued within 2-4 weeks after customs clearance, and you need to actively monitor your ICEGATE account under the E-Scrip Module to claim and convert credits into duty credit scrips

Assuming RoSCTL auto-applies, you must declare it during export filing. The scheme requires active declaration by the exporter in the shipping bill at the time of filing, as benefits are not automatically processed without proper claim submission and scheme code selection

💡Pro tip: Double-check your HS codes against the RoSCTL rate schedules before filing, and always verify that your RoSCTL declaration appears correctly in your shipping bill to avoid processing delays.

While RoSCTL helps reduce your export costs through tax rebates, managing international trade and payments efficiently is equally crucial for your export business success.

Skydo streamlines your export payment process with:

Why this matters for RoSCTL exporters: Since you need to maintain proper documentation of foreign exchange receipts for RoSCTL compliance, <a href="https://www.skydo.com/blog/automated-firc-simplifying-international-payments-compliance">Skydo's instant FIRA</a> and real-time tracking ensure you have all necessary records for scheme benefits and GST refunds.

Combine RoSCTL tax savings with Skydo's payment efficiency to maximise your export profitability. Through RoSCTL, you can save on embedded taxes while reducing FX costs and processing delays through smarter payment solutions.

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