> ## Documentation Index
> Fetch the complete documentation index at: https://docs.scripxhq.com/llms.txt
> Use this file to discover all available pages before exploring further.
# How to sell RoDTEP scrips
> A step by step guide to selling RoDTEP and RoSCTL duty credit scrips: converting scroll to e-scrip, getting a firm price instead of a negotiated one, what a buyer checks, how transfer and payment are sequenced, and how to avoid the usual losses.
Most exporters never spend the duty credit scrips they earn, because most exporters do not import. The credit sits in the ICEGATE ledger, loses value as its expiry approaches, and eventually goes to zero. Selling is the normal outcome. This page is how that sale works, what it should cost you, and where sellers usually lose money.
RoDTEP and RoSCTL scrips sell identically. Everything here applies to both.
## Before you can sell: convert scroll to scrip
You cannot sell a scroll. You can only sell a scrip.
After customs generates the RoDTEP or RoSCTL scroll for your shipping bills, the sanctioned amount sits in your ICEGATE e-scrip ledger as an unconverted balance. It becomes a tradable instrument only when you create the **e-scrip** from it, at which point it gets a scrip number, a face value, and a validity date.
Two things to do before you talk price:
1. **Check for unconverted scroll balances.** Exporters routinely find sanctioned amounts they never converted.
2. **Check expiry dates on what you already hold.** Validity is what determines your negotiating position. See [Scrip validity and expiry](/concepts/scrip-validity-expiry).
## What a buyer is actually buying
A buyer is paying cash today for the right to pay customs duty later. It cares about exactly four things:
| What the buyer checks | Why |
| -------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Face value and balance** | The duty-paying power still on the scrip. A partly used scrip is worth its remaining balance, not its original face. |
| **Scheme** | `RODTEP` and `ROSCTL` trade in separate books at separate prices. |
| **Time to expiry** | The buyer must consume the credit before it dies. Short-dated paper is worth less. |
| **Provenance** | Which shipping bills the credit derives from, and whether the selling IEC is clean. A credit with a contested origin is a risk the buyer will not price at par. |
Everything in a scrip negotiation reduces to those four. If a quote you receive is not explainable in those terms, ask why.
## The two ways scrips get sold
You circulate the scrip details, collect indicative bids, haggle, agree a number, transfer on ICEGATE, then wait for payment. Price discovery is private and asymmetric, and payment risk sits with you.
You take a firm quote against a published benchmark, accept or decline, and title and money move together. Price is one number, and settlement is not a favour.
The structural difference is not the discount. It is **who carries the gap between transfer and payment**. In a negotiated deal, the seller transfers on the portal and then chases the money. On an exchange, the buyer's funds are locked before the scrip moves, and the payout fires on confirmation of the transfer.
## Selling on ScripX, step by step
Register the exporter's IEC and complete verification under the firm's own mandate. Once the firm's state is `connected`, its credits are readable. See [Register a firm](/api-reference/firms/create).
[`GET /v1/firms/{iec}/credits`](/api-reference/firms/credits) returns each credit with its `scheme`, `face_paise`, `balance_paise`, `expiry_date` and a `sellable` flag. A credit marked `sellable: true` has already cleared [provenance screening](/core-concepts#provenance-screening).
[`POST /v1/quote`](/api-reference/trading/quote) with the specific `scrip_no` returns one firm price for that exact credit: `price_bps` as a percentage of face in basis points, `all_in_paise` as the net rupees the seller receives, and `valid_until` as the window the price holds for. Nothing is deducted after `all_in_paise`.
[`POST /v1/orders`](/api-reference/trading/orders-create) carries `min_pct_bps`, a structural price floor. The order cannot fill below it. Send an `Idempotency-Key` so a retry never doubles the sale.
Settlement is delivery versus payment: buyer funds lock first, title transfers on ICEGATE, and the payout fires on confirmation of the transfer, by IMPS, with a bank **UTR** on the receipt. Minutes, same business day (T+0). A settlement that cannot complete unwinds and refunds in full the same day.
The full sell-side walkthrough with request and response bodies is in the [Exporter guide](/guides/exporter-sell).
## Reading the price you are offered
Scrip prices are quoted as a percentage of face value. On the ScripX API that is **basis points**: `9650` means 96.50% of face, so a scrip with ₹10,00,000 of face value pays out ₹9,65,000.
The published benchmark, the [Scrip Reference Rate](/core-concepts#the-scrip-reference-rate-srr), is available without an API key at [`GET /public/rates`](/api-reference/public/rates), with the daily series at [`GET /public/rates/{scheme}/history`](/api-reference/public/rate-history). Knowing the benchmark before you take a bid is the cheapest leverage a seller has. What moves the number is covered in [Duty credit scrip price and discount rate explained](/concepts/scrip-price-discount).
## Where sellers lose money
* **Letting scrips age.** The discount widens as expiry approaches, and an expired scrip is worth zero. This is the single largest source of loss.
* **Never converting scroll to scrip.** Sanctioned money that was never turned into an instrument.
* **Selling without a benchmark.** Accepting the first bid with no reference point.
* **Transferring before being paid.** Once a scrip has moved on the portal, your leverage is gone. Sequence matters more than the last few basis points.
* **Splitting attention across many small scrips.** Small lots attract worse bids individually than the same face value handled as one book.
## Tax and accounting treatment
A duty credit scrip sale is **GST-exempt**: scrips are classified under **HSN 4907** and exempt under Notification 02/2017. There is no GST on the scrip value in the transfer. Sale proceeds are ordinarily accounted as income from the export incentive, and the discount to face is the cost of monetising early. Confirm treatment with your own tax adviser; this page is not tax advice.
## Frequently asked questions
No. Scrips transfer whole. A buyer's requirement is covered by a bundle of whole scrips, with any shortfall left over rather than a scrip being split. This is why the API reports a `residual_paise` on the buy side.
On ScripX the seller payout fires on ICEGATE confirmation of the transfer, by IMPS, with a UTR, in minutes on the same business day (T+0). In a negotiated private deal, payment timing is whatever the counterparty agrees to and honours.
The bank **UTR** on the payout. It is the reconciliation key, and it is carried into the tamper-evident [audit export](/api-reference/account/audit-export).
No. Selling is the exit for exporters who do not import. That is the whole reason the market exists.
Yes, if a balance remains and the scrip has not yet been transferred. It is priced on the remaining balance, not the original face value. Note that under the e-scrip framework a scrip may be transferred only once.
On ScripX, nothing moves one-sided. If settlement cannot complete, it unwinds safely and the buyer is refunded in full the same day. You still hold the scrip.
## Related
* [Exporter guide with full API calls](/guides/exporter-sell)
* [Duty credit scrip price and discount rate explained](/concepts/scrip-price-discount)
* [Scrip validity and expiry](/concepts/scrip-validity-expiry)
* [Scrip transfer on ICEGATE explained](/concepts/scrip-transfer-icegate)
* [Glossary](/concepts/glossary)