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Date: 04/10/2024

RoDTEP scheme extended for a year

The Directorate General of Foreign Trade (DGFT) has notified the extension of the flagship export promotion scheme, Remission of Duties and Taxes on Exported Products (RoDTEP), for a year till September 30, 2025, but revised the rates downwards so that the outgo remains within the budgetary allocation. The new rates of refund of taxes range from 0.3% to 3.9%, which is lower than the 0.5% to 4.3% that prevailed before the latest extension. Exports from units in the Domestic Tariff Area (DTA) – units that are not in special economic zones (SEZ) or are designated export-oriented units (EoU) – will be eligible for incentives till September 30 next year. For export of products by Advance Authorisation holders, SEZ units and EoUs, the scheme has been extended till December 21, 2024, as per a report.
 
Sourcre; Exim News Service: New Delhi, Oct. 3



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