NEWS DETAILS

Date: 24/11/2022

No expansion of exporters’ RoDTEP scheme to other sectors

There will not be any expansion of exporters’ RoDTEP scheme to more sectors as the Finance Ministry has reportedly rejected a Commerce Ministry proposal in this regard. Exporters from sectors such as steel, pharmaceuticals and chemicals are not entitled to get the benefit of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. The Revenue Department is of the view that, given the limited resources, the 
 
request for additional RoDTEP allocation can’t be accepted. Some important areas and schemes require larger allocations more urgently, which the Finance Ministry has to look into at this stage, as per a report.
 
Source: Exim News Service: New Delhi, Nov. 23