Latest news with #EOU
Hans India
4 days ago
- Business
- Hans India
Restoration of RoDTEP benefits to boost MSMEs, enhance investors' confidence: Assocham
New Delhi: The restoration of benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme by the government will also benefit micro, small and medium enterprises (MSMEs), improve export logistics and enhance investors' confidence in India's industrial corridors, Assocham said on Wednesday. The leading industry chamber commended the Centre for restoring the benefits under the RoDTEP scheme for exports from Advance Authorisation (AA) holders, Export-Oriented Units (EOUs) and Special Economic Zones (SEZs), effective June 1, 2025. The restoration ensures that key contributors to India's exports are not excluded from critical incentives, especially at a time when global competitiveness and domestic industrial resilience are of utmost importance. 'Assocham has consistently advocated for the extension of RoDTEP to all exporting entities, including those operating in SEZs and under AA and EOU frameworks. This move will correct the gap that created cost disadvantages for such units and is aligned with India's WTO commitments,' said Manish Singhal, Secretary General, Assocham. As of March 31, 2025, total disbursements under the RoDTEP scheme have crossed Rs 57,976.78 crore, underscoring its significant role in supporting India's merchandise exports. For the financial year 2025–26, the government has allocated Rs 18,233 crore under the scheme. The RoDTEP scheme, in place since January 1, 2021, reimburses embedded taxes and duties not refunded under other schemes, thus promoting fair pricing and helping exporters to stay competitive. The latest notification reinstates these benefits which were available until February 5. 2025, creating uncertainty and financial strain for many exporters. The extended benefit will now cover over 10,795 HS lines applicable to AA, SEZ, and EOU exports, providing a much-needed boost to sectors such as engineering goods, electronics, pharmaceuticals and textiles that operate heavily through these frameworks, said Assocham. The RoDTEP scheme is compliant with World Trade Organisation (WTO) norms and is implemented via a comprehensive end-to-end digital platform to ensure transparency and efficiency.
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Business Standard
5 days ago
- Business
- Business Standard
Govt restores Rodtep export benefits for SEZs, EOUs starting June 1
The government on Monday restored benefits under the Remission of Duties and Taxes on Exported Products (Rodtep) scheme for exports of goods manufactured in special economic zones (SEZs) and export-oriented units (EOUs), starting June 1 this year. The commerce ministry had announced the withdrawal of Rodtep benefits for such units starting February 6 this year. Under the Rodtep scheme, various central and state duties, taxes, and levies imposed on input products, among others, are refunded to exporters to boost India's exports. The scheme ensures zero-rating of exports, making them competitive. 'The support under the Rodtep scheme for exports of products manufactured from advance authorisations, SEZs, and EOUs is restored with effect from June 1, 2025,' the Directorate General of Foreign Trade said in a notification. FIEO President S C Ralhan said the industry has been earnestly seeking parity in Rodtep coverage for all export segments, particularly those contributing substantially to India's value-added exports. 'The extension of Rodtep benefits to advance authorisation, EOU, and SEZ units reflects the government's recognition of their critical role in India's export ecosystem. The restoration will not only ensure a level playing field for these entities but also boost the price competitiveness of their products in international markets,' Ralhan said. He added that this is vital support at a time when Indian exporters are navigating intense global competition and demand uncertainties. 'It will certainly help in pushing exports and improving India's share in global trade,' he said, urging the government to consider making this restoration effective from February 7, 2025, so there is no gap in Rodtep coverage. According to the earlier notification, the existing Rodtep benefits for these entities were applicable only up to February 6, 2025. 'A seamless transition would ensure stability and predictability for exporters and avoid any disruption in trade planning or pricing,' Ralhan said.
Time of India
24-05-2025
- Business
- Time of India
R&D centre on cyber security & forensics launched in city
Patna: In a move to strengthen cyber safety and investigation capabilities, a research and development centre for cyber security and cyber forensics was inaugurated on Friday on the campus of the Economic Offences Unit (EOU) in Patna. The centre was formally opened by additional director general (ADG) of EOU, Nayyar Hasnain Khan, in collaboration with the Centre for Development of Advanced Computing (CDAC). The inauguration follows the signing of a memorandum of understanding (MOU) on Sept 4, 2024 between EOU Patna, Bihar Police and CDAC Patna. The partnership is expected to enhance the region's capacity to deal with increasingly complex cyber threats. ADG Khan said, "This centre, with CDAC scientists and their tools, is a major step forward in uniting experts from EOU and CDAC Patna to develop innovative, next-generation solutions. Given the growing complexity and sophistication of cyber threats, this R&D centre represents a vital investment in long-term security and investigative capabilities." The centre is expected to function as a hub for advanced research, innovation and professional training. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dinheiro pra você organizar suas contas! Banco BV Saiba Mais Undo Its primary objective is to promote direct collaboration between field investigators and technology experts to address practical cybersecurity challenges. "Scientists and researchers from CDAC Patna will work closely with the EOU team, combining technical expertise and field insights to co-develop practical, scalable solutions. Together, EOU and CDAC Patna are committed to strengthening operational readiness and contributing to a safer, more secure digital ecosystem for the community," Khan added. Get the latest lifestyle updates on Times of India, along with Brother's Day wishes , messages and quotes !
Time of India
07-05-2025
- Time of India
Saran cyber PS bags first place
Chhapra: Economic Offences Unit (EOU) of Bihar awarded first position to the Saran district cyber police station in March for its outstanding performance. The police station secured 206 points out of a total of a total 220 SSP Kumar Ashish said on Wednesday that the EOU evaluates the performances of different cyber police stations. According to the report issued by this unit, 50 cases were registered in March this year, and eight people were arrested in this said that the police station managed to secure a refund of around Rs 10 lakh, out of a little over Rs 31 lakh fleeced from different people. The SSP has requested the public to inform the cyber police station about any cyberfraud and also to exercise caution when sharing anything on social media Economic Offences Unit (EOU) of Bihar awarded first position to the Saran district cyber police station in March for its outstanding performance. The police station secured 206 points out of a total of a total 220 SSP Kumar Ashish said on Wednesday that the EOU evaluates the performances of different cyber police stations. According to the report issued by this unit, 50 cases were registered in March this year, and eight people were arrested in this said that the police station managed to secure a refund of around Rs 10 lakh, out of a little over Rs 31 lakh fleeced from different people. The SSP has requested the public to inform the cyber police station about any cyberfraud and also to exercise caution when sharing anything on social media platforms.
NDTV
05-05-2025
- NDTV
Fraudster Sells "Question Paper" Ahead Of NEET Exam In Bihar, Arrested
Patna: The police arrested a person from Bihar's Araria district for his alleged involvement in duping medical aspirants ahead of the NEET-UG held on May four across the country. The arrested fraudster was accused of providing the "question paper" of the exam to the aspirants in exchange for money, the police said on Monday. The sleuths of the Economic Offences Unit (EOU) and Araria Police picked up the accused on May 3. "Acting on a tip-off that a group of fraudsters were allegedly taking money from NEET aspirants, falsely promising them to provide question paper ahead of the exam, EOU alerted its cyber unit in Araria and the district police. A team was formed and SK Faiz was arrested for duping medical aspirants," the EOU said in a statement. Investigations also revealed that the accused defrauded students and got money transferred to his account from them, it said. Further investigation is on, it added. The Bhar police had warned aspirants and parents against phone calls made by cyber fraudsters luring them to provide question papers ahead of the NEET-UG exam. The EOU last month arrested Sanjeev Kumar Singh alias Sanjeev Mukhiya, the alleged mastermind of the NEET (UG)-24 paper leak case from Patna. He was also wanted in connection with his alleged involvement in the paper leak case of the Bihar Public Service Commission Teacher Recruitment Exam (TRE-3) held in March 2024. According to officials, Mukhiya's gang is spread across Bihar, Uttar Pradesh, Haryana, Punjab and Rajasthan and it was behind paper leaks in several recruitment exams in several states.
