Latest news with #EOUs
Fibre2Fashion
4 days ago
- Business
- Fibre2Fashion
India to restore RoDTEP benefits for AA, EOU & SEZ exports from June 1
Government of India has reinstated Remission of Duties and Taxes on Exported Products (RoDTEP) scheme benefits for Advance Authorisation (AA) holders, Export-Oriented Units (EOUs), and Special Economic Zone (SEZ) units. Applicable from June 1, 2025, the move aims to strengthen India's export competitiveness and ensure parity across all exporter categories. These benefits had earlier lapsed on February 5, 2025. Their restoration signals the government's ongoing commitment to boosting merchandise exports by offsetting unrefunded embedded duties and taxes. Since its launch on January 1, 2021, the WTO-compliant scheme has disbursed over ₹57,976.78 crore (~$6.8 billion), the Ministry of Commerce & Industry said in a press release. Indian government has reinstated RoDTEP benefits for AA holders, EOUs and SEZ units from June 1. The move aims to enhance export competitiveness and ensure parity across exporter categories. Earlier withdrawn in February 2025, the scheme has disbursed over ₹57,976.78 crore (~$6.8 billion) since 2021. For FY26, ₹18,233 crore is allocated to support a wide range of HS lines via a digital platform. For FY26, ₹18,233 crore has been earmarked to support exports under 10,780 HS lines for Domestic Tariff Area and 10,795 HS lines for AA/EOU/SEZ segments. The scheme is operated through a fully digital platform to ensure transparency and ease of access for exporters. Fibre2Fashion News Desk (KD)
Time of India
4 days ago
- Business
- Time of India
Govt allocates Rs 18,233 cr under RoDTEP scheme for exporters for 2025-26
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: The government has allocated Rs 18,233 crore under the export benefit scheme RoDTEP in the current financial year for over 10,750 product categories, an official statement said on Tuesday. As of March 31, 2025, total disbursements under the RoDTEP scheme have crossed Rs 57,976.78 government also said that the benefits under the scheme for exports of goods manufactured in special economic zones and export-oriented units are restored from June 1 this the Remission of Duties and Taxes on Exported Products (RoDTEP), various central and state duties, taxes, and levies imposed on input products, among others, are refunded to exporters. The current RoDTEP rates are in the range of 0.3-4.3 per cent."For the Financial Year 2025-26, the government has allocated Rs 18,233 crore under the scheme. The support will cover 10,780 HS lines (or product categories) for Domestic Tariff Area exports and 10,795 HS lines for Advance Authorization (AA) holders, Export-Oriented Units (EOUs), and units operating in Special Economic Zones (SEZs) exports, ensuring broad-based coverage for diverse sectors of the economy," the commerce ministry since January 1, 2021, the scheme is designed to reimburse exporters for embedded duties, taxes, and levies that are not otherwise refunded under any other existing is compliant with World Trade Organization (WTO) norms and implemented via a comprehensive end-to-end digital platform to ensure transparency and efficiency."The reinstatement of RoDTEP benefits for special export categories reflects the government's continued commitment to creating a conducive, competitive, and compliant export ecosystem that drives India's long-term trade growth," it on the move, economic think tank GTRI said the government did not allow RODTEP benefits for these groups for exports made between February 5 and May 31, 2025."The government's stop-and-start approach to RoDTEP undermines the scheme's purpose," Global Trade Research Initiative (GTRI) founder Ajay Srivastava RoDTEP is a WTO-compliant way to refund embedded duties paid by exporters, its repeated withdrawal for AA holders, EOUs, and SEZs creates serious uncertainty, he said."Exporters struggle to price products or plan long-term deals when they cannot rely on steady refunds. While the reinstatement of benefits is welcome, it raises a bigger issue: why were they cut off mid-cycle at all? To position India as a stable and competitive export hub, the government must ensure uninterrupted RoDTEP coverage for at least five years," he said.
New Indian Express
4 days ago
- Business
- New Indian Express
Govt reinstate duty remission scheme for SEZs
Operational since 1st January 2021, the RoDTEP scheme is designed to reimburse exporters for embedded duties, taxes, and levies that are not otherwise refunded under any other existing scheme. The scheme intends to compensate all central, state and local taxes levied on the exported products. RoDTEP is compliant with World Trade Organization (WTO) norms and is implemented via a comprehensive end-to-end digital platform to ensure transparency and efficiency. The commerce ministry informed that total disbursements under the RoDTEP scheme have crossed Rs. 57,976.78 crore as of 31 March 2025, underscoring its significant role in supporting India's merchandise exports. For 2025–26, the Government has allocated Rs. 18,233 crore under the scheme. 'The reinstatement of RoDTEP benefits for special export categories reflects the government's continued commitment to creating a conducive, competitive, and compliant export ecosystem that drives India's long-term trade growth,' says the commerce ministry. However, Ajay Srivastava, founder, Global Trust Research Initiative (GTRI), the government's stop-and-start approach to RoDTEP undermines the scheme's purpose. 'Although RoDTEP is a WTO-compliant way to refund embedded duties paid by exporters, its repeated withdrawal for AA holders, EOUs, and SEZs creates serious uncertainty. Exporters struggle to price products or plan long-term deals when they cannot rely on steady refunds,' he says.
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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
5 days ago
- Business
- Time of India
Export push: Govt restores benefits under RoDTEP scheme
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: The government Monday announced that it has restored the Remission of Duties and Taxes on ExportedProducts (RoDTEP) scheme benefits for units operating under Advance Authorisation Export Oriented Units (EOUs), and Special Economic Zones (SEZs), with effect from June 1, RoDTEP scheme aims to refund taxes and duties that are not rebated under any other scheme and benefit rates range between 0.3-4.3%.'This positive step will go a long way in improving the global competitiveness of Indian exporters operating under these key export promotion schemes, said S C Ralhan, President, Federation of Indian Export Organisations (FIEO).The existing RoDTEP benefits for these entities are applicable only up to February 6, restoration of RoDTEP benefits to Advance Authorisation, EOU and SEZ exporters will not only ensure level playing field for these entities but also boost price competitiveness of their products in international markets.'This is a 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 ,' Ralhan support to exports comes amid India's merchandise exports rising a six-month high of 9.03% year-on-year to $38.49 billion in April and India negotiating free trade agreements with the US and the EU. India and the UK have already announced the conclusion of an FTA.
