Latest news with #Rodtep
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Business Standard
26-05-2025
- 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.
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Business Standard
29-04-2025
- Business
- Business Standard
Commerce ministry plans to extend RoDTEP scheme beyond September 30
The RoDTEP scheme came into effect in 2021 and refunds the embedded non-creditable central, state, and local levies paid on inputs to exporters to boost India's exports Shreya Nandi New Delhi Listen to This Article The Ministry of Commerce and Industry is looking to extend its export-incentive scheme -- the Remission of Duties and Taxes on Exported Products (Rodtep) -- beyond its current expiration date of September 30. Exporters have been appealing to the government to continue the scheme past that date, amid ongoing geopolitical uncertainties and the threat of reciprocal tariffs from the United States -- which have been largely paused for 90 days starting April 9. 'The scheme will be extended beyond September 30. Generally, an end date is put from the commerce ministry's side to monitor that it doesn't exceed the budget allocated
