7 months ago
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The Government has extended the Remission of Duties and Taxes connected Exported Products (RoDTEP) inducement strategy for exporters until March 31, 2026. Exporters person welcomed the move, saying it removes important uncertainty and besides comes astatine a clip erstwhile Indian exports are facing important headwinds.
Started successful 2021, the RoDTEP strategy provides refunds to exporters for immoderate embedded duties, taxes, and levies incurred by them that are not already refunded nether different schemes.
The strategy had earlier been disposable until February 5 this year. In May, pursuing important lobbying by exporters, the authorities restored the RoDTEP strategy for exporters done by Advance Authorization (AA) holders, Export-Oriented Units (EOUs), and units successful Special Economic Zones (SEZs).
“The RoDTEP Scheme shall stay successful unit and beryllium applicable to exports made from Domestic Tariff Area (DTA) units, Advance Authorisation (AA) holders, Special Economic Zone (SEZ) units, and Export Oriented Units (EOUs) up to 31.03.2026,” the Directorate General of Foreign Trade said successful its notification connected Tuesday (September 30, 2025).
However, the DGFT besides added that the strategy would run wrong the existent budgetary allocations.
“The timely hold of RoDTEP has removed the uncertainty that was weighing connected the exporting community,” S.C. Ralhan, President of the Federation of Indian Export Organisations said.
“This measurement comes astatine a captious juncture erstwhile exporters are navigating planetary headwinds, and it provides the much-needed argumentation continuity to program exports with greater confidence,” helium added.
