- Exporters are seeking more benefits for value-added exports under the RoDTEP scheme in India.
- The current structure of the scheme provides higher refund rates for less value-added goods, which goes against the government’s policy of promoting value-added exports.
- The Federation of Indian Export Organisations (FIEO) has requested additional criteria to reward value-added exports under the scheme.
- FIEO has also urged the government to remove the end-date of the scheme, as it is a duty neutralisation scheme similar to duty drawback.
- Exporters are pushing for the RoDTEP scheme to be applicable to all sectors of exports, including entities in Export Oriented Units (EOU) or Special Economic Zones (SEZs) that have unrebated taxes.
- The RoDTEP scheme refunds non-creditable central, state, and local levies paid on inputs to exporters, replacing the controversial MEIS scheme.
Source: business-standard.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
