Union Minister of Commerce and Industry Piyush Goyal announced the extension of the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme support to additional export sectors in New Delhi yesterday. He also announced the extension of the RoDTEP Scheme support to additional export sectors like Advance Authorisation (AA) holders, Export Oriented Units (EOU) and Special Economic Zones (SEZ) export units. This decision comes in recognition of the significant contribution these sectors make to India’s Exports, constituting approximately 25 percent of exports.
Commerce and Industry Ministry in a statement said that amidst global economic uncertainties and supply chain disruptions, extending RoDTEP to the uncovered sectors such as AA, EOU, and SEZ units will help the exporting community in handling the international headwinds. The RoDTEP Scheme is a key initiative by the Government of India aimed at refunding various embedded taxes and duties on exported products.
