What is RoDTEP scheme?
The Indian government has restored full benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to support exporters amid the West Asia crisis. The move aims to provide timely support to Indian exporters facing elevated freight costs and war-related trade risks.
The Indian government has restored full benefits under the RoDTEP scheme. This decision was made to support exporters amid the West Asia crisis. The RoDTEP rates and value caps have been restored from February 23 to March 31 for all eligible export products. The scheme is based on the principle that taxes and duties should not be exported. It creates a mechanism for reimbursement of taxes, duties, and levies incurred by export entities. The Central Board of Indirect Taxes and Customs is implementing the scheme. The government aims to boost India's exports and competitiveness in the global markets.
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