New Delhi: The government on Tuesday extended a key export support measure-the Remission of Duties and Taxes on Exported Products ( RoDTEP) Scheme-by six months till March 2026, providing relief to exporters facing strain due to higher US tariffs. The scheme was to end on September 30.
The US is a key market for Indian exports.
The Directorate General of Foreign Trade ( DGFT), in a notification, said advance authorisation holders, export-oriented units and entities in special economic zones will also be able to avail the scheme benefits till March next year.
The RoDTEP scheme, launched in 2021, provides for the refund of taxes, duties and levies which are incurred by exporters in the process of manufacturing and distribution of goods, and are not being reimbursed under any other mechanism at the Centre, state or local level.
Refunds under the scheme range from 0.3% to 3.9%. The revised rates under the scheme will continue to apply for all export items, the DGFT said.
Federation of Indian Export Organisations president SC Ralhan said the timely extension has removed the uncertainty which was weighing on the exporting community.
"This step comes at a critical juncture when exporters are navigating global headwinds, and it provides the much-needed policy continuity to plan exports with greater confidence," he said.
The scheme has been instrumental in making Indian exports competitive by neutralising the incidence of non-creditable taxes and duties, and its continuation will help exporters sustain momentum in the current challenging global trade environment, Ralhan added.
The US is a key market for Indian exports.
The Directorate General of Foreign Trade ( DGFT), in a notification, said advance authorisation holders, export-oriented units and entities in special economic zones will also be able to avail the scheme benefits till March next year.
The RoDTEP scheme, launched in 2021, provides for the refund of taxes, duties and levies which are incurred by exporters in the process of manufacturing and distribution of goods, and are not being reimbursed under any other mechanism at the Centre, state or local level.
Refunds under the scheme range from 0.3% to 3.9%. The revised rates under the scheme will continue to apply for all export items, the DGFT said.
Federation of Indian Export Organisations president SC Ralhan said the timely extension has removed the uncertainty which was weighing on the exporting community.
"This step comes at a critical juncture when exporters are navigating global headwinds, and it provides the much-needed policy continuity to plan exports with greater confidence," he said.
The scheme has been instrumental in making Indian exports competitive by neutralising the incidence of non-creditable taxes and duties, and its continuation will help exporters sustain momentum in the current challenging global trade environment, Ralhan added.
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