AnamikhaKnowledge Contributor
Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, which was seen in the news, is associated with which ministry?
Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, which was seen in the news, is associated with which ministry?
The Centre has no plans to modify the RoDTEP scheme for exporters, despite US anti-subsidy duties. The issue lies in exporters’ inability to provide adequate documents to US investigators, not the scheme’s WTO compatibility. Launched on January 1, 2021, by the Ministry of Commerce & Industry, RoDTEP replaces the MEIS to refund non-recoverable embedded taxes and boost exports. The scheme aims to address previously low export volumes by facilitating duty and tax remissions for exporters.