The India has extended its Remission of Duties and Taxes on Export Products or RoDTEP scheme for textiles by nine months until June 30, 2024. The scheme offers duty and tax remissions for 18 export items like sarees and lungis. A reconstituted RoDTEP Committee will review ceiling rates. The scheme was to end on September 30, 2023. RoDTEP rates on export items will continue to remain the same for the extended nine-month period. The extension of RoDTEP will help the exporting community to negotiate export contracts in the present international environment on better terms, the ministry of commerce and industry said in a statement. The scheme is WTO compatible and is being implemented in an end-to-end IT environment.

The RoDTEP scheme was introduced by the Government as a duty remission scheme on exports and is being implemented since January 2021. The scheme provides a mechanism for reimbursement of taxes, duties and levies, which are currently not being refunded under any other mechanism, at the Central, state and local levels, but which are incurred by the export entities in the process of manufacture and distribution of exported products. Under the scheme, a support of Rs 27,018 crore was extended for the 27 months period till March 31, 2023. The RoDTEP scheme operates under a budgetary framework. For fiscal 2023-24, a budget of Rs 15,070 crore is available to support 10,610 HS lines at the 8-digit level.

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