The scheme has now been extended until June 30 at the same rates for the existing export items. “This will help our exporting community to negotiate export contracts in the present international environment on better terms. The scheme is World Trade Organization (WTO)-compatible and is being implemented in an end-to-end IT environment,” the commerce and industry ministry said in a statement.
The RoDTEP scheme, which refunds the embedded non-creditable central, state, and local levies paid on inputs to exporters, was due to expire on September 30. These taxes were not being refunded but were incurred by the export entities in the process of manufacture and distribution of exported products.
Between January 1, 2021, and March 31, 2023, Rs 27,018 crore was spent towards the scheme. During the current financial year, as much as Rs 15,070 crore has been allocated to support 10,610 product lines.
The commerce and industry ministry said a committee had again been constituted in the finance ministry’s revenue department to review and recommend the ceiling rates under the RoDTEP scheme for different export sectors. Exporters have called for increasing the RoDTEP budget allocation and sought higher rates for all export items to help them secure greater market access abroad.
