Export booster: Centre restores RoDTEP benefits from June 1
Export booster: Centre restores RoDTEP benefits from June 1
In sustained efforts to boost India’s export competitiveness in global markets, the government on Tuesday announced the restoration of benefits under the RoDTEP scheme
NEW DELHI — In sustained efforts to boost India’s export competitiveness in
global markets, the government on Tuesday announced the restoration of benefits
under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme.
The restoration of benefits under the scheme are for
exports made by Advance Authorization (AA) holders, Export-Oriented Units
(EOUs), and units operating in Special Economic Zones (SEZs).
The benefits will be applicable for all eligible exports
made from June 1 onwards, said the Commerce Minister in a statement.
The benefits under RoDTEP for these categories were
previously available until February 5, 2025, and their reinstatement is
expected to provide a level-playing field for exporters across sectors.
Operational since January 1, 2021, the RoDTEP scheme is
designed to reimburse exporters for embedded duties, taxes, and levies that are
not otherwise refunded under any other existing scheme.
It is compliant with World Trade Organisation (WTO) norms
and is implemented via a comprehensive end-to-end digital platform to ensure
transparency and efficiency.
As of March 31, 2025, total disbursements under the
RoDTEP scheme have crossed Rs 57,976.78 crore, underscoring its significant
role in supporting India's merchandise exports.
For the financial year 2025–26, the government has
allocated Rs 18,233 crore under the scheme.
The support will cover 10,780 HS lines for Domestic
Tariff Area (DTA) exports and 10,795 HS lines for AA/EOU/SEZ exports, ensuring
broad-based coverage for diverse sectors of the economy, said the ministry.
“The reinstatement of RoDTEP benefits for special export
categories reflects the government’s continued commitment to creating a
conducive, competitive, and compliant export ecosystem that drives India's
long-term trade growth,” it added.
An opportunity to grow exports is knocking on India’s
door as supply chains are getting redrawn and steps which raise mid-tech
labour-intensive exports can boost the country’s trade interlinkages, mass
consumption, investment, and GDP growth, according to an HSBC report released
last week.
While there is a general sense that India is mostly a
domestic demand-driven economy, it is in periods of rising integration with the
world that India has grown its fastest, the report stated.
