City
Epaper

Government restores remission of duties and taxes on exported products effective June 1

By ANI | Updated: May 27, 2025 10:33 IST

New Delhi [India] May 27 : The government of India on Tuesday announced the restoration of benefits under the ...

Open in App

New Delhi [India] May 27 : The government of India on Tuesday announced the restoration of benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exports made by Advance Authorization (AA) holders, Export-Oriented Units (EOUs), and units operating in Special Economic Zones (SEZs), effective June 1, 2025.

This RoDTEP scheme was made to reimburse exporters for embedded duties, taxes, and levies that are not otherwise refunded under any other existing scheme. This scheme is complaint with norms of World trade organization (WTO).

Previously, all the above-mentioned categories were allowed to avail these benefits until Feb. 5, 2025, and this restoration is likely to "provide a level playing field for exporters across sectors," the Ministry of Commerce and Industry said in a statement. Adding, "The decision comes as part of the government's sustained efforts to boost India's export competitiveness in global markets."

By March 31, under the RoDTEP scheme, the total disbursements crossed Rs.57,976.78 crores, highlighting its important role in supporting India's merchandise exports.

"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," the Commerce & Industry ministry said, reflecting its intention.

For the fiscal year of 2025-26, the government of India has allocated a budget of Rs18,233 crore, which is expected to support 10,780 HS lines for Domestic Tariff Area (DTA) exports and 10,795 HS lines for AA/EOU/SEZ exports. This will ensure broad-based coverage for diverse sectors of the economy, the ministry added.

In order to benefit Indian exporters, the government has also launched the Trade Connect e-Platform to act as an information and intermediation platform for international trade, connecting Indian Missions abroad with officials from the Department of Commerce and other organisations to offer comprehensive services to exporters.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

NationalMaha to curb fertiliser linking on UP model: Minister Bharne​

International"Mediation is not important, result is important": Dy Representative of Iran's Supreme Leader on efforts to end West Asia conflict

EntertainmentKate Hudson says son Ryder may become first in family history to graduate college

Other SportsMadrid Open: Jodar reaches first Masters 1000 QF, sets blockbuster clash with Sinner

NationalKeonjhar shocker: BJD MP urges banking reforms after man digs up sister’s body

Business Realted Stories

BusinessAir India building transfer: Maha govt to sign agreement next week

BusinessPakistan’s exports to Europe stagnate despite GSP+ sops

BusinessRajasthan emerges top investment hub as state secures third position, investments quadruple

BusinessGovt waives IP fees for sports sector for 3 years, launches design Hackathon

BusinessIt will be a highly beneficial FTA: Union Commerce Minister Piyush Goyal on India-New Zealand FTA