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DUTY REMISSION
India plans stronger exporter support as Middle East crisis strains trade flowsIndia's government is poised to enhance its export tax refund initiative, a strategic move aimed at bolstering its international trade amid...- Commerce ministry notifies RoDTEP schedules to align with amended customs tariff structureThe commerce ministry has updated export duty remission schedules. This aims to simplify benefits for exporters. A Basmati and Organic Trai...
- Govt examining removal, reduction of 11% import duty on cotton: OfficialThis move aims to ease cost pressures on domestic textile companies. Discussions are underway with relevant ministries for potential reduct...
- Exports grow at estimated 20 pc CAGR between FY24- 26 due to RoDTEP scheme: OfficialExports under the RoDTEP scheme are projected to grow over 20% CAGR from 2023-24 to 2025-26, despite global economic challenges. The scheme...
- West Asia crisis: Full benefits restored under RoDTEP schemeThe government has reinstated full benefits under the RoDTEP scheme for exporters, reversing a previous reduction in rates and value caps. ...
- Reduced RoDTEP rates not applicable to exports of agri, processed food products: GovtThe government has clarified that reduced rates and value caps under the RoDTEP scheme do not apply to agricultural and processed food expo...
- India overhauls customs duty rules to help exporters and smaller businessesIndia has updated customs rules to treat postal exports like regular cargo, simplifying incentive claims for small businesses and exporters...
- Govt notifies conditions for exports of sesame seeds to USThe Indian government has outlined new export conditions for sesame seeds to the US, effective from November 16. The India Oilseeds and Pro...
- Registration-cum-membership certificate not mandatory for exporters to seek scheme benefits: DGFTDGFT confirms that exporters do not need a Registration-cum-Membership Certificate to receive benefits under schemes such as duty drawback ...
- Is there any restraint order on CM Arvind Kejriwal performing his duties from jail? asks SCThe Supreme Court questioned if there is any restraint on Delhi Chief Minister Arvind Kejriwal performing his duties from jail, as files re...
- Commerce dept mulls options for key export schemesThe ministry has moved a note for the approval of the Expenditure Finance Committee (EFC) to extend to the Interest Equalisation scheme by ...
- RoDTEP scheme gets extension till June 30The RoDTEP scheme provides a mechanism for reimbursement of taxes, duties and levies, which are currently not being refunded under any othe...
- Tax refund scheme for exports may be extended beyond SeptemberThe Remission of Duties and Taxes on Exported Products (RoDTEP) scheme was expanded in December last year to include pharmaceuticals, chemi...
- Handicraft export promotion council urges govt to relook remission ratesIn a meeting with finance minister Nirmala Sitharaman, EPCH chairman Rajkumar Malhotra also raised issues related to restoration of duty-fr...
- Govt to release Rs 56,027 cr to exporters for pending tax refundsThis amount is over and above duty remission of Rs 12,454 crore for the Remission of Duties and Taxes on Export Products (RoDTEP) Scheme an...
- Expected 5-7% duty remission rates for handicrafts under RoDTEP: Exporter bodyThe scheme was notified for 8,555 products including employment-generating marine, agriculture, leather, and gems and jewellery sectors in ...
- New scheme for service exports with max sops for MSMEs proposedThe scheme is touted as a replacement for the Service Export from India Scheme and is on the same lines as Remission of Duties and Taxes on...
- Aluminium association urges government to remit export duties and taxes under RoDTEP schemeThe body has requested the ministries to ensure remission of unrebated central & state duties & taxes which constitutes around 15% of alumi...
- Commerce dept seeks clarity on duty remission schemesThe commerce department has initiated discussion with the finance ministry on the fate of the various input duty remission schemes for expo...
- More sops on way for Re-hit exportersThere could be more sops on the cards for exporters battling the appreciating rupee.
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