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INPUT DUTY REMISSION
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...
- From $300 to $8,500 freight: West Asia war squeezes UP MSMEs, delays stretch to 60 daysExporters report shipment delays of up to 60 days, 20-30% cost escalation, and growing order uncertainty due to the West Asia conflict.
- A shield for India Inc: How govt is blunting the Iran war shockWest Asia crisis: In response to Iran war chaos, India has rolled out a set of targeted measures over the past few weeks aimed at cushionin...
- Indian pharma sector faces supply risk amid West Asia conflict despite duty waiverIndia's pharmaceutical industry faces ongoing concerns about securing essential petrochemical supplies due to the West Asia conflict. While...
- India ready to slash import duties, curb exports to secure domestic supply: Trade officialIndia may lower import duties and regulate exports to secure domestic supply amid global disruptions caused by the Iran war. This strategic...
- Centre extends RoDTEP export incentive scheme until March 2026The Centre has extended its flagship RoDTEP export incentive scheme until March 2026, responding to exporter demands for financial support....
- Govt removes curbs on import of certain kinds of boats, vehiclesThe Indian government has now allowed the import of certain patrol boats and vehicles without restrictions, effective immediately. This pol...
- Budget 2025: FM likely to increase outlay for 2 key tax remission schemes for exporters by 10%The finance ministry is expected to increase allocations for two key tax remission schemes for exporters—RoDTEP and RoSCTL—by about 10% eac...
- Duty refund scheme may be extended beyond SeptemberThe government aims to extend the duty remission scheme for exporters beyond September but is still awaiting approval for interest subventi...
- Ministry road map soon for exporters to deal with CVD casesThe commerce and industry ministry is drawing up a roadmap to work on the kind of documentation that needs to be maintained by Indian expor...
- Export benefits under RoDTEP extended to certain textile itemsUnder the RoDTEP, various central and state duties, taxes, and levies imposed on input products, among others, will be refunded to exporter...
- Duty refunds likely for steel, pharma and chemical exportsThe input duty remission scheme for exporters was implemented from January 1, 2021 but had excluded these sectors. “A proposal to include t...
- RodTEP may be extended to special economic zones and export oriented unitsSEZs and EoU units have been excluded from the benefits under the Remission of Duties and Taxes on Exported Products scheme, notified last ...
- Govt notifies RoDTEP rates, guidelinesThe rates for different sectors include 0.5 per cent, 2.5 per cent and 4 per cent. It has also notified guidelines for the scheme.
- Industry hopeful that RoDTEP will eliminate all undesired tax costs for exporters: ET-ILC MembersThe aim of RoDTEP is to refund non-creditable taxes embedded in the export product and the genesis of GST was to create a robust Input Tax ...
- Electronics companies seek 2-4% rate on key exportsICEA estimates that its proposed RoDTEP rates will deliver an annual incentive of close to Rs 120 crore, based on remission of big-ticket i...
- 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...
- DEPB may stay as MoF refuses to reimburse statesDuty entitlement pass book (DEPB) scheme-the popular duty reimbursement scheme for exporters-may not be replaced with the duty drawback sch...
- GST could solve DEPB issue, finallyThe duty entitlement passbook (DEPB) scheme, introduced with the ostensible purpose of refunding Customs duty to exporters, is serving the ...
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