Moneycontrol PRO
HomeNewsBusinessExport benefits under RoDTEP extended to certain textile items

Export benefits under RoDTEP extended to certain textile items

Benefits under the duty refund scheme — Remission of Duties and Taxes on Exported Products (RoDTEP) — will be given to exports made from March 23, the Directorate General of Foreign Trade (DGFT) has said in a notification.

March 26, 2023 / 12:24 IST
Textile (Representative Image)

The government has extended export benefits under RoDTEP scheme to 18 items related to textiles sector, including saari and lungi, with a view to boost shipments of these goods.

Benefits under the duty refund scheme — Remission of Duties and Taxes on Exported Products (RoDTEP) — will be given to exports made from March 23, the Directorate General of Foreign Trade (DGFT) has said in a notification.

Under the RoDTEP, various central and state duties, taxes, and levies imposed on input products, among others, will be refunded to exporters.

"18 tariff lines…are being added…under RoDTEP for exports made from March 28, 2023," it said.

The items include shirting fabrics, casement, and cambric.

PTI
first published: Mar 26, 2023 12:24 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347