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  • Exporters unhappy with tax rebate rates under government's RoDTEP scheme Aug 18, 2021 02:12 PM IST

    Exporters unhappy with tax rebate rates under government's RoDTEP scheme

    Exporters across sectors complaint that many products have been left outside the ambit of India's largest export incentive scheme, while experts say budgetary allocations and not trade needs decided rates.

  • RoDTEP scheme : Govt announces Rs. 12,400 crore outlay for tax refund of 8,555 export products Aug 17, 2021 03:47 PM IST

    RoDTEP scheme : Govt announces Rs. 12,400 crore outlay for tax refund of 8,555 export products

    The government is betting on the scheme, a long time in the coming to make India's exports more competitive in the global arena. The tax refund rates revealed by the Commerce Department show that exporters will be given tax refunds in the range of 0.5-4.3 percent.

  • Explained | What is the RoDTEP export-promotion scheme that has now been fully launched ? Aug 13, 2021 01:20 PM IST

    Explained | What is the RoDTEP export-promotion scheme that has now been fully launched ?

    India's foremost export incentive scheme became fully active on August 17, eight months after it had first gone live. We take a deep dive into how RoDTEP will impact India's foreign trade in the near to long term and why the government took so long to announce the tax rebate rates.

  • Allocate more to make RoDTEP a success Jun 18, 2021 10:08 AM IST

    Allocate more to make RoDTEP a success

    Delay in announcing incentives for outbound shipments is hurting interests of exporters 

  • Current Foreign Trade Policy gets second extension, to run till September 30 Mar 31, 2021 09:50 PM IST

    Current Foreign Trade Policy gets second extension, to run till September 30

    The yet-unfinished work of finalising tax refund rates for exports under the new Remission of Duties and Taxes on Exported Products scheme has derailed the government's plan to unveil a new FTP. The lack of a clear consensus on whether to continue with export incentives for services exporters have also contributed to the latest decision.

  • 'Teething troubles' prevent govt from announcing tax refund rates for RoDTEP scheme, says commerce secretary Mar 22, 2021 06:43 PM IST

    'Teething troubles' prevent govt from announcing tax refund rates for RoDTEP scheme, says commerce secretary

    Exporters complain that lack of clarity on tax refund rates under RoDTEP, 18 months after it was announced, continues to affect their business.

  • Exclusive | Exporters yet to receive tax refunds of Rs 25,000-30,000 crore from Centre as liquidity crisis hits hard: FIEO Feb 18, 2021 12:47 PM IST

    Exclusive | Exporters yet to receive tax refunds of Rs 25,000-30,000 crore from Centre as liquidity crisis hits hard: FIEO

    The government's largest export incentive policy, the Merchandise Exports from India Scheme (MEIS), has been discontinued from January 1, 2021. Covering upto 75 per cent of India's total exports, it was a crucial support to exporters. Now, even as tax refunds under MEIS remain stuck with the government, exporters say that it's replacement, the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, is unfinished and insufficient.

  • Exclusive | Government may initially limit new export incentive scheme to 3 sectors Oct 21, 2020 03:07 PM IST

    Exclusive | Government may initially limit new export incentive scheme to 3 sectors

    The sectors for which the rates would be fixed initially might be automobiles, readymade garments, and iron and steel. The newly applicable reimbursements will kick in starting January 2021 under a new scheme.

  • Centre plans to scan large export companies that try to dodge cap on MEIS claims Sep 16, 2020 02:25 PM IST

    Centre plans to scan large export companies that try to dodge cap on MEIS claims

    Earlier this month, the government capped export incentives under the MEIS at Rs 2 crore per exporter on outbound shipments made during the period from September 1 to December 31, 2020

  • All you need to know about MEIS, changes made to the scheme and impact on exporters Jul 28, 2020 09:21 PM IST

    All you need to know about MEIS, changes made to the scheme and impact on exporters

    In May, the Department of Revenue had conveyed that it might not be feasible to exceed MEIS allocation beyond Rs 9,000 crore for 2020-21.

  • Commerce Ministry not accepting MEIS applications from exporters Jul 28, 2020 02:30 PM IST

    Commerce Ministry not accepting MEIS applications from exporters

    According to an office memorandum of the Directorate General of Foreign Trade (DGFT), the Department of Revenue in May had conveyed that it may not be feasible to exceed MEIS (merchandise export from India scheme) allocation beyond Rs 9,000 crore for 2020-21 (up to December 2020).

  • Export incentives under MEIS available till Dec 31: Commerce Ministry Apr 16, 2020 02:20 PM IST

    Export incentives under MEIS available till Dec 31: Commerce Ministry

    The government after approving a new scheme - remission of duties and taxes on export products (RoDTEP) - in March this year has stated that MEIS will be phased out after rolling out of this new scheme.

  • Macro Matters | Key policy changes needed to make exports fly again Sep 16, 2019 09:23 AM IST

    Macro Matters | Key policy changes needed to make exports fly again

    All the measures announced are unlikely to make anything more than a marginal impact on the export performance.

  • Government removes export incentives for onion Jun 11, 2019 03:00 PM IST

    Government removes export incentives for onion

    Key onion growing states such as Maharashtra, Karnataka and Andhra Pradesh are reeling under drought conditions this year.

  • Government to increase duty incentives for exports of milk products Sep 21, 2018 03:16 PM IST

    Government to increase duty incentives for exports of milk products

    Earlier in July, the government enhanced the duty benefits to 10 per cent under the Merchandise Export from India Scheme (MEIS) for certain agriculture and dairy sector items.

  • Exports may end up at USD 260 billion in FY16: FIEO Feb 15, 2016 10:08 PM IST

    Exports may end up at USD 260 billion in FY16: FIEO

    "We may end up with exports of around USD 260 Billion in 2015-16," exporters' body FIEO President S C Ralhan said.

  • Incentives given to exporters to boost shipments: Nirmala Nov 22, 2015 11:54 AM IST

    Incentives given to exporters to boost shipments: Nirmala

    A host of incentives including extension of 3 percent interest subsidy will help in boosting exports, which are in negative zone since December last year, Commerce and Industry Minister Nirmala Sitharaman said.

  • TEXPROCIL Welcomes the Enlargement of the MEIS to Include More  Products/Markets Nov 03, 2015 04:33 PM IST

    TEXPROCIL Welcomes the Enlargement of the MEIS to Include More Products/Markets

    The Cotton Textiles Exports Promotion Council (TEXPROCIL) has welcomed the inclusion of exports of cotton fabrics –both woven and knitted - and ...

  • Govt provides Rs 3,000 cr duty benefits to boost exports Oct 31, 2015 01:51 PM IST

    Govt provides Rs 3,000 cr duty benefits to boost exports

    On October 7, the Commerce Secretary after holding consultations with exporters has informed that the allocations for export incentive schemes in the current financial year has been increased to Rs 21,000 crore, from earlier Rs 18,000 crore.

  • TEXPROCIL Welcomes Inclusion of Exports of Cotton Fabrics to Bangladesh and Sri Lanka under MEIS Jul 22, 2015 05:44 PM IST

    TEXPROCIL Welcomes Inclusion of Exports of Cotton Fabrics to Bangladesh and Sri Lanka under MEIS

    The Cotton Textiles Exports Promotion Council (TEXPROCIL) has welcomed the inclusion of exports of cotton fabrics – both woven and knitted - to ...

  • 'Product & process re-engineering to drive Indian Exports' May 18, 2015 05:57 PM IST

    'Product & process re-engineering to drive Indian Exports'

    Commerce Secretary said that adoption of standards will not only help in boosting exports but will also protect the consumers from sub-standard imports thereby facilitating domestic manufacturing.

  • Aim to raise exports to $900 bn by 2020: Commerce Secy Apr 01, 2015 07:01 PM IST

    Aim to raise exports to $900 bn by 2020: Commerce Secy

    Commerce Secretary Rajeev Kher says the Merchandise Exports From India Scheme (MEIS) is different from the export promotion sops that existed earlier and exporters now stand to gain much more.

  • New trade policy unveiled; focus on boosting svcs, exports Apr 01, 2015 04:36 PM IST

    New trade policy unveiled; focus on boosting svcs, exports

    To address the infrastructural bottlenecks, complex procedures and manufacturing hurdles, the new trade policy announced two new schemes -- Merchandise Exports From India Scheme (MEIS) and Services Exports From India Scheme (SIES).

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