Sep 03, 2021 06:45 PM IST
At a time when global markets are booming, the government has removed key segments such as Special Economic Zones and Export Oriented Units from the ambit of the remission of Duties and Taxes on Exported Products (RoDTEP) scheme. These are now also not covered by the erstwhile MEIS scheme, which creates a double whammy, they say.
- Aug 20, 2021 11:00 AM IST
Government needs to build on the well-meaning scheme to ensure that benefits reach all exporting sectors
- Aug 18, 2021 02:12 PM IST
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.
- Aug 17, 2021 03:47 PM IST
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.
- Aug 13, 2021 01:20 PM IST
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.
- Jul 02, 2021 06:30 PM IST
The minister has said the RoDTEP rates involving 11,000 export items will soon be announced. The government is also keen on launching its national single window portal for industry clearances and approvals.
- Jun 18, 2021 10:08 AM IST
Delay in announcing incentives for outbound shipments is hurting interests of exporters
- Mar 31, 2021 09:50 PM IST
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.
- Mar 22, 2021 06:43 PM IST
Exporters complain that lack of clarity on tax refund rates under RoDTEP, 18 months after it was announced, continues to affect their business.
- Feb 18, 2021 12:47 PM IST
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.
- Oct 21, 2020 03:07 PM IST
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.
- Feb 01, 2020 09:10 PM IST
The underlying theme in the Budget is aligned with the government’s leitmotif – ‘Make in India’.
- Sep 16, 2019 09:23 AM IST
All the measures announced are unlikely to make anything more than a marginal impact on the export performance.