New Delhi: The commerce and industry ministry is pushing for the continuation of two key export incentive schemes even as it weighs various options such as lowering the sops if they’re not allocated more funds. The ministry has moved a note for the approval of the Expenditure Finance Committee (EFC) to extend to the Interest … Read more
New Delhi: The government is unlikely to raise the allocation for its key tax remission schemes for exporters in the full budget for 2024-25 amid demand for increased support from the exporting community, senior officials said. In the interim budget presented in February, the government earmarked ₹16,575 crore for the Remission of Duties and Taxes … Read more
New Delhi: Commerce and industry minister Piyush Goyal on Thursday said that the government will extend the benefits of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to e-commerce exports down through post and courier. The commerce and industry ministry will soon put in place the necessary IT framework and other enablers … Read more
The government is expected to extend export benefits under the RoDTEP scheme to iron and steel, chemicals and pharmaceutical sectors beyond September 30, according to a senior official. In December 2022, the government extended the benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme to chemicals, pharmaceuticals and products of iron … Read more