AAI seeks govt intervention for RoDTEP rate declaration for SEZs, EOUs
ECONOMY & POLICY

AAI seeks govt intervention for RoDTEP rate declaration for SEZs, EOUs

The Aluminium Association of India (AAI) has urged the government to notify the RoDTEP rates for aluminium special economic zones and export oriented units (EOUs). The AAI believes that this would help increase India's aluminium exports and boost the domestic aluminium industry.

The RoDTEP scheme was launched in 2019 to replace the Merchandise Exports from India Scheme (MEIS). It refunds taxes, levies, and duties borne by exporters during the manufacturing and distribution process of goods. The scheme has been functional since September 2021, but the RoDTEP rates for aluminium SEZs and EOUs have not yet been announced.

The AAI has stated that SEZs and EOUs account for more than 30% of India's total aluminium exports. This means that a major part of the aluminium industry is yet to benefit from the RoDTEP scheme.

Another industry body, Assocham, has also urged the government to notify the RoDTEP rates for aluminium SEZs and EOUs. Assocham has requested the government to make the RoDTEP rates effective from January 1, 2021, i.e. from the date of declaration of the RoDTEP scheme.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

The Aluminium Association of India (AAI) has urged the government to notify the RoDTEP rates for aluminium special economic zones and export oriented units (EOUs). The AAI believes that this would help increase India's aluminium exports and boost the domestic aluminium industry.The RoDTEP scheme was launched in 2019 to replace the Merchandise Exports from India Scheme (MEIS). It refunds taxes, levies, and duties borne by exporters during the manufacturing and distribution process of goods. The scheme has been functional since September 2021, but the RoDTEP rates for aluminium SEZs and EOUs have not yet been announced.The AAI has stated that SEZs and EOUs account for more than 30% of India's total aluminium exports. This means that a major part of the aluminium industry is yet to benefit from the RoDTEP scheme.Another industry body, Assocham, has also urged the government to notify the RoDTEP rates for aluminium SEZs and EOUs. Assocham has requested the government to make the RoDTEP rates effective from January 1, 2021, i.e. from the date of declaration of the RoDTEP scheme.

Next Story
Infrastructure Urban

RBI to Withdraw Rs 1.5 Trillion via 8-Day VRRR Auction

The Reserve Bank of India (RBI) has announced an eight-day Variable Rate Reverse Repo (VRRR) auction to be held on Thursday, with the objective of withdrawing Rs 1.5 trillion from the banking system. This move comes amid a significant liquidity surplus, which stood at Rs 3.03 trillion as of Tuesday, according to the central bank’s latest data.VRRR operations are a key liquidity management tool used by the RBI to absorb excess cash from the financial system and align short-term interest rates with the policy repo rate. By conducting such auctions, the RBI aims to maintain monetary stability a..

Next Story
Building Material

India Must Curb Imports to Shield Aluminium Sector: ALEMAI

The Aluminium Extrusion Manufacturers Association of India (ALEMAI) has urged the government to revise import duties, review free trade agreements (FTAs), and implement policies that encourage domestic consumption in order to mitigate the impact of increased US tariffs on aluminium imports.Speaking at the curtain raiser event of ALUMEX India 2025, India’s first dedicated aluminium extrusion exhibition, ALEMAI President Jitendra Chopra stated that although the industry has an installed capacity of three million tonnes per annum, only 1.2 million tonnes are currently utilised. In contrast, imp..

Next Story
Infrastructure Transport

Push Renewed for Ganjam Greenfield Airport Project

The long-standing demand for a Greenfield Airport in Ganjam district, Odisha, has regained momentum as local residents and leaders renew calls for swift action from both the state and central governments. Despite prolonged discussions over the years, a final decision on a suitable location is yet to be taken.The urgency intensified after the central government identified land for a greenfield airport just 30 km away, at Baruva in neighbouring Andhra Pradesh. In response, Odisha’s Transport Minister has urged authorities to establish a similar facility at Subani village, located close to the ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?