Aluminium industry seeks 5% RoDTEP rate

08 Mar 2021 Editorial Team

The announcement of the RoDTEP scheme is seen as a relief for exporters post withdrawal of the Merchandise Exports from India Scheme (MEIS) and is said to provide much needed impetus to boost Indian exports.

However, the pendency of notifying the sector wise remission rates under RoDTEP scheme is creating uncertainty for Indian exporters due to ambiguity with respect to pricing of goods and thereby impacting Indian exports. The recently announced Union Budget 2021-22 has kept provision of Rs 13,000 crore for RoDTEP, which has been significantly curtailed from Rs 50,000 crore allocation for RoDTEP scheme when first announced by the Finance Minister in September 2019.

According to the Aluminium Association of India (AAI), following the withdrawal of MEIS, in absence of any export incentives or remission mechanism, the aluminium exports are struggling to remain globally competitive as compared to the major exporting countries, especially China. In India, the high incidence of numerous unrebated Central and State taxes and duties impedes the growth potential of the aluminium sector in India. The various taxes constitute 15% of aluminium production cost which is amongst highest in the world. This is said to have an adverse impact on the sustainability and competitiveness of the aluminium industry and further renders Indian exporters vulnerable and uncompetitive in comparison to global players in international markets.

The duties and taxes should not be exported as such and should be remitted back to encourage domestic value addition and export of finished products. Under MEIS, the aluminium exports were eligible for a 2% reward rate which itself does not provide ample cushion to remain competitive against current bearish market conditions. The government support is extremely crucial at this juncture to reduce burden of taxes and levies with at least 5% remission rate under RoDTEP to boost exports and survive this challenging phase.

Written from an AAI statement.

Image source

The Ministry of Finance announced implementation of Remission of Duties and Taxes on Export Products (RoDTEP) scheme and extending benefit to all export goods, with effect from 1 January 2021, in response to which the aluminium industry seeks 5% RoDTEP rate to boost exports. The announcement of the RoDTEP scheme is seen as a relief for exporters post withdrawal of the Merchandise Exports from India Scheme (MEIS) and is said to provide much needed impetus to boost Indian exports. However, the pendency of notifying the sector wise remission rates under RoDTEP scheme is creating uncertainty for Indian exporters due to ambiguity with respect to pricing of goods and thereby impacting Indian exports. The recently announced Union Budget 2021-22 has kept provision of Rs 13,000 crore for RoDTEP, which has been significantly curtailed from Rs 50,000 crore allocation for RoDTEP scheme when first announced by the Finance Minister in September 2019. According to the Aluminium Association of India (AAI), following the withdrawal of MEIS, in absence of any export incentives or remission mechanism, the aluminium exports are struggling to remain globally competitive as compared to the major exporting countries, especially China. In India, the high incidence of numerous unrebated Central and State taxes and duties impedes the growth potential of the aluminium sector in India. The various taxes constitute 15% of aluminium production cost which is amongst highest in the world. This is said to have an adverse impact on the sustainability and competitiveness of the aluminium industry and further renders Indian exporters vulnerable and uncompetitive in comparison to global players in international markets. The duties and taxes should not be exported as such and should be remitted back to encourage domestic value addition and export of finished products. Under MEIS, the aluminium exports were eligible for a 2% reward rate which itself does not provide ample cushion to remain competitive against current bearish market conditions. The government support is extremely crucial at this juncture to reduce burden of taxes and levies with at least 5% remission rate under RoDTEP to boost exports and survive this challenging phase. Written from an AAI statement. Image source

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Real Estate

05 May 2026

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Technology

05 May 2026

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..