Industry Seeks RoDTEP Extension for SEZs and EOUs till September End
ECONOMY & POLICY

Industry Seeks RoDTEP Extension for SEZs and EOUs till September End

Amid global economic uncertainties, the Indian export industry has urged the government to extend the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for export-oriented units (EOUs) and special economic zones (SEZs) until the end of September.

Currently, the RoDTEP scheme is available for exports from the domestic tariff area (DTA) until September 30. However, for SEZs, EOUs, and advance authorisation (AA) holders, the scheme expired on December 31 of the previous year.

The RoDTEP scheme, introduced in 2021, reimburses exporters for embedded non-creditable central, state, and local levies paid on inputs, with the aim of boosting India’s exports. Although initially limited in scope, the scheme was expanded on March 11, 2024, to include SEZs, EOUs, and AA holders to mitigate the impact of global economic challenges on exporters.

In a letter addressed to the expenditure and commerce secretaries, the Export Promotion Council for EOUs and SEZs (EPCES) expressed its view that denying RoDTEP benefits to specific exporter categories—EOUs, SEZs, and AA holders—is unjustified.

EPCES further highlighted that if budgetary constraints exist, the scheme could be restricted to specific sectors and products, rather than excluding certain exporters. They noted that covering EOUs and SEZs under RoDTEP would require limited funding, as exports from these units account for about 15 per cent of total merchandise exports.

Additionally, the Council proposed that if financial limitations persist, the scheme should be extended to all exporters only until March 31.

For the financial year 2024-25, the Union Budget has allocated Rs.16,575 crore for the RoDTEP scheme.

Amid global economic uncertainties, the Indian export industry has urged the government to extend the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for export-oriented units (EOUs) and special economic zones (SEZs) until the end of September. Currently, the RoDTEP scheme is available for exports from the domestic tariff area (DTA) until September 30. However, for SEZs, EOUs, and advance authorisation (AA) holders, the scheme expired on December 31 of the previous year. The RoDTEP scheme, introduced in 2021, reimburses exporters for embedded non-creditable central, state, and local levies paid on inputs, with the aim of boosting India’s exports. Although initially limited in scope, the scheme was expanded on March 11, 2024, to include SEZs, EOUs, and AA holders to mitigate the impact of global economic challenges on exporters. In a letter addressed to the expenditure and commerce secretaries, the Export Promotion Council for EOUs and SEZs (EPCES) expressed its view that denying RoDTEP benefits to specific exporter categories—EOUs, SEZs, and AA holders—is unjustified. EPCES further highlighted that if budgetary constraints exist, the scheme could be restricted to specific sectors and products, rather than excluding certain exporters. They noted that covering EOUs and SEZs under RoDTEP would require limited funding, as exports from these units account for about 15 per cent of total merchandise exports. Additionally, the Council proposed that if financial limitations persist, the scheme should be extended to all exporters only until March 31. For the financial year 2024-25, the Union Budget has allocated Rs.16,575 crore for the RoDTEP scheme.

Next Story
Resources

Blum India brings Design Reverie to Hyderabad

Blum India hosted the Hyderabad edition of its signature event, Design Reverie, at the historic Taj Falaknuma Palace, making it a memorable evening for the city’s architecture and interior design community. As per news reports, the event combined modern design sensibilities with the grandeur of a palace setting and the spiritual charm of Sufi qawwali.This marked the third edition of the event, after previous gatherings in Delhi and Bangalore. In Hyderabad, the focus was on fostering relaxed yet meaningful dialogue among design professionals—away from the typical conference setup. The eveni..

Next Story
Resources

Hafele launches Platinum Studio in Nagpur

Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director – HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele’s wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele’s full portfolio—includi..

Next Story
Resources

Truflo by Hindware wins GPTW honour again

Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India’s fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?