Centre extends export benefit to 18 textile items under RoDTEP
New Delhi, Mar 27 (KNN) The government has decided to extend export benefits to 18 items belonging to the textiles sector under the Remission of Duties and Taxes on Exported Products (RoDTEP).
The Directorate General of Foreign Trade (DGFT) in a notification said that the government has extended export benefits under RoDTEP scheme to 18 items related to textiles sector, including saari and lungi, with a view to boost shipments of these goods.
The benefits under the duty refund scheme will be given to exports made from March 28, the notification said.
As per reports, the items incorporated under the duty refund scheme include shirting fabrics, casement, and cambric.
RoDTEP is a flagship export promotion scheme of the Commerce Ministry of India. The scheme aims to refund to the exporters the embedded central, state and local duties and taxes paid on inputs that were so far not refunded or rebated.
It was announced in September 2019 with an aim to boost the domestic exports and replace the export incentive scheme Merchandise Exports from India (MEIS) scheme. (KNN Bureau)