Centre Notifies Scheme To Boost Exports

With the aim of boosting exports, the Centre has notified the Remission of Duties and Taxes on Exported Products scheme.

With the aim of boosting exports and help exporters seek refund of all central and state duties levied on their products, the Centre on Tuesday notified the Remission of Duties and Taxes on Exported Products or RoDTEP scheme. Informing about the scheme, Commerce Minister Piyush Goyal tweeted, "Government notifies RoDTEP scheme guidelines and rates for boosting exports by creating a level playing field for exporters leading to greater competitiveness and increased employment generation. Will enable 'zero-rating' of exports for building an Aatmanirbhar Bharat.” Employment oriented sectors like marine, agriculture, leather, gems and jewellery are covered under the scheme, while other sectors like auto and electronics will also be supported by it, official sources said.   "The scheme for zero rating of exports will boost our exports & competitiveness in the global markets. The rates of RoDTEP will cover 8555 tariff lines," a statement issued by the ministry said.