Commerce dept mulls options for key export schemes

Commerce dept mulls options for key export schemes

New Delhi: The commerce and industry ministry is pushing for the continuation of two key export incentive schemes even as it weighs various options such as lowering the sops if they’re not allocated more funds. The ministry has moved a note for the approval of the Expenditure Finance Committee (EFC) to extend to the Interest … Read more

Outlay for export tax remission plans unlikely to change in Budget

Outlay for export tax remission plans unlikely to change in Budget

New Delhi: The government is unlikely to raise the allocation for its key tax remission schemes for exporters in the full budget for 2024-25 amid demand for increased support from the exporting community, senior officials said. In the interim budget presented in February, the government earmarked ₹16,575 crore for the Remission of Duties and Taxes … Read more

Govt extends RoDTEP benefits to e-commerce exports

Govt extends RoDTEP benefits to e-commerce exports

New Delhi: The government on Thursday announced extension of export benefits under RoDTEP scheme to e-commerce exports through post or couriers. The Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) provides for refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods … Read more