The government plans to handhold the industry to help them familiarise with adequate documentation that they need to maintain for the Remission of Duties or Taxes on Export Products (RoDTEP) scheme-related reimbursements, a senior government official said.
This is because last year, the United States (US) and the European Union (EU) had imposed countervailing or anti-subsidy duty against some products as retaliation against India’s export boosting scheme.
The RoDTEP scheme allows refunds of the embedded non-creditable central, state and local levies paid on inputs to exporters and is compliant with World Trade Organisation (WTO) norms. Government officials believe
Also Read
India's electronics exports surpass $20 billion, iPhone dominates surge
Leaf out of China's playbook: India may create green channel for e-commerce
India's fuel subsidies fourth largest in the world, shows IMF data
TMS Ep558: EV subsidies, rural sales in Diwali, markets, AQI
India faces queries from WTO on PMGKAY extension and rice export ban
Red Sea disruptions likely to dent India's growth forecast, says Fitch
Amended biological diversity law raises fear of loss for tribals
'Free trade agreement talks between India, EFTA bloc at advanced stage'
India likely to resume Iran crude oil imports due to Houthi threat
Govt should not cut import duties on parts used in making smartphones: GTRI