Industry Seeks RoDTEP Extension for SEZs and EOUs till September End
08 Jan 2025
2 Min Read
CW Team
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鈥檚 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鈥擡OUs, SEZs, and AA holders鈥攊s 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鈥檚 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鈥擡OUs, SEZs, and AA holders鈥攊s 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
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
