The Department of Commerce has announced updated schedules for the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme to support the country’s export sector amidst global disruptions. These revisions apply to DTA exports and exports by Advance Authorisation (AA), Export Oriented Units (EOUs), and Special Economic Zone (SEZ) units, aligning with changes in the Customs Tariff Act. The notification involves technical adjustments of RoDTEP tariff lines to match the revised Customs tariff structure, covering 194 tariff lines with additions, deletions, and modifications.
The revised schedules, effective from May 1, aim to streamline RoDTEP benefits in the Customs Automated System. This alignment is anticipated to reduce ambiguity in classification, ensure consistency between Customs tariff entries and RoDTEP schedules, and facilitate smoother processing of eligible export claims. The initiative, specific to RoDTEP, seeks to enhance the ease of doing business for exporters by harmonizing compliance frameworks, minimizing discrepancies, and ensuring continuity in remission of duties, taxes, and levies on exported products.
In response to the disruptions caused by the West Asia conflict, the government has introduced various measures to support Indian industry and consumers. These include customs duty cuts on raw materials, export incentives, fuel price controls, and financial support mechanisms to stabilize key sectors. Notably, Special Economic Zone (SEZ) units are now permitted to sell goods in the domestic market at reduced customs duty rates, benefiting manufacturing units. Additionally, targeted reductions in customs duties on essential petrochemical products aim to offset supply chain disruptions, particularly in sectors like plastics, packaging, textiles, pharmaceuticals, chemicals, and auto components.
