RoDTEP) Scheme

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May 28, 2025

RoDTEP) Scheme

Why in News ? The government has announced the restoration of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exporters operating under Advance Authorisation (AA), Export-Oriented Units (EOUs), and Special Economic Zones (SEZs). This move is aimed at boosting India’s export competitiveness.

Relevance- Pre & Mains

Prelims: RoDTEP/ FIEO

Mains: GS 3

Key Points

Restoration of RoDTEP Scheme:

    • Benefits under the RoDTEP scheme have been extended to exporters under AA, EOUs, and SEZs.
    • These units were previously excluded from the scheme after February 5, 2025.

Purpose of the Scheme:

    • Introduced in 2021, the RoDTEP scheme reimburses exporters for embedded duties, taxes, or levies that are not refunded under any other schemes.
    • Aims to enhance the cost competitiveness of Indian exports.

Extension Timeline:

    • The government announced the restoration of benefits effective from June 1, 2025.
    • Industry bodies like the Federation of Indian Export Organisations (FIEO) have requested to backdate the benefits from February 7, 2025 for a seamless transition.

Significance:

    • Recognizes the critical role of AA holders, EOUs, and SEZ units in India’s export ecosystem.
    • Expected to make Indian exports more competitive globally.

Industry Response:

    • FIEO President S.C. Ralhan welcomed the move and emphasized its importance for the export sector.
    • Export bodies had actively lobbied for this extension following the discontinuation of the scheme earlier in the year.

Implications for Exporters:

Provides financial relief by offsetting embedded costs.

    • Encourages growth in exports from AA, EOUs, and SEZs.
 About Federation of Indian Export Organisations (FIEO):

The Federation of Indian Export Organisations (FIEO) is a leading trade promotion organization in India, established in 1965 under the joint initiative of the Ministry of Commerce and Industry and private trade and industry stakeholders. It serves as the apex body for Indian exporters across various sectors.

Key Details

Purpose and Objectives:

·         To promote and facilitate exports from India.

·         To represent and support the interests of Indian exporters globally.

·         To act as a bridge between the government and exporters, providing feedback on policies and advocating for favorable measures.

Membership:

    • FIEO represents various sectors of export, including manufacturers, traders, service providers, and consultancy firms.
    • Members include both large and small exporters across a range of industries.

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RoDTEP) Scheme | Vaid ICS Institute