May 28, 2025
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:
Purpose of the Scheme:
Extension Timeline:
Significance:
Industry Response:
Implications for Exporters:
Provides financial relief by offsetting embedded costs.
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:
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