The Indian Government has extended the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme for an additional six months, ensuring its continuation until March 31, 2026. This decision by the Directorate General of Foreign Trade (DGFT) comes at a critical time, as Indian exporters face significant headwinds, including 50 per cent reciprocal tariffs imposed by the United States. The extension is intended to provide crucial support and policy certainty to the export sector.
Refunding various central and state duties, taxes, and levies that are not reimbursed under other mechanisms, the RoDTEP scheme will continue to apply its existing rates to all eligible export items. The scheme is compliant with World Trade Organization (WTO) provisions and covers a vast range of products, including over 8,555 items like yarn, sarees, and lungis from the textile industry.
The DGFT's notification confirms, the scheme will remain in force for exports made by Domestic Tariff Area (DTA) units, Advance Authorisation (AA) holders, Special Economic Zone (SEZ) units, and Export Oriented Units (EOUs). However, the operation of the scheme will be managed within the approved budgetary framework of the Foreign Trade Policy (FTP) 2023 to ensure that total remissions during the financial year remain within the allocated limits.
