The government has reinstated benefits worth ₹18,233 crore ($218.8 million) under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exports carried out by Advance Authorisation holders, Export-Oriented Units (EOUs) and units located in Special Economic Zones (SEZs). This decision marks a significant boost for the aluminium and mining sectors.
The move follows formal appeals by key industry bodies, including the Federation of Indian Chambers of Commerce & Industry (FICCI), the Federation of Indian Mineral Industries (FIMI), and the Aluminium Association of India, urging the government to restore the benefits under the scheme.
The RoDTEP scheme is aimed at reimbursing exporters for embedded taxes, duties, and levies that are not covered under any other refund mechanism, thereby enhancing the competitiveness of Indian exports.