RODTEP scheme incentives way below exporters’ expectations

While the government has finally announced the tax refund rates for the muchawaited Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, exporters say the incentives are way below their expectations. Exactly two years after it was announced, and after missing several deadlines, the RoDTEP export promotion scheme has finally been fully launched. On August 13, the Commerce Department announced the much-awaited new export refund rates under RoDTEP.

But exporters say that many products have been left outside the ambit of the scheme.