Is the Extension of RoDTEP Scheme a Game Changer for Exporters?
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Synopsis
The FIEO's enthusiastic response to the RoDTEP scheme's extension till March 2026 signals a renewed hope for exporters grappling with global trade challenges. This decision comes at a vital time, promising stability and support for India's export growth ambitions.
Key Takeaways
- RoDTEP scheme extended until March 2026.
- Alleviates uncertainty for exporters.
- Supports competitive edge in global markets.
- Encourages exporters to explore new markets.
- Collaboration between FIEO and the government.
New Delhi, Sep 30 (NationPress) The Federation of Indian Export Organisations (FIEO) expressed its strong approval regarding the government’s recent decision to extend the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme until March 31, 2026. This extension will encompass exports from the domestic tariff area (DTA), holders of advance authorisation, special economic zones (SEZs), and export-oriented units (EOUs).
FIEO President S C Ralhan remarked that this timely extension alleviates the uncertainty that exporters had been grappling with.
“The timely extension of RoDTEP has lifted the cloud of uncertainty over the exporting community,” Ralhan stated.
He emphasized that this decision arrives at a pivotal moment when global trade is encountering significant hurdles, providing exporters the assurance to strategize their shipments with confidence.
“This initiative comes at a crucial point when exporters are navigating global challenges, granting them the much-needed policy stability for more confident export planning,” he added.
Ralhan highlighted that RoDTEP has been essential in enhancing the competitiveness of Indian exports by refunding taxes and duties that are not recoverable otherwise.
He believes that the continuation of this scheme will empower Indian exporters to maintain their momentum, despite current global challenges.
“The scheme has been vital in making Indian exports competitive by neutralizing the burden of non-creditable taxes and duties; its continuation will be instrumental for exporters to sustain their growth in today’s challenging global trade atmosphere,” Ralhan noted.
He also commended the Ministry of Commerce & Industry and the Directorate General of Foreign Trade (DGFT) for their positive response to exporters’ concerns.
Ralhan stated that such policy consistency bolsters India’s standing in international markets and inspires exporters to discover new markets and broaden their product offerings.
FIEO reaffirmed its commitment to collaborate closely with the government to ensure that exporters fully leverage the RoDTEP scheme, contributing to India’s ambitious export growth objectives.
Point of View
I believe that the government's decision to extend the RoDTEP scheme is a significant move that reinforces India's commitment to supporting its exporters. This extension not only alleviates uncertainty but also positions India favorably in the global market. It is essential for the nation's economic growth to foster such policies that encourage exports.
NationPress
30/09/2025
Frequently Asked Questions
What is the RoDTEP scheme?
The RoDTEP scheme stands for Remission of Duties and Taxes on Exported Products, aimed at refunding taxes and duties that are not otherwise credited to exporters.
Why is the extension of the RoDTEP scheme important?
The extension is crucial as it provides exporters with policy stability, allowing them to plan their shipments confidently amidst global trade challenges.
How long has the RoDTEP scheme been extended?
The RoDTEP scheme has been extended until March 31, 2026.
Who benefits from the RoDTEP scheme?
The scheme benefits exporters from the domestic tariff area, holders of advance authorisation, special economic zones, and export-oriented units.
What impact does RoDTEP have on Indian exports?
RoDTEP plays a vital role in making Indian exports more competitive by neutralizing the incidence of non-creditable taxes and duties.
