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RoDTEP Scheme Benefits Extended to EOUs, SEZ Units, and AA Holders

Published on March 11, 2024
Current Context: The Indian government has indeed extended the benefits of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to include companies operating in Special Economic Zones (SEZs), Export Oriented Units (EOUs), and Advance Authorisation (AA) holders.
RoDTEP Scheme Benefits Extended to EOUs, SEZ Units, and AA Holders
  • This move is aimed at supporting exporters amid global economic uncertainties and supply chain disruptions.
  • The key highlights of this extension are:
    • Amendments in Eligibility and Scheme Provisions: Certain items/categories previously ineligible under the RoDTEP scheme have been made eligible with effect from March 11, 2024.
    • Extension and Implementation Dates: The scheme is now extended to include AA holders (excluding Deemed Exports), EOU, and SEZ units, with specific implementation periods and conditions outlined for each group.
    • Budgetary and Rate Adjustments: Adjustments, including revisions or deletions, may be made to ensure the scheme’s outgo remains within the approved budget.
    • Extension of the RoDTEP Scheme: The notification also extends the overall duration of the RoDTEP scheme beyond the previously set deadline of June 30, 2024, to now continue until September 30, 2024.
  • This decision reflects the government’s commitment to promoting exports by providing necessary incentives and rebates on exported products, thus facilitating the overall growth of India’s export sector.
  • The extension of RoDTEP benefits to SEZs, EOUs, and AA holders is expected to provide significant relief to key export sectors, including engineering, textiles, chemicals, pharmaceuticals, and food processing.

Question:

Q.1 Which of the following groups are now included in the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme?
a. Special Economic Zones (SEZs)
b. Export Oriented Units (EOUs)
c Advance Authorisation (AA) holders
d. All of the above
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