RoDTEP: All round disappointed – 1 Oct 2021

The government announced the Scheme Guidelines and rates for the Remission of Duties and Taxes on Exported Products (RoDTEP) on 17th August 2021

HS Codes under Chapters 24 to 31 were excluded from the list. The government later explained that sectors that are performing reasonably well have been excluded from the RoDTEP scheme

The Merchandise Exports from India Scheme (MEIS) had to be discontinued following objections raised by USA that the scheme was incompatible and violative of international trade norms of WTO

The government decided to discontinue MEIS and announced the WTO-compliant RoDTEP scheme to replace it

But there is all round disappointment over the new scheme