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Zinc manufacturers ask Centre for 5% RoDTEP rate
May 24, 2021
India Lead Zinc Development Association write to Minister Piyush Goyal
India Lead Zinc Development Association (ILZDA) has urged the Central government to urgently notify a 5 per cent remission rate under the RoDTEP (Remission of Duties or Taxes on Export Products) Scheme for zinc exports to help enhance competitiveness in the global market.
“For the last few months, the domestic demand for zinc has been somewhat depressed due to reduced fund inflow into infrastructure, declined automobile production, etc. As a result, since mid-April the Indian zinc industry has been compelled to export as much zinc as possible,” the industry group said in a letter to Minister for Commerce & Industry Piyush Goyal on May 22.