Aluminium Industry reiterates urgency for 5% RoDTEP rate for economic sustainability equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Aluminium cos seek tax rebate of 5% on exports
May 12, 2021
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It also requested a separate budget allocation for the aluminium industry to double Aluminium exports over the next 2-3 years The Aluminium Association of India has urged the government to implementation the RoDTEP Scheme (Remission of Duties or Taxes on Export Products) for the Indian Aluminium industry on priority to survive these challenging times.
In a letter to senior officials of ministries of Commerce and Industry and Finance and Corporate Affairs, the association has expressed the urgent need for at least 5 per cent remission rate for the Aluminium sector under RoDTEP Scheme.
Champion industry, aluminium, looks for 5% RoDTEP rate to boost exports
By IANS |
Published on
Thu, Mar 4 2021 14:27 IST |
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Aluminium.. Image Source: IANS News
New Delhi, March 4 : The Ministry of Finance announced implementation of RoDTEP Scheme and extending benefit to all export goods with effect from April 1, 2021. This announcement is a huge relief for exporters post withdrawal of the MEIS and will provide much needed impetus to boost Indian exports.
However, the pendency of notifying the sector-wise remission rates under RoDTEP Scheme is creating a precarious situation and uncertainty for Indian exporters due to ambiguity w.r.t. pricing of goods and thereby impacting Indian exports.
Champion industry, aluminium, looks for 5% RoDTEP rate to boost exports (Ld) prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.