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Industry hopeful that RoDTEP will eliminate all undesired tax costs for exporters: ET-ILC Members SECTIONS Industry hopeful that RoDTEP will eliminate all undesired tax costs for exporters: ET-ILC MembersBy Nikita Rana, ET CONTRIBUTORS Last Updated: Feb 03, 2021, 04:25 PM IST Share Synopsis The aim of RoDTEP is to refund non-creditable taxes embedded in the export product and the genesis of GST was to create a robust Input Tax Credit mechanism. Government of India’s proposal to replace the Merchandise Export Incentive Scheme (MEIS) with the Remission of Duties or Taxes on Export Product (RoDTEP), as the former was not WTO compliant, seems to have gone down well with most industry players. Now, in a recent statement released, the finance ministry has said that the RoDTEP scheme will be extended to all export goods from Jan 1, 2021. The RoDTEP rates, conditions and exclusions under which it can be availed will be detailed by the department of commerce, based on recommendation

Satyakam aryaRohit jainMerchandise export incentive schemeExport productInput tax creditEconomic lawsசத்யகம் ஆர்யாரோஹித் ஜெயின்பொருட்கள் ஏற்றுமதி ஊக்கத்தொகை திட்டம்ஏற்றுமதி ப்ராடக்ட்உள்ளீடு வரி கடன்பொருளாதார சட்டங்கள்