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Home / Business / Par panel asks Comm Min to engage with FinMin on increasing allocations for RoDTEP

Par panel asks Comm Min to engage with FinMin on increasing allocations for RoDTEP

The committee has recommended the commerce ministry to iron out issues that hindered the signing of free trade agreements with India's leading trade partners
Representational image.

PTI   |   New Delhi   |   Published 12.09.21, 02:40 AM

The commerce ministry should engage with its finance counterpart for additional allocation under the recently notified tax rebate scheme for exporters — RoDTEP — as the budgeted Rs 12,500 crore for the programme would be inadequate to meet its objectives, the parliamentary panel on commerce said.

Last month, the government announced rates of tax refunds under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for 8,555 products.



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