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Commerce department for RoDTEP budget hike to Rs 20,000 crore.
Jun 16, 2021

The Department of Commerce (DoC) has recommended increasing the budget of the Remission of Duties and Taxes on Export Products (RoDTEP) scheme to Rs20,000 crore to cover all 11,310 tariff lines and allay any legal concerns that it is a mere replacement of the WTO non-compliant Merchandise Export Incentive Scheme (MEIS).
 
The Department of Revenue had set the annual financial outlay at Rs13,000 crore to include 7,910 tariff items, which were covered under MEIS. But DoC suggested that such a move will give an impression that RoDTEP is just a re-instrumentation of the MEIS.
    
The Economic Times

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