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Government Convenes Panel to Revamp Export Incentive Schemes
29 Oct
Summary
- Committee formed to review RoDTEP and RoSCTL schemes
- Schemes set to expire by end of current fiscal year
- Panel has until March 2026 to submit final recommendations
In a significant move, the Indian government has formed a committee to review the tax refund rates under two major export incentive schemes - the Remission of Duties and Taxes on Exported Products (RoDTEP) and the Rebate of State and Central Taxes and Levies (RoSCTL).
The committee, headed by former secretary Neeraj Kumar Gupta, has been given until March 31, 2026, to submit its final recommendations. This comes as both the RoDTEP and RoSCTL schemes are set to expire by the end of the current financial year.
The panel will interact with various stakeholders, including administrative ministries, export promotion councils, commodity boards, and trade bodies, to finalize its proposals. It will also work out the modalities for calculating the duties, taxes, and levies at the central, state, and local levels that are applicable to exported products.
In their report, the committee will recommend the ceiling rates under the RoSCTL and RoDTEP schemes for exports from domestic tariff areas, special economic zones, and advance authorization holders. This is a critical move as the government seeks to optimize the export incentive framework and support the country's exporters.
