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India Boosts Exports: Key Schemes Extended
3 Apr
Summary
- RoSCTL and RoDTEP schemes reduce hidden taxes for exporters.
- Apparel and textile sectors particularly benefit from extensions.
- Duty exemption on petrochemicals aids dependent industries.
The Indian government has recently extended key export incentive schemes, RoSCTL and RoDTEP, providing critical support to domestic exporters navigating global supply chain disruptions and uncertain demand. These measures are designed to reduce embedded taxes on exported goods, thereby enhancing their price competitiveness in international markets.
The RoSCTL scheme, specifically for apparel, garments, and made-ups, has been extended until September 30, 2026. Concurrently, the RoDTEP scheme will continue for another six months, supporting textile products not covered by RoSCTL. These extensions are expected to improve liquidity for MSMEs, sustain employment, and boost the overall competitiveness of the textile and apparel sectors.
In a complementary move, customs duty on certain petrochemical imports has been waived for three months until June 30, 2026. This aims to ensure supply stability for industries reliant on petrochemical feedstock, including plastics, packaging, textiles, pharmaceuticals, chemicals, and automotive components. The government maintains close coordination with industry stakeholders to address emerging challenges.
