Panel formed to suggest tax refund rates for exports

THE GOVERNMENT HAS constituted a committee to review the rates of tax refund under the export schemes—Remission of Duties and Taxes on Exported Products (RoDTEP) and Rebate of State and Central Taxes and Levies (RoSCTL).

- FE BUREAU

Both these schemes are set to expire by the end of this financial year and the committee has been given time till March 31, 2026 to submit its main report. The panel is headed by former secretary Neeraj Kumar Gupta.

RoDTEP scheme was introduced in January 2021 as a replacement of Merchandise Exports from India Scheme (MEIS) after it was successfully challenged at the World Trade Organisation (WTO) by the US.