Allocation for the commerce department's key Remission of Duties and Taxes on Export Products (RODTEP) scheme has been increased by 10 per cent, from ₹13,699 crore in 2022-23 to ₹15,069 crore in the next financial year.
Rebate of State and Central Taxes and Levies (RoSCTL) a similar scheme for garments and made-ups - the total outgo from the Centre will be ₹8,405 crore in 2023-24, up from ₹7,461 crore.
Both schemes aim to refund to exporters the embedded non-creditable central, state and local levies paid on inputs. These taxes were not refunded earlier.
Diese Geschichte stammt aus der February 03, 2023-Ausgabe von Business Standard.
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