[feb]Remission of Duties or Taxes on Export Product (RoDTEP) scheme

Question 1

what?

Answer 1

• will replace Merchandise Exports from India Scheme (MEIS)
• will reimburse input taxes & duties paid by exporters
• including embedded taxes, such as local levies, coal cess, mandi tax, electricity duties and the fuel used for transportation – which are not exempted or refunded under any other existing scheme.

Question 2

Benefits?

Answer 2

• tax assessment will become fully automatic for exporters which will bring more transparency
• scheme will make Indian products cost-competitive in the international market.