What Is RODTEP Scheme in Export

Introduction to RoDTEP Scheme RoDTEP, an acronym for Remission of Duties and Taxes on Export Products, is a fresh initiative that commenced on January 1, 2021. Created as a successor to the former MEIS (Merchandise Exports from India Scheme), RoDTEP guarantees exporters reimbursement for previously non-recoverable embedded taxes and duties. This scheme’s inception aimed to reinvigorate exports, which had previously struggled with inadequate volume. The Genesis of RoDTEP Scheme Pressure from the United States prompted India to revisit its key export subsidy programs within the framework of the World Trade Organization (WTO). The US claimed these subsidies adversely affected American […]