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Government removes all uncertainties on new export incentives

Ending uncertainty for exporters, Finance Minister Nirmala Sitharaman on Saturday announced the Remission of Duties or Taxes on Export Products (RoDTEP) scheme for reimbursing input duties and taxes that will replace the existing Merchandise Exports from India Schemes (MEIS) which is not compliant with world trade rules. The revenue foregone for the new scheme is estimated at up to Rs 50,000 crore per annum. Textiles and all other sectors will transit into RoDTEP from January 1, 2020.

Read More at CNBCTV18 News date : 16 Sep 2019, Monday

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