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News


Centre mulls revival of RoDTEP benefits for sugar exports
Date: 24 Dec 2023
Source: The Hindu
Reporter:
News ID: 57268
Pdf:
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              The government is trying to work out a mechanism to bestow tax remission benefits on exports of sugar, which had been placed in the ‘restricted’ category in mid-2022, and is considering a demand from tea exporters to raise their tax remission rates.

 
The Remission of Duties and Taxes on Export Products (RoDTEP) scheme, launched in January 2021, is aimed at ensuring that no domestic taxes are added on to goods’ shipments meant for export. Authorities had denied benefits under the scheme to sugar exporters after the sweetener was removed from the ‘free’ category in June 2022 as a pre-emptive measure to boost domestic availability and avoid a spurt in prices.
 
  

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