Why is it in the news?
The government restored full benefits to exporters.
Aims to support exports amid global trade challenges.
Category: Economy
Important Points:
● RoDTEP stands for Remission of Duties and Taxes on Exported Products
● Launched in 2021 replacing MEIS scheme
● Refunds embedded taxes not covered under GST
● Ensures competitiveness of Indian exports
● WTO compliant duty remission scheme
● Provides e-scrips for payment of customs duties
● Covers over 8500 product categories
● Rebate ranges from 0.5% to 4.3% of export value
● Supports exporters facing logistics and cost pressures