RoDTEP reimburses exporters for taxes, duties, and levies—imposed on the central, state, and native ranges—that aren't refunded underneath every other programme, however are incurred through the manufacture and distribution of export merchandise.
The scheme was initially scheduled to run out on September 30.
The extension is available in response to calls for from exporters for monetary help following the U.S. doubling tariffs on Indian items, with levies reaching as much as 50% on merchandise together with textiles, leather-based items, and meals gadgets.
At present, RoDTEP gives incentives for over 10,000 merchandise, spanning agriculture, textiles, and engineering items, providing rebates of 1%-4% of product worth in compensation for taxes paid by exporters.
(With inputs from Reuters)
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