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India seeks to justify RoDTEP reimbursements amid US countervailing duties
Industry News- Dec 18,23
This initiative follows the recent imposition by Washington of countervailing or anti-subsidy duties on certain Indian products in response to the RoDTEP scheme implemented for outgoing shipments in January 2021.
A senior government official stated that India aims to persuade the United States (US) that the reimbursements sought under the Remission of Duties and Taxes on Exported Products (RoDTEP) are in accordance with World Trade Organisation (WTO) principles. This initiative follows the recent imposition by Washington of countervailing or anti-subsidy duties on certain Indian products in response to the RoDTEP scheme implemented for outgoing shipments in January 2021. Countervailing duties are levied on imported goods to neutralise embedded subsidies enjoyed by exporters from a specific country.
Source: Business Standard
India
RoDTEP
United States
World Trade Organisation
Remission of Duties and Taxes on Exported Products
RoDTEP
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