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RoDTEP Scheme Extended to E-Commerce Exports for Boost in Trade Benefits
Industry News- Dec 30,23
Implemented three years ago, the RoDTEP scheme involves refunding non-creditable central, state, and local levies embedded in the inputs paid by exporters.
Commerce and Industry Minister Piyush Goyal announced that the government has opted to extend the advantages of the export-boosting initiative known as Remission of Duties and Taxes on Exported Products (RoDTEP) to include e-commerce exports.
Implemented three years ago, the RoDTEP scheme involves refunding non-creditable central, state, and local levies embedded in the inputs paid by exporters.
At present, e-commerce exporters are excluded from RoDTEP benefits. The Commerce Ministry will soon issue a notification stating that RoDTEP will be accessible for e-commerce, and any necessary IT enablement will be facilitated by the ministry, according to a senior government official.
Estimating e-commerce exports proves challenging due to a significant portion being integrated into merchandise exports by major companies like Amazon and Walmart. Considering postal and courier exports, India currently exports goods through e-commerce valued at approximately $1 to $1.5 billion, constituting a fraction of the total $421 billion in exports.
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