Mumbai, August 23: The incentive schemes of RoDTEP (Remission of Duties and Taxes on Exported Products) and the RoSCTL (Rebate of State and Central Taxes and Levies) introduced by the Ministry of Commerce and Industry are a big shot in the arm for the present and prospective exporters.
According to Mr. B. Timothy, Vice President of AIIEA, the Rs.12,454 Cr RoDTEP and Rs. 8,555 Cr. RoSCTL schemes covering 95% of tariff lines and two other schemes in the pipeline will provide much-needed relief to exporters and will go a long way in boosting exports and tapping new export markets.
The All India Association of Importers’ and Exporters’ Association appreciates the Hon’ble Union Minister of Commerce & Industry, Shri. Piyush Goyal for taking such creative initiatives towards achieving the export target of $ 400 billion this financial year.