New Delhi: The government on Friday informed the Rajya Sabha that it has disbursed Rs 15,756.96 crore till December 25 this fiscal under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme.
It has benefited more than 1.11 lakh exporters so far this fiscal, Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Rajya Sabha.
The scheme was implemented on January 1, 2021. It refunds embedded taxes and duties that are not otherwise rebated under any other mechanism.
The scheme helps ensure that Indian exports remain competitive in global markets by neutralising such taxes in a WTO-compliant manner.
In FY22, the remission disbursed was Rs 14,798.42 crore, and in FY25, it rose to Rs 18,734.56 crore.
Labour-intensive sectors such as textiles and apparel, marine products, agricultural products, chemicals, and engineering goods are among the key beneficiaries, and account for a substantial share of RoDTEP support and contribute significantly to employment generation and export growth, he said.
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