The government on Tuesday extended the period of its flagship export promotion scheme Remission of Duties and Taxes on Exported Products (RoDTEP) till the end of this year as exporters face increasing uncertainty in the global market.

The exports from the units in the Domestic Tariff Area (DTA), Export Oriented Units (EoU), Advance Authorisations (AA) holders and units in Special Economic Zones (SEZs) will be eligible for the scheme, a notification by the Directorate General of Foreign Trade (DGFT) said.

What does this advance authorization do?

Advance Authorization allows exporters duty free import of inputs for production of export goods.

“The existing RoDTEP rates will continue to apply for all export items. The operation of the scheme shall, however, remain subject to budgetary f

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