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Govt to extend RoDTEP benefits to e-commerce exports: Piyush Goyal
The RoDTEP scheme, which came into effect three years ago, refunds the embedded non-creditable central, state, and local levies paid on inputs to exporters
Commerce and Industry Minister Piyush Goyal on Thursday said that the government has decided to extend the benefits of the export-boosting scheme Remission of Duties and Taxes on Exported Products (RoDTEP) to e-commerce exports.
The RoDTEP scheme, which came into effect three years ago, refunds the embedded non-creditable central, state, and local levies paid on inputs to exporters.
'Right now, e-commerce exporters are not getting RoDTEP benefits. We are going to notify that RoDTEP will be available for e-commerce, and for whatever IT enablement is required, the Commerce Ministry will do,' a senior government official said.
It is difficult to get an estimate of e-commerce exports because a considerable portion of e-commerce exports by large companies such as Amazon and Walmart are a part of merchandise exports. Taking into account postal and courier exports, India exports goods via e-commerce to the tune of $1 to $1.5 billion out of total $421 billion exports.