Govt likely to extend key export incentive programme for five years
The commerce ministry sought ₹23,000 crore ($2.40 billion) from the finance ministry under the programme for 2026/27
 "Govt likely to extend key export incentive programme for five years")
The Commerce Ministry has sought a five-year extension of the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme for exporters, an official said on Wednesday.
The scheme will end on September 30.
The official said the ministry is in discussion with the Department of Expenditure on the issue.
The scheme, launched in 2021, provides for a refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods, and not being reimbursed under any other mechanism at the Centre, state or local level.
Refunds under the scheme range from 0.3 per cent to 3.9 per cent.
The budget allocation under the scheme for 2025-26 was ₹18,232 crore. The budget for the scheme for this fiscal was ₹10,000 crore.
"Based on last year's expenditure...we are already in discussions with the department of expenditure on that framework, and I am sure the government is examining it, and we will ensure that there is predictability to it," the official said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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