Industry seeks RoDTEP-like scheme for service exports: Check details here

The industry has urged the Centre to roll out a scheme to boost services export and incorporate it as a part of the new foreign trade policy that is expected to kick in from October.

The scheme — Duty Remission of Export of Services Scheme or DRESS — will reimburse the un-refunded taxes and duties embedded in services exports, Maneck Davar, chairman, Services Export Promotion Council (SEPC) told Business Standard, adding that the scheme, if imple­mented, will increase competitiveness of services exporters in the country. 

The scheme will support services exports and focus on issues such as employment generation, look