Parliamentary committee recommends a GST Council-like body for RoDTEP

The Finance Ministry has allocated Rs 14,245 crore for the RoDTEP scheme in FY23, up from Rs 12,454 crore in FY22

The Parliamentary Standing Committee on Commerce has recommended setting up a RoDTEP (Remission of Duties and Taxes on Exported Products) Council, on similar lines of GST (Goods and Services Tax) Council. This would define a road map for short- and medium-term changes in rate structure by ensuring periodic review of rates under the scheme.

“The committee notes that the evaluation of the provisions of (the) RoDTEP scheme by the committee set up in the revenue department is crucial. It recommends the committee to properly scrutinise the rationale behind stipulated rates and its impact on export performance of industries with suggestions on