Commerce dept seeks to extend 2 export schemes ahead of Union Budget

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Commerce dept seeks to extend 2 export schemes ahead of Union Budget - Business Standard

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In the case of Rodtep for SEZs, export-oriented units (EoUs), and Advance Authorisation (AA), the scheme has been extended till January 29 after an intervention from the Prime Minister’s Office (PMO) last week.

Ahead of the Union Budget, the commerce department is talking to the finance ministry on continuing two major export-boosting schemes — Remission of Duties and Taxes on Exported Products (Rodtep) for export-oriented units and special economic zones (SEZs), and the Interest Equalisation Scheme (IES).