Centre Constitutes Panel to fix ceiling rates under Remission of Duties and Taxes on Export Products (RoDTEP) scheme
- The Central Board of Indirect Taxes and Customs (CBIC) has constituted a three-member committee to determine the ceiling rates for reimbursement of taxes and duties to exporters under the Remission of Duties and Taxes on Export Products (RoDTEP) scheme.
- The committee would comprise of former Home Secretary G K Pillai as Chairman.
- The other two members are Y G Parande (retd CBIC member) and Gautam Ray (retd chief commissioner of custom and central excise).
- The committee shall interact with the administrative ministries, export promotion councils, commodity boards, trade bodies and other stakeholders so as to take their views on the ceiling rates under RoDTEP scheme.
- Remission of Duties and Taxes on Export Products (RoDTEP) scheme
- The Remission of Duties and Taxes on Export Products (RoDTEP) scheme for reimbursement of taxes was announced by the government to replace Merchandise Exports from India Scheme (MEIS) and make Indian products competitive in global markets..
- The RoDTEP scheme aims to reimburse the taxes and duties incurred by exporters such as duty on power charges, VAT on fuel in transportation, farm sector, captive power generation, mandi tax, stamp duty and central excise duty on fuel used in transportation, which are not exempted or refunded under any other existing scheme.