The Remission of Duties and Taxes on Exported Products (RODTEP) scheme is an initiative by the Government of India to support exporters by refunding the embedded taxes and duties incurred during the manufacturing and export process. This scheme was introduced to replace the Merchandise Exports from India Scheme (MEIS) and aims to enhance the competitiveness…
The Duty Drawback Scheme is a government initiative in India that allows exporters to claim a refund on customs duties and taxes paid on imported inputs used in manufacturing export products. This helps reduce production costs and makes Indian goods more competitive in international markets. What is the Duty Drawback Scheme? The Duty Drawback Scheme…
The Advance Authorisation Scheme (AAS) is an important part of India’s Foreign Trade Policy. It helps boost exports by allowing businesses to import raw materials and inputs without paying customs duties, as long as they use them to make products for export. This scheme reduces production costs, making Indian goods more competitive in the global…