The government has extended export benefits under the Remission of Duties or Taxes on Export Products Scheme (RoDTEP) scheme to 18 items related to the textiles sector, including saari and lungi, with a view to boost shipments of these goods.

Share Market Live

NSE

Benefits under the duty refund scheme — Remission of Duties and Taxes on Exported Products (RoDTEP) — will be given to exports made from March 23, the Directorate General of Foreign Trade (DGFT) has said in a notification.

Under the RoDTEP, various central and state duties, taxes, and levies imposed on input products, among others, will be refunded to exporters.

"18 tariff lines...are being added...under RoDTEP for exports made from March 28, 2023," it said.

The items include shirting fabrics, casement, and cambric.

Also Read: Former RBI governor YV Reddy praises Shaktikanta Das – here’s why