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MoneyWireExport Support: Government extends duty refund plan for exporters by 6 months till Mar 31
Export Support

Government extends duty refund plan for exporters by 6 months till Mar 31

This story was originally published at 13:00 IST on 30 September 2025
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Informist, Tuesday, Sept. 30, 2025

 

NEW DELHI - The government has extended its flagship export promotion scheme, Remission of Duties and Taxes on Exported Products, or RoDTEP, for six months till Mar. 31, the Directorate General of Foreign Trade said in a notification. The scheme was set to end Tuesday.

 

Under the scheme, the government reimburses duties and taxes paid by exporters on imported inputs. In May, the government also expanded the benefits of the scheme to exporters from special economic zones and export-oriented units.

 

In August, Informist had reported that the government was mulling the extension of the scheme in light of the rising global trade and tariff uncertainties. Much of the uncertainties emanate from the shift in the US' trade policy after President Donald Trump assumed office. 

 

The US, which is India's top export destination, imposed a 50% tariff on Indian goods last month. Besides the country-specific tariff, the Trump administration has also announced extra sector-wise tariffs on pharmaceutical products, automobiles, steel, and aluminium.  

 

The US tariffs cast a long shadow on over $50 billion worth of Indian goods exports to the US, specially products from labour-intensive sectors such as chemicals and fertilisers, textiles and apparel, gems and jewellery, shrimp and seafood, furniture and beddings, and machinery and mechanical appliances. In the financial year 2024-25 (Apr-Mar), India had exported $86.51 billion worth of goods to the US and had a trade surplus of $40.82 billion.  End

 

US$1 = INR 88.79

 

Reported by Krity Ambey

Edited by Vandana Hingorani

 

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