Industry News

Government reinstates $218.8 M RoDTEP benefits, marking a significant boost for aluminium & mining sector

Views : 46
Update time : 2025-05-28 16:17:21
The government has reinstated benefits worth ₹18,233 crore ($218.8 million) under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exports carried out by Advance Authorisation holders, Export-Oriented Units (EOUs) and units located in Special Economic Zones (SEZs). This decision marks a significant boost for the aluminium and mining sectors.

The move follows formal appeals by key industry bodies, including the Federation of Indian Chambers of Commerce & Industry (FICCI), the Federation of Indian Mineral Industries (FIMI), and the Aluminium Association of India, urging the government to restore the benefits under the scheme.

The RoDTEP scheme is aimed at reimbursing exporters for embedded taxes, duties, and levies that are not covered under any other refund mechanism, thereby enhancing the competitiveness of Indian exports.

Related News
Read More >>
ArcelorMittal sells Bosnian operations to Pavgord Group ArcelorMittal sells Bosnian operations to Pavgord Group
Jun .24.2025
ArcelorMittal sells Bosnian operations to Pavgord Group
Global stainless steel output rises in Q1 Global stainless steel output rises in Q1
Jun .24.2025
Global stainless steel output rises in Q1
India to impose AD duty on aluminum foil from China India to impose AD duty on aluminum foil from China
Jun .24.2025
India to impose AD duty on aluminum foil from China
US to maintain AD & CVD duties on steel threaded rod imports US to maintain AD & CVD duties on steel threaded rod imports
Jun .24.2025
US to maintain AD & CVD duties on steel threaded rod imports