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Steel, Pharma & Chemical Sector Included in the Export Tax Refund Scheme

The Directorate General of Foreign Trade (DGFT) has issued a notification for inclusion of additional export items under the Remission of Duties or Taxes on Export Products (RoDTEP) Scheme.

This scheme was introduced with an objective to neutralize the taxes and duties suffered on exported goods which are otherwise not credited or remitted or refunded in any manner and remain embedded in the export goods. It was enforced from January 1, 2021, by making amendments in the Foreign Trade Policy 2015-20 vide DGFT Notification No. 19/2015-20 dated 17.08.2021.

The Appendix 4R of Handbook of Procedures, Notified by Department of Commerce under DGFT notification No. 19/2015-20 dated 17.08.2021 provided the RoDTEP Rates and the scheme was applicable to all the sectors apart from steel, pharmaceuticals, organic and inorganic chemicals as well as apparel and made-ups (Chapter 61, 62 & 63) for which the RoSCTL scheme had been extended.

With the current notification, Appendix 4R has been revised to extend the scheme to steel, pharmaceutical and chemical sector for exports made from 15.12.2022 to 30.09.2023.