Why in news
Indian tea industry seeks higher rates under RoDTEP scheme to compete in overseas markets.
Current RoDTEP rate for bulk tea is 1.7% with a cap of ₹6.70 per kilogram (Indian Tea Association).
Industry body urges government to increase the reward base rate for black tea.
Tea Association of India (TAI) proposes anti-dumping duty on Nepal tea imports.
Aims to prevent cheap tea imports and boost exports of genuine Darjeeling tea.
The Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) has emerged as a critical tool in supporting India's exporters.
It is a new scheme applicable from 1 January 2021.
It replaced the existing MEIS (Merchandise Exports from India Scheme).
This change was prompted by a World Trade Organization (WTO) ruling that determined the MEIS scheme's violation of WTO regulations due to its provision of export subsidies for a broad spectrum of goods.
The scheme ensures that the exporters receive the refunds on the embedded taxes and duties previously non-recoverable.
Its primary objective is to provide comprehensive support to exporters by remitting duties and taxes incurred during the production and distribution of exported products.
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