The government is trying to work out a mechanism to bestow tax remission benefits on exports of sugar, which had been placed in the ‘restricted’ category in mid-2022, and is considering a demand from tea exporters to raise their tax remission rates. “Any item which is restricted is not entitled for the RoDTEP benefits. So once the Department of Food takes a decision, we will see what kind of notification can be effected to restore the RoDTEP benefits,” the official added. The court had underlined that a distinction was warranted between goods whose exports are restricted altogether, and those that are restricted with conditions. The Commerce Ministry is also considering an enhancement in the RoDTEP rates for tea exports, especially for high-quality teas, based on an industry request.

Source: The Hindu December 25, 2023 13:02 UTC