The Ministry of Finance has decided to extend the benefit of the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) to all export goods with effect from 1st January, 2021. But unfortunately, the RoDTEP rates have not been till now announced. As the rates have not been known, the exporting units are not in a position to quote competitive rates, get orders and execute them confidently. When the exporting units are at a time losing the orders just for 5 to 10 Cents per piece, the announcement of rate is urgently needed and in this connection, we have made representation to the Hon’ble Prime Minister and the Finance Minister to announce RoDTEP rates expediently and also pointed out that to compensate the increasing of yarn prices, we appealed to provide additional sops of 2% or 3%, which can be added with RoDTEP rates for a shorter period till the yarn prices .... Read More