FIEO welcomes restoration of RoDTEP benefits to Advance Authorisation, EOU and SEZ units

NEW DELHI : The Federation of Indian Export Organisations (FIEO) welcomes the Government of India’s decision to restore the Remission of Duties and Taxes on Exported Products (RoDTEP) benefits to units operating under Advance Authorisation, Export Oriented Units (EOUs), and Special Economic Zones (SEZs). This positive step will go a long way in improving the global competitiveness of Indian exporters operating under these key export promotion schemes, said Mr S C Ralhan, President, FIEO.

President FIEO stated that the industry has been earnestly seeking parity in RoDTEP coverage for all export segments, particularly those contributing significantly to India’s value-added exports. The extension of RoDTEP benefits to Advance Authorisation, EOU, and SEZ units reflects the government’s recognition of their critical role in India’s export ecosystem.

The restoration of RoDTEP benefits to Advance Authorisation, EOU and SEZ exporters will not only ensure level playing field for these entities but also boost price competitiveness of their products in international markets. This is a vital support at a time when Indian exporters are navigating intense global competition and demand uncertainties. It will certainly help in pushing exports and improving India’s share in global trade observed Mr Ralhan.

FIEO also respectfully requests the Government to consider making this restoration effective from February 7, 2025, so that there is no gap in RoDTEP coverage. As per the earlier notification, the existing RoDTEP benefits for these entities are applicable only up to February 6,2025. A seamless transition would ensure stability and predictability for exporters and avoid any disruption in trade planning or pricing.

The Federation reiterated its continued commitment to working closely with the government to promote and facilitate Indian exports, and appreciated the responsive approach taken by the Ministry of Commerce and Industry.