Government looks at more secure new duty refund plan for exporters

Hit by two anti-subsidy actions in the US and the European Union, government is looking to revamp the system for Remission of Duties and Taxes on Exported Products (RoDTEP), attempting to build a verification system for the refunds. The two cases are seen to be due to the fault of the exporter, who told authorities that the scheme was an "incentive", something that the government has dismissed. In addition, government's assessment was that the benefit was cornered by a handful of service providers, such as large consulting firms, which outsource work to India https://ift.tt/F0ocj5R