Niti to review export sops amid global trade shifts
Headline by Prism · from 1 report
Niti Aayog will evaluate the RoSCTL and RoDTEP export support schemes to assess their effectiveness amid changing global trade conditions.
The Economic TimesThe brief
Written by software from the 1 report below.
- The government think-tank Niti Aayog is set to evaluate the Rebate of State and Central Taxes and Levies and Remission of Duties and Taxes on Exported Products schemes.
- These programs were introduced in 2019 and 2021 to support Indian exporters by refunding embedded taxes.
- The review will examine the economic impacts and global competitiveness of these initiatives against international standards.
- Authorities aim to determine if the schemes require modifications or should be replaced to better address current global trade challenges.
What to watch next
- Potential modifications or replacement of RoSCTL and RoDTEP schemes
- Benchmark results against international export support mechanisms
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Who said what
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Senior government official
senior government official
1 quote · 1 outlet
“Based on the evaluation, a decision would be taken to tweak the schemes or replace them with a new one”
In the article
…idea is to benchmark the two schemes against international mechanisms adopted by other countries for neutralising embedded taxes and levies, ensuring zero-rating of exports and strengthening export competitiveness. " Based on the evaluation, a decision would be taken to tweak the schemes or replace them with a new one ," the official said. The analysis would also include economic and sectoral impacts of the schemes on investment, employment generation, production cost, productivity, input-use efficiency, value addition, export…
Coverage
1 outlet
All filed from India
NamedIndia · NITI Aayog · World Trade Organization
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