Budget 2022: Exporters await with scepticism and cautious optimism

In 2021, the economy rebounded strongly from the lows of 2020 thanks in no small measure due to export growth

In August 2020, the Refund of Duties and Taxes on Export Products (RoDTEP) scheme was touted as a Rs 50,000 crores package. The allocation for the scheme in last year Budget was only Rs 12,500 crores. The scheme was introduced from the beginning of last calendar year but the RoDTEP rates were announced only in September 2021. The items falling under Chapters 28, 29, 72 and 73 and exports made under advance authorisation scheme and by export oriented units and units in the Special Economic Zones (SEZ) are not covered under the scheme. Since last few days, the Customs have