Exported Goods

Unnecessary confusion on continuation of Rodtep scheme for exporters

The Rodtep scheme seeks to refund the duties/taxes/levies, at the Central, State and local level, borne on the exported product, including prior stage cumulative indirect taxes on goods

Govt pushes for extension of key export-boosting Rodtep and IES schemes

Commerce dept officials to meet FinMin soon; more allocation may be needed

Goods & services exports marginally up at $765.6 bn in 2023: Govt

The country's exports of goods and services rose marginally by 0.4 per cent to USD 765.6 billion in 2023 despite global economic uncertainties, according to the commerce ministry data. Sectors which helped keep India's exports afloat include electronics, pharmaceuticals, cotton yarn, fabrics and made-ups; ceramic products, meat, dairy and poultry products, fruits and vegetables and information technology. Goods exports in the last calendar year, however, contracted by 4.71 per cent to USD 431.9 billion while services exports are estimated to have risen by 7.88 per cent to USD 333.8 billion, the data showed. The merchandise imports also dipped by 7 per cent to USD 667.73 billion last year as against USD 720.2 billion in 2022. The latest data for the services sector released by the RBI is for November 2023. The data for December 2023 is an estimation by the ministry. The main export destinations for India are the US, the UAE, the Netherlands, Bangladesh, the UK and Germany. Goods .

PM Modi urges industry to set up long-term export targets, 'double efforts'

Despite disruptions in the global economy, India's goods and services exports stood at $670 billion and exceeded the $400-billion target for merchandise export alone, he said

Finance ministry notifies procedure for goods exported under RoDTEP

The rates for 8,555 products - such as marine, agriculture, leather, gems and jewellery - were announced under the RoDTEP scheme in August this year.

Expert corner: Re-import of exported goods does not attract duty, IGST

An important condition is that the re-imported goods must be identified as the same as exported