• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • Odisha Special
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • Odisha Special
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Centre Notifies Customs Tariff Cuts Under Rodtep Scheme To Help Export Sector

OMMCOM NEWS by OMMCOM NEWS
April 30, 2026
in Business

New Delhi: The Department of Commerce on Thursday notified the revised schedules under the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme as part of the strategy to help the country’s export sector amid global disruptions due to the Middle East conflict.

The revisions pertain to DTA exports and for exports by Advance Authorisation (AA), Export Oriented Units (EOUs), and Special Economic Zone (SEZ) units, in line with amendments made in the First Schedule to the Customs Tariff Act, 1975, through the Finance Act, 2026.

The notification provides for the technical alignment of RoDTEP tariff lines with the revised Customs tariff structure. The revision covers 194 tariff lines, including the addition of 142 new 8-digit tariff lines, deletion of 50 tariff lines, and modification in the descriptions of two tariff lines in the RoDTEP schedules.

The revised schedules will enable seamless implementation of RoDTEP benefits in the Customs Automated System with effect from May 1. The alignment is expected to reduce classification-related ambiguity, ensure consistency between Customs tariff entries and RoDTEP schedules and facilitate smoother processing of eligible export claims, according to an official statement issued by the Department of Commerce.

The measure is RoDTEP-specific and is aimed at improving ease of doing business for exporters by ensuring timely convergence of related compliance frameworks, minimising system-level discrepancies and maintaining continuity in the remission of eligible duties, taxes and levies on exported products, the statement explained.

The Centre has rolled out a series of relief measures aimed at shielding Indian industry and consumers from the adverse economic impact of the West Asia war, which has disrupted supply chains and hit exports.

The Finance Ministry has outlined steps spanning customs duty cuts for key raw materials, export incentives, fuel price controls, and financial support mechanisms, with a focus on ensuring stability across key sectors.

The government has allowed Special Economic Zone (SEZ) units to sell goods in the domestic market at concessional customs duty rates. Earlier, such sales attracted full import-equivalent duties, which have now been reduced to approximately 5 to 12.5 per cent to support manufacturing units.

Customs duties on critical petrochemical products have also been reduced in a targeted move to offset supply disruptions due to the West Asia conflict. The relief is expected to benefit sectors including plastics, packaging, textiles, pharmaceuticals, chemicals, and auto components.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Today’s Chanakya Exit Poll Jolts UDF With Tight Kerala Race Projection Amid Majority Forecasts

Next Post

Global Order In Flux, West Asia Central To Emerging Power Shift: Former MoS M J Akbar

Related Posts

Business

SEBI Proposes Changes In IPO, Re-Listing Price Discovery Mechanism

May 21, 2026
Maruti Suzuki
Business

Maruti Suzuki India To Hike Vehicle Prices By Up To Rs 30,000 From June

May 21, 2026
Employment
Business

Employment In India’s Unincorporated Sector Surges Past 15 Crore: Govt

May 21, 2026
SEBI
Business

SEBI-Backed NISM, IICA Join Hands For Training Push In Governance, ESG, Capital Markets

May 21, 2026
Indian benchmark equity
Business

Sensex, Nifty End Flat Amid West Asia Tensions; Rupee Holds Stronger

May 21, 2026
RBI
Business

RBI Likely To Transfer Record Up To Rs 3.5 Lakh Crore Dividend To Govt: Report

May 21, 2026
Next Post

Global Order In Flux, West Asia Central To Emerging Power Shift: Former MoS M J Akbar

IPL 2026: Arshad Khan Stars As RCB Bowled Out For 155 Runs Against Gujarat Titans

NCB Secures 15-Year Jail For Three Charas Smugglers In Ahmedabad Court

Khimji
SAI
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • Odisha Special

© 2025 - Ommcom News. All Rights Reserved.