India Publishes New Guidelines and Rates for Exported Goods Duty and Tax Remissions
India's Directorate General of Foreign Trade added a chapter to its Foreign Trade Policy concerning the guidelines and rates for its new Scheme for Remission of Duties and Taxes and Exported Products, in an Aug. 17 notice. The scheme is…
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meant to refund duties, taxes or levies at the central, state and local level levied on exported goods, including cumulative indirect taxes on production and indirect duties, taxes or levies accrued from the distribution of the exported product. The notice also included a list of ineligible goods under the RoDTEP Scheme, among them exports through transshipment, exports subject to minimum export prices or duties, and deemed exports.