The Ministry of Commerce & Industry issued a notification on the implementation of the RoDTEP (Remission of Duties and Taxes on Exported Products) Committee report. This notification attempts to incorporate changes in relation to anomalies and errors in the earlier notified rates/ caps of 432 HS Codes. The notification was issued 9th January, 2023.
It may be recalled that the Director General of Foreign Trade by a notification dated 17th August 2021 had issued rates/ caps for exports. The present notification implements the changes recommended by the the RoDTEP Committee in relation to apparent errors and anomalies in the earlier notified rates/caps.
These changes will be applicable for exports made from 16th January, 2023, to 30th September, 2023.