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Handset makers, government differ over export sops under RodTEP
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Synopsis
The Merchandise Exports Incentive Scheme (MEIS), which offered 2-4% of free-on-board export value as duty credit scrips to handset and component exporters, expired on December 31, and the government is mulling a rate of 0.2-0.7% on mobile phones under RoDTEP, which is replacing MEIS.
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NEW DELHI: Mobile phone companies have opposed a move by the government to reduce the rate of new export sops on handsets under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. But the government says the handset makers have no reason to complain, as they are being more than compensated because of the production-linked incentive (PLI) scheme.