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Photo Credit: IANS IANSLive New Delhi, May 12 (IANS) The Aluminium Association of India (AAI) has pushed for speedy implementation of the RoDTEP Scheme (Remission of Duties or Taxes on Export Products) for the Indian Aluminium industry on priority to survive these challenging times. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 12-May-2021

The Federation of Indian Export Organisations (FIEO) President S K Saraf also expressed concerns over the rising prices of domestic inputs and suggested reduction in import tariff to soften the prices.

‘Annual export target of $400 billion achievable if exporters’ concerns are addressed’ May 12, 2021     The Federation of Indian Export Organisations (FIEO) has said a concerted strategy would be required to achieve the goods exports target of $400 billion for 2021-22 set by the Commerce Ministry. Exports should be treated as national priority, providing adequate liquidity and releasing all export benefits for achieving the target, it said. “Liquidity should be addressed by encouraging banks to lend to the export sector and all export benefits should be released immediately includi...

Govt looks to limit RoDTEP spends May 12, 2021 Capping refunds, limiting eligible sectors could ease budget constraints The Centre is examining options such as putting a cap on the refund amount for individual exporters and limiting the number of items eligible for refunds to stay within the limited budget sanctioned for the Remission of Duties and Taxes on Export Products (RoDTEP) scheme implemented from January 1 2021, according to sources. Exporters, however, want the RoDTEP rates, recommended by the GK Pillai committee appointed by the government last year, to be implemented fully for all...

Aluminium cos seek tax rebate of 5% on exports May 12, 2021 × It also requested a separate budget allocation for the aluminium industry to double Aluminium exports over the next 2-3 years The Aluminium Association of India has urged the government to implementation the RoDTEP Scheme (Remission of Duties or Taxes on Export Products) for the Indian Aluminium industry on priority to survive these challenging times. In a letter to senior officials of ministries of Commerce and Industry and Finance and Corporate Affairs, the association has expressed the urgent need for at least 5 per cent remi...