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Among the world's top 10 economies, India's slide down the rankings was the sharpest, followed by the UK, which fell 3 places since 2019 to occupy the seventh spot. The US retained its top position, while China, the world's second-largest economy, moved a notch higher to 8 in the global rankings.
RoDTEP seeks to neutralise the cost impact of duties and taxes in the supply chain, not otherwise offset through duty drawbacks, tax credits/refunds, or similar mechanisms. By Krishna Barad, Abhishek SinghaniaRemissions of Duties and Taxes on Exported Products Scheme (RoDTEP) has been a much-awaited scheme notified by the Government of India after phasing out the
Services exporters seek up to 10% incentive under new scheme : Rashtra News #Services #exporters #seek #incentive #scheme Exporters of service have suggested a 10% incentive rate for Covid-19 hit sectors such as hospitality, aviation and tourism, under a new scheme to replace the Services Export from India Scheme (SEIS). The Services Export Promotion Council
"Post rolling out of ICEGATE (Indian Customs Electronic Data Interchange Gateway) in SEZs, the RoDTEP scheme may also be extended to SEZs," according to an office memorandum of the commerce ministry.
Budget 2024: Tourism and healthcare industries happy; Hospitality, AI sectors express mixed feelings with the interim Union Budget 2024