Aluminium Industry reiterates urgency for 5% RoDTEP rate for economic sustainability equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Read more about Urgent need for at least 5% remission rate for aluminium sector: AAI on Business Standard. The Aluminium Association of India (AAI) on Wednesday expressed urgent need for at least 5 per cent remission rate for the sector under the tax refund scheme RoDTEP to ensure global competitiveness.
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 remission rate for the Aluminium sector under RoDTEP Scheme.
RoDTEP scheme: Aluminium industry seeks 5% export rebate
March 04, 2021
A worker winds aluminium and iron wires used to making electrical power lines at a factory on the outskirts of Jammu (File photo) - REUTERS
A worker winds aluminium and iron wires used to making electrical power lines at a factory on the outskirts of Jammu (File photo) - REUTERS×
Taxes alone account for 15 per cent of production cost, says association
The aluminium industry has urged the government to fix RoDTEP (Remission of Duties and Taxes on Exported Products) at 5 per cent and clear the uncertainty by notifying the rates soon to double exports to $10 billion.