India Reduces RoDTEP Rates by 50% Amid Export Growth and Budget Constraints

The Indian government has halved the Remission of Duties and Taxes on Export Products (RoDTEP) rates and value caps across all HS lines, excluding agriculture and allied products, to control rising payouts amid stagnant export growth and tighter budget allocations. Exporters, including the manmade and technical textiles sector, have expressed concern over the abrupt cut, citing negative impacts on competitiveness and increased uncertainty during challenging global market conditions. The government is reviewing RoDTEP rates while urging improved compliance with annual returns.