RoDTEP Rates Reduction – A Huge Shock for Exporters – Shri Shaleen Toshniwal, Chairman, MATEXIL

Shaleen Toshniwal, Chairman – MATEXIL

Mumbai (Maharashtra) [India], March 02: “The abrupt and unexpected reduction in the RoDTEP rates and the notified value caps for all HS lines by 50% has come as a big surprise and a huge shock for the exporters,” said Shaleen Toshniwal, Chairman of MATEXIL (Manmade and Technical Textiles Export Promotion Council).

The DGFT (Directorate General of Foreign Trade) has reduced RoDTEP rates and the notified value caps for all HS lines by 50% vide Notification No. 60/2025-26 dated February 23, 2026.

“The implementation of this notification with immediate effect will have an adverse impact on exports of manmade fibre textiles and technical textiles, as it will significantly affect their competitiveness,” said  Shri Toshniwal .

The RoDTEP (Remission of Duties and Taxes on Exported Products) scheme was introduced with the objective of neutralizing embedded central, state, and local taxes and levies—including prior-stage cumulative indirect taxes on goods and services used in the production and distribution of exported products—that are not otherwise refunded or credited and remain embedded in export goods.

“At a crucial juncture, when exporters are passing through unprecedented challenges, turbulence &  uncertainty in global markets and are finding it difficult to sustain operations, this reduction has further aggravated their problems,” the MATEXIL Chairman added.

Shri Toshniwal further pointed out that the RoDTEP Committee constituted by the Government is presently reviewing the existing RoDTEP rates and  while this review exercise is underway, the unexpected reduction has caused serious concern and uncertainty among exporters of manmade fibre textiles and technical textiles.

He urged the Government to reinstate the original RoDTEP rates and value caps and continue with the same until the revised rates are formally notified.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

Trump calls Nvidia's Huang 'honorable,' says he has not discussed allegations with him

CHICAGO, Nov 8 (Reuters) - US President Donald Trump on Sunday called Nvidia CEO Jensen…

50 seconds ago

South Korea fines Coupang $220 million for abusing dominance in food delivery market

By Kyu-seok Shim SEOUL, Nov 9 (Reuters) - South Korea's antitrust regulator said on Monday…

2 minutes ago

BRIEF-Global Yatirim Q3 Net Profit Shrinks To 784.4 Mln Lira YoY

Nov 9 (Reuters) - GLOBAL YATIRIM HOLDİNG: * SAID ON SUNDAY, Q3 NET PROFIT OF…

6 minutes ago

BRIEF-Sohu.Com Reports Third Quarter 2026 Unaudited Financial Results

Nov 9 (Reuters) - Sohu.com Ltd: * SOHU.COM REPORTS THIRD QUARTER 2026 UNAUDITED FINANCIAL RESULTS…

10 minutes ago

Tackling gestational depression key to baby brain growth, study shows

Washington (dpa) - Any signs of mental health struggles during pregnancy should be quickly addressed for…

11 minutes ago

Oil steadies after Trump signals restraint on Iran, Hormuz risks persist

By Sethuraman N R and Helen Clark NEW DELHI/PERTH, Nov 9 (Reuters) - Oil prices…

12 minutes ago