The existing Merchandise Exports from India (MEIS) Scheme met with an unfavorable fate at the WTO wherein the USA filed a complaint against this scheme stating that the scheme gave an undue benefit to Indian exporters which was against the WTO rules. Though an appeal against the same is pending, India has now proposed to introduce a WTO Compliant scheme- Remission of Duties or Taxes on Export Products Scheme (RoDTEP).
RoDTEP scheme aims to reimburse the taxes and duties incurred by exporters which are not specifically exempted or refunded under any other scheme. The scheme intends to make Indian products cost-competitive in the international market.
The Cochin Chamber is organising a Virtual Meeting on “Remission of Duties and Taxes on Export Product" (RoDTEP) on Friday, 16th October 2020 from 4 pm – 6 pm on the Zoom Platform.
Sri. Mohd. Yusuf I.R.S, Customs Commissioner, Cochin has agreed to Inaugurate the Session and deliver a brief address. Mr. G. Shivadass, Senior Advocate, Karnataka High Court will be the Speaker at the Session. Mr. Ashwin Shah, Chairman, Jayanti Group, Bangalore will speak about the pain points that businesses and trade face.
Registration is mandatory for participation in the Session.
This is a free session for the Members of the Chamber, however a registration fee of Rs.500/- is applicable for Non-Members.
The meeting link will be sent to the registered participants separately in due course.