DGFT surprises exporters with annual Rodtep returns
Business Standard|November 04, 2024
The Director General of Foreign Trade (DGFT) has prescribed an annual return to be furnished by exporters who have claimed duty credits of more than ₹1 crore in a financial year under the remission of duties and taxes on export products (Rodtep) scheme.
T N C RAJAGOPALAN

The exporters are surprised by the kind of details and declaration called for in the annual Rodtep return (ARR) required to be furnished before March 31 of the next year.

The Rodtep scheme, introduced in 2021, intends to rebate duties/taxes/levies, at the Central, State and local level, borne on the exported product, including prior stage cumulative indirect taxes on goods and services used in the production of the exported product and in respect of distribution of exported product, that are not refunded through any other scheme.

Under the scheme, exporters get duty credits at a notified percentage rate of FOB value of exports that can be utilised for payment of basic customs duties on imported goods.

この記事は Business Standard の November 04, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Business Standard の November 04, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

BUSINESS STANDARDのその他の記事すべて表示
Trump Vs Harris: How Each Can Win Race To White House
Business Standard

Trump Vs Harris: How Each Can Win Race To White House

The presidential contest is deadlocked as the nation votes today; opinion polls are exceptionally close across the country

time-read
5 分  |
November 05, 2024
Supreme Industries stock slips on weak Q2 showing
Business Standard

Supreme Industries stock slips on weak Q2 showing

Brokerages cut earnings estimates after firm disappointed the Street

time-read
2 分  |
November 05, 2024
Business Standard

Dabur stock fall may provide entry to long-term investors

Dabur's performance in the July-September quarter of the current financial year (Q2FY25) was weak but in line with consensus. Consolidated revenue declined 5 per cent year-on-year (Y-o-Y) due to a temporary adjustment in General Trade (GT) inventory.

time-read
2 分  |
November 05, 2024
Business Standard

Capital markets' boom drives NSE Q2 PAT up 57% at ₹3.14K crore

The National Stock Exchange (NSE) reported a 57 per cent year-on-year (Y-o-Y) jump in consolidated net profit to ₹3,137 crore during the quarter ended September 2024 (Q2 FY25) amid a boom in the capital markets.

time-read
1 min  |
November 05, 2024
Business Standard

Sebi directs Embassy Reit to suspend CEO Aravind Maiya

The Securities and Exchange Board of India (Sebi) on Monday directed Embassy Office Parks Management Services, manager to the Embassy Real Estate Investment Trust (Reit), to suspend its chief executive officer Aravind Maiya for lapses in the \"fit and proper\" criteria.

time-read
1 min  |
November 05, 2024
Business Standard

Quant MF expects market correction to pave the way for risk-on phase

The recent downturn in the equity market may see a reversal once the US elections are over, according to Quant Mutual Fund, which emphasizes that the last month's correction should be seen as an opportunity to build more resilient and rewarding portfolios.

time-read
1 min  |
November 05, 2024
Mid, smallcap bounceback may be a distant dream
Business Standard

Mid, smallcap bounceback may be a distant dream

Analysts believe markets lack positive triggers for an immediate turnaround amid looming US polls

time-read
2 分  |
November 05, 2024
Business Standard

Sebi allows MFs to invest in overseas schemes with India exposure

The Securities and Exchange Board of India (Sebi) has allowed mutual funds (MFs) to invest in overseas funds and unit trusts (UTs) that have up to 25 per cent exposure to Indian equities.

time-read
1 min  |
November 05, 2024
Business Standard

Worst not over yet? Mkt selloff may continue amid headwinds

Technical charts suggest Sensex can slide to 72,000 levels in the worst-case scenario

time-read
3 分  |
November 05, 2024
Business Standard

New York Times beats estimates as digital subscriber count grows

New York Times Co reported third-quarter earnings that beat analysts' expectations, as the company saw an increase in its subscriber count in the months leading up to the 2024 Presidential Election.

time-read
1 min  |
November 05, 2024