The announcement regarding the RoDTEP rates last week was a welcome breather to India Inc., atleast to majority.
While it was well expected that the rates would not be as high as the MEIS scheme that has seen the sunset clause with effect from 31.12.2020, the RoDTEP ecosystem has kept certain exports out of its purview which seems slightly unfair since they are consistent exporters who are earning the Valuable Forex to India.
Attached is a short note on the same, the saga from MEIS to RoDTEP over the short period of time.
Source Novello Advisors LLP
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