Global Trade Alert
Global Trade Alert

India: Scheme for remission of duties and taxes amended

Announcement

08 Mar 2024

On 8 March 2024, the Indian government extended a duty remission scheme to additional entities and increased the remission rates on certain products.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Apr 2024

Revocation date:

05 Feb 2025

Updated: 08 Mar 2024
Tax-based export incentive

On 8 March 2024, the Indian Directorate General of Foreign Trade through Notification No. 70/2023 extended duty benefits under the Scheme for Remission of Duties and Taxes on Exported Products (RoD...

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Implementation date

08 Mar 2024

Revocation date:

31 Mar 2026

Updated: 08 Mar 2024
Tax-based export incentive In force

Recent update from 23 Feb 2026:

On 23 February 2026, the incentive rates on goods under chapters 28, 29, 33, 35, 38, 39, 53, 68, and 90 were reduced to 50% of the earlier rate (see related state act).

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