Explanation – The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme aims to refund embedded taxes and duties that were previously non-recoverable under any other mechanism. These include central, state, and local taxes such as mandi tax, coal cess, VAT, and excise duty on fuel used in manufacturing and distribution of exported goods. The scheme ensures exporters receive refunds to enhance their competitiveness in global markets while complying with WTO norms.

Source: The Hindu