RoDTEP Rates Reduction – A Huge Shock for Exporters – Shri Shaleen Toshniwal, Chairman, MATEXIL

Shaleen Toshniwal, Chairman – MATEXIL

Mumbai (Maharashtra) [India], March 02: “The abrupt and unexpected reduction in the RoDTEP rates and the notified value caps for all HS lines by 50% has come as a big surprise and a huge shock for the exporters,” said Shaleen Toshniwal, Chairman of MATEXIL (Manmade and Technical Textiles Export Promotion Council).

The DGFT (Directorate General of Foreign Trade) has reduced RoDTEP rates and the notified value caps for all HS lines by 50% vide Notification No. 60/2025-26 dated February 23, 2026.

“The implementation of this notification with immediate effect will have an adverse impact on exports of manmade fibre textiles and technical textiles, as it will significantly affect their competitiveness,” said  Shri Toshniwal .

The RoDTEP (Remission of Duties and Taxes on Exported Products) scheme was introduced with the objective of neutralizing embedded central, state, and local taxes and levies—including prior-stage cumulative indirect taxes on goods and services used in the production and distribution of exported products—that are not otherwise refunded or credited and remain embedded in export goods.

“At a crucial juncture, when exporters are passing through unprecedented challenges, turbulence &  uncertainty in global markets and are finding it difficult to sustain operations, this reduction has further aggravated their problems,” the MATEXIL Chairman added.

Shri Toshniwal further pointed out that the RoDTEP Committee constituted by the Government is presently reviewing the existing RoDTEP rates and  while this review exercise is underway, the unexpected reduction has caused serious concern and uncertainty among exporters of manmade fibre textiles and technical textiles.

He urged the Government to reinstate the original RoDTEP rates and value caps and continue with the same until the revised rates are formally notified.

If you object to the content of this press release, please notify us at [email protected]. We will respond and rectify the situation within 24 hours.

Business

MotionGravity Develops Human Authenticity Registry to Bring Paid, Consent-Based AI Participation to Everyday People

HAR is being designed to help real people voluntarily participate in AI projects, verify consent through selective disclosure, and earn from eligible contributions while supporting authentic human-origin data for AI development. Mumbai (Maharashtra) [India], September 19: MotionGravity is developing the Human Authenticity Registry (HAR), a human-verification and contributor framework intended to give ordinary people a […]

Read More
Business

The Southern Bypass Comes of Age: Srijan Realty Launches Orizon to Anchor South Kolkata’s Urban Renaissance

Kolkata (West Bengal) [India], September 19: The Southern Bypass has systematically evolved from a peripheral transit route into one of South Kolkata’s most closely watched residential and lifestyle corridors. This transformation represents a fundamental shift in Kolkata’s urban geography, where infrastructure investment, demographic shifts, and patient real estate vision have converged to create a self-sustaining […]

Read More
Business

King Koil Names Janhvi Kapoor as New Brand Ambassador, Launches New Global Identity

New Delhi [India], September 19: King Koil has announced Janhvi Kapoor as its new brand ambassador, bringing a new face to the brand as it strengthens its presence in India’s premium sleep market. The association comes at a time when sleep is becoming a bigger part of the premium lifestyle conversation, moving beyond simply getting […]

Read More