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

An Integrated Dry Fruit Sourcing, Processing & Retail Platform opens its IPO on June 29, 2026

ADON AGRO COMMODITIES LIMITED: An Integrated Dry Fruit Sourcing, Processing & Retail Platform opens its IPO on June 29, 2026 Mumbai (Maharashtra) [India], June 25: Adon Agro Commodities Limited, an integrated agro-commodity company engaged in the procurement, processing, and marketing of premium dry fruits and nuts under the ‘Hunger Nuts’ brand, has announced the opening […]

Read More
Business

Dhaaga Presents ‘Paloma’ – An Ode to Pure Linen, Ease, Elegance and Everyday Luxury

Mumbai (Maharashtra) [India], June 25: Homegrown conscious luxury label Dhaaga invites you to step into a slower, more intentional way of dressing with the launch of Paloma, its newest collection crafted in 100% pure linen. Rooted in the philosophy of quiet luxury and mindful living, Paloma celebrates effortless elegance through timeless silhouettes designed to move […]

Read More
Business

TradeFlock Releases the List of the Best Tech Leaders in India 2026

Noida (Uttar Pradesh) [India], June 25: In an era where technology is redefining every aspect of business, sustainable growth depends not only on innovation but also on visionary leadership. Organisations today require forward-thinking strategies, digital agility, and the ability to adapt to rapidly evolving market dynamics. At the core of this transformation are visionary technology […]

Read More