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 Q2 FY27 Re-Bar production Reheating Furnace simhadri tmt steel exchange india steel industry

Steel Exchange India Limited Achieves Highest-Ever Re-Bar Production in September 2026 and for the Quarter Ended September 30, 2026

Visakhapatnam (Andhra Pradesh) [India], October 10: Steel Exchange India Limited (NSE: STEELXIND | BSE: 534748) has achieved its highest-ever monthly and quarterly production of Re-Bars in its Rolling Mill since inception, with production of 25,095.035 Metric Tonnes (MT) during the month of September 2026 and 69,617.424 MT during the quarter ended September 30, 2026. The […]

Read More
Business drone photography property media property photography Noida real estate videography Delhi NCR View On Click

Struggling to Showcase Your Property Professionally? View On Click Offers Photography, Videography and Drone Services Under One Roof in Noida and Delhi NCR

Noida (Uttar Pradesh) [India], October 9: Presenting a property to potential buyers, tenants or business clients is not always as simple as taking a few photographs and sharing them on WhatsApp. Property owners and real-estate professionals often spend considerable time arranging photographers, coordinating videographers, finding drone operators and following up for the final images and […]

Read More
Business MSEDCL Swastika Infra Limited

Swastika Infra Limited Secures Rs 615.76 Cr Order from MSEDCL

ADB-funded project in Bhandup Zone of Mumbai is ~1.2x FY26 revenue, marks entry into Maharashtra and lifts unexecuted order book to ~ ₹1,400 crores Jaipur (Rajasthan) [India], October 10: Swastika Infra Limited (BSE: 544949 | NSE: SWASTIKAIN) (“Swastika Infra” or the “Company”), one of the leading EPC player in the Power Transmission & Distribution (T&D) […]

Read More