Govt extends incentives to exports via courier medium to boost e-commerce
The government has extended incentives for exports through the courier medium, a move aimed at promoting shipments through e-commerce.
This was informed in the meeting of Board of Trade (BoT) in Mumbai.
"In the realm of e-commerce exports, the Board of Trade was informed by officials from the Central Board of Indirect Taxes and Customs (CBIC) that effective immediately, RoDTEP, RoSCTL, and drawback benefits will be extended to all exports made via courier," the commerce ministry said in a statement.
It added that plans to extend these benefits to postal route exports are also in the pipeline, creating a more equitable environment for e-commerce exporters utilising the courier and postal mode.
RoDTEP (Remission of Duties and Taxes on Exported Products) provides refunds of central, state, and local taxes and levies on exported products that are not covered by other schemes.
The scheme covers a range of sectors, including marine, leather, gems and jewellery, agriculture, electrical,