Nagpur, 31 May (HS): The

Maharashtra government, led by Deputy Chief Minister Devendra Fadnavis, has

announced tax relief for Special Economic Zones (SEZs) and Export-Oriented

Units (EOUs). The decision has been taken to boost exports from MIHAN

(Multi-modal International Cargo Hub and Airport at Nagpur) and attract more

entrepreneurs,

As per the new

policy, SEZs and EOUs will now be covered under the RODTEP (Remission of Duties

and Taxes on Export Products) scheme. This scheme offers subsidies between 1%

and 4%, depending on the product category. The new decision will in force from

June 1.

Until now,

Special Economic Zones (SEZs) and Export-Oriented Units (EOUs) were not

included under the RODTEP (Remission of Duties and Taxes on Export Products)

scheme. But with the latest decision, products exported from these units will

now be eligible for tax and duty refunds.

The move is

part of the central government’s ongoing efforts to make Indian exports more

competitive in the global market. The RODTEP scheme, which started on January

1, 2021, follows WTO rules and offers a fully digital and transparent platform

to support exporters. SEZs and EOUs being included now marks a positive step

toward fair and efficient trade support.

The decision to

extend RODTEP benefits to SEZs and EOUs comes after strong recommendations from

key industry groups like the Export Promotion Council, MIHAN Industries

Association, ASSOCHAM,(Associated Chambers of Commerce and Industry of India)

and FIEO (Federation of Indian Export Organizations). These bodies had been

actively pushing for this inclusion.

---------------

Hindusthan Samachar / Ajay Vasant Mardikar