RoDTEP benefits to be extended to e-commerce exports: Piyush Goyal

The government on Thursday announced that the benefits of its flagship tax remission scheme for exporters — Remission of Duties and Taxes on Exported Products (RoDTEP) — will be made available to e-commerce exports.

“The notification for it would be issued in a week’s time and it will benefit $1-2 billion of exports through courier or e-commerce route,” minister of commerce and industry Piyush Goyal said.

E-commerce is the emerging route for exports and worldwide it is expected to touch $2 trillion by 2030. China has been the biggest beneficiary of this trend and its exports through e-commerce are expected to be $300-350 billion.