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This Article is From Aug 20, 2021

Cotton-Based Textile Products - The Clear Winner In New Rates Of Rebate Under RoDTEP: CARE Ratings

Cotton-Based Textile Products - The Clear Winner In New Rates Of Rebate Under RoDTEP: CARE Ratings
A silk spindle hangs at a textile workshop. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Research Report

The rates of rebate under the Remission of Duties and Taxes on Exported Products scheme are significantly lower compared with the earlier Merchandise Exports from India Scheme for majority of the products, sectors.

Further, many industries, viz., pharmaceutical, chemical, and steel, where India enjoys global competitiveness or there is a short supply in the domestic market have been excluded from the scheme.

Amongst the various sectors, cotton-based textile products have received favourable rates under RoDTEP in the range of 3.8%-4.3% as compared to around 2% rate under MEIS although there is a cap on the maximum benefit available under RoDTEP.

Click on the attachment to read the full report:

CARE Ratings - RoDTEP Check.pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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