The Daily PulseBusiness
Export tax refund programs extended till end of year
Reported by Varun Krishnan (Senior Writer) · The Hindu - Business ·
Reported by one source so far
Representative image · Wikimedia CommonsThe Union Ministry of Commerce and Industry and the Ministry of Textiles have extended two major export support programs until December 31, 2026.
Scheme Details
The Remission of Duties and Taxes on Exported Products Scheme and the Rebate of State and Central Taxes and Levies Scheme will continue without any changes to their current rates and structure.
Reactions
The Apparel Export Promotion Council welcomed the extension of the rebate scheme, noting that it will help micro, small, and medium enterprise exporters.
Context
Export support schemes of this kind are typically put in place by governments to help domestic businesses compete more effectively in global markets by reducing the tax burden on shipped goods.
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