The RoDTEP scheme, which had replaced the Merchandise Exports from India Scheme (MEIS) on January 1, 2021, was created for reimbursement of taxes, duties, and levies at the central, state, and local levels, which were earlier not refunded but incurred in the process of manufacture and distribution of exported products.
While the balance sheets of companies in the organised sector would be affected very slightly, lakhs of small enterprises, in the informal sector, will once again be in deep distress and many even go extinct.
Federation of Indian Export Organisations (FIEO) President S K Saraf said that the exports growth is encouraging and order books of exporters are healthy.