AAI demands early implementation of RoDTEP Scheme

The Aluminium Association of India (AAI) has pushed for speedy implementation of the RoDTEP (Remission of Duties or Taxes on Export Products) Scheme.

In a letter to senior officials of ministries of Commerce & Industry and Finance & Corporate Affairs, AAI expressed the urgent need for at least 5 per cent remission rate for the aluminum sector under RoDTEP Scheme to ensure its global competitiveness.

The AAI also requested a separate budget allocation for the aluminium industry to realise the immense potential to double aluminium exports over the next two to three years.

Highlighting the urgency of the matter, the AAI said the Government needs to notify the actual remission rates as per actual sectoral data submitted to the RoDTEP Committee. The inordinate delay in notifying the sector-wise remission rates is creating a precarious situation and a high level of uncertainty for exporters, it said.