Print Friendly, PDF & Email

Discuss briefly about Merchandise Exports from India scheme and Remission of Duties or Taxes on Export Products scheme (RoDTEP). How far do you think the RoDTEP scheme would benefit the exporters?

Topic: GS2– Government Policies and Interventions for Development in various sectors and Issues arising out of their Design and Implementation.

GS-3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.

5. Discuss briefly about Merchandise Exports from India scheme and Remission of Duties or Taxes on Export Products scheme (RoDTEP). How far do you think the RoDTEP scheme would benefit the exporters? (250 words)

Reference: pib.gov.in

Why the question:

Union Minister of Commerce and Industry met the Office-bearers of various Export Promotion Councils (EPCs), to discuss the issues concerning the country’s global trade, ground level situation, and problems being faced by the exporters. Thus the question.

Key Demand of the question:

Discuss briefly about Merchandise Exports from India scheme and Remission of Duties or Taxes on Export Products scheme (RoDTEP). Also highlight the benefits of such a scheme to exporters.

Directive:

Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.

Structure of the answer:

Introduction:

Start by explaining what you understand by about Merchandise Exports.

Body:

Discuss the Merchandise Exports from India Scheme (MEIS) and its key features –

  • MEIS was launched with an objective to enhance the export of notified goods manufactured in a country.
  • This scheme came into effect on 1 April 2015 through the Foreign Trade Policy and will be in existence till 2020.
  • MEIS intends to incentivize exports of goods manufactured in India or produced in India.
  • The incentives are for goods widely exported from India, industries producing or manufacturing such goods with a view to making Indian exports competitive.
  • The MEIS covers almost 5000 goods notified for the purpose of the scheme.

Explain in what way it would benefit exports.

Conclusion:

Conclude with way ahead.