GVCs play a vital role for those corporations that have a presence in multiple countries. The significance of the Global Value Chain is rising; especially in the post covid19 era. On the one hand, tight integration of the supply chain management strengthens the company's operations, on the other hand, companies mainly focus on reducing operational costs in order to compete in international markets. GVCs allow multinational corporations to reduce these operational costs significantly. Global Value Chains are mainly backed by technologies, which lead to minimizing errors and maximum output. It is a humongous task to coordinate between manufacturing units, shipping companies, and logistic operators. But the rise of sophisticated GVCs may substantially reduce these efforts.
I hope, by now, everybody is aware of what is the RoDTEP Scheme. Assuming that let me highlight some practical questions regarding this scheme. On 28th October 2020 under the chair of Mr. G. K. Pillai, the RoDTEP Committee was formed. The main objective of this committee is to determine the ceiling rates of items covered under the scheme. However, the data of chapter 86, 88, and 89 are still pending from the industry's side. It is predicted that the Remission of Duties and Taxes on Exported Products briefly known as the RoDTEP Scheme is likely to be launched under the new Foreign Trade Policy. The scheme seeks to refund currently un-refunded duties/taxes/levies at the local, state, and central level have borne on the exported products. In view of the above, I have jotted down some key questions which need to be answered, 1. How to segregate the VAT and Excise Duty leviable on petrol & diesel on export and domestic selling products? 2. How to segregate the electricity dut...
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