The government is looking to extend the newly announced tax neutralisation scheme- RodTEP to special economic zones and export oriented units.
The department of revenue will soon set up a committee to work out the details, a senior government official said.
SEZs and EoU units have been excluded from the benefits under the Remission of Duties and Taxes on Exported Products scheme, notified last month.
Another panel will also be set up with representatives from both revenue and commerce departments to look into any rate anomalies for various sector under the scheme, the official told ET.
The remission rates for different sectors range between 0.3-4.3% under the scheme that seeks to refund exporters duties and taxes such as tax on fuel used in transportation, Mandi tax and duty on electricity used during manufacturing, that were so far not being refunded.
Source:economictimes.com