The union government does not intend to relook at its Remission of Duties and Taxes on Exported Products (RoDTEP) scheme after the United States (US) and the European Union (EU) last year imposed countervailing duties on four Indian products citing breach of World Trade Organization (WTO) norms, a government official said.
The US and EU had imposed countervailing duties (CVDs) on paper file folders, common alloy aluminum sheet and forged steel fluid after an anti-subsidy investigation. CVDs are tariffs on imported goods that are imposed to offset subsidies given by the exporting country’s government, aimed at protecting the domestic industry.
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