The Union Budget 2021–22 has allocated Rs 13,000 crore for the RoDTEP. Throwing light on the red-tapism involved in getting refunds under various schemes, Singh added, “In other countries, there is a mechanism for integrated tax neutralisation - a single window. But in India, for example, there is a duty drawback scheme that provides the refund/ recoupment of custom and excise duties paid on inputs or raw materials etc, then there is GST, to get a refund for both you have to do documentation separately. On top of it, to get refunds of state-level taxes, you will have to do the documentation all over again, which is a huge burden. So just like other countries, we need to have a single window for this,” says Singh.Īccording to Singh, cutting down logistics costs are mandatory to make products competitive.
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