New Delhi: Mobile phone companies have opposed a move by the government to reduce the rate of new export sops on handsets under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. But the government says the handset makers have no reason to complain, as they are being more than compensated because of the production-linked incentive (PLI) scheme.The Merchandise Exports Incentive Scheme (MEIS), which offered 2-4% of free-on-board export value as duty credit scrips to handset and component exporters, expired on December 31, and the government is mulling a rate of 0.2-0.7% on mobile phones under RoDTEP, which is replacing MEIS.Mobile phone companies are also piqued over non-payment of export incentives by the government for the fiscal year ended in March 2020 and the capping of sops at Rs 2 crore per company for the September-December 2020 period.“We are in an irksome situation … Firstly, the MEIS portal is blocked since September when the government capped the incentives to Rs 2 crore per exporter without any notice, which is unfair,” said Pankaj Mohindroo, chairman of the India Cellular & Electronics Association that represents several smartphone companies.“Secondly, the government has not yet disbursed the reward for FY19-20. The exports… Read full this story
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