Page 136 - CW E-Magazine (10-10-2023)

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AIDING EXPORTS

Government extends RoDTEP scheme till June 2024

The Union Government said that it Scheme for different export sectors. at the central, state and local level, but
has extended support under the scheme The committee held its fi rst interaction which are incurred by the export enti-
for Remission of Duties and Taxes on with the Export Promotion Councils ties in the process of manufacture and
Exported Products (RoDTEP) till 30 (EPCs)/Chamber of Commerce and distribution of exported products.
June 2024. discussed the methodology and other
issues relating to the scheme and its Under the scheme, a support of
“The RoDTEP support which was implementation, the statement informed. Rs. 27,018-crore has been extended
notifi ed till 30th September 2023 is for the 27-month period till 31 March
now being extended till 30 June 2024 The EPCs emphasised the need for 2023. The RoDTEP scheme operates
at the same rates to the existing export enhancing the RoDTEP budget allo- under a budgetary framework and for
items,” the Commerce Ministry said cation and for higher rates to be made FY 23-24, a budget of Rs. 15,070-crore
in an offi cial statement. This will help available to all export items to help is available to support 10610 HS lines at
our exporting community to negotiate them secure greater market access the 8-digit level, the government said.
export contracts in the present inter- abroad, it added. This programme serves as a substi-
national environment on better terms, tute for the discontinued Merchandise
with the government emphasising that The RoDTEP Scheme was intro- Exports from India Scheme (MEIS)
the scheme is WTO-compatible, the duced by the government as a duty that concluded last year. Currently, more
statement added. remission scheme on exports and is than 10,342 export items are eligible for
being implemented from 1 January 2021. the RoDTEP benefi ts. Exporters receive
The RoDTEP Committee has again The scheme provides a mechanism these incentives in the form of transfer-
been constituted in the Department of for reimbursement of taxes, duties and able duty credit scrips, which can be uti-
Revenue to review and recommend levies, which are currently not being lised for settling import duties or can be
the ceiling rates under the RoDTEP refunded under any other mechanism, sold in the market.
ENGINEERING
Nuberg EPC bags IOC’s propylene purifi cation package

for Panipat refi nery

Nuberg EPC, the Noida-based engi- package. The package will consist of vari- informed in a press note. The purifi ed
neering, procurement and construc- ous equipment such as pressure vessels, propylene will be used as a feedstock for
tion (EPC) company, has announced heat exchangers, compressors, motors, producing polymers.
that Indian Oil Corporation (IOC) has electric heaters, and air-cooled heat ex-
awarded it a contract for the design, engi- changers. Nuberg EPC’s process equip- This is the fourth project that Nuberg
neering, manufacturing, supply and ment manufacturing facility in Gujarat EPC is executing for IOC in India. The
commissioning of a Propylene Purifi - will supply equipment for the project. other IOC projects include the hydrogen
cation Package at the Panipat refi nery, fuel dispensing station, a bio-ethanol
Haryana. The project is part of IOC’s Nuberg EPC said the project, expec- plant, and a sulphur recovery unit (SRU)
expansion plan to increase the refi nery ted to be completed in 18 months, is its at various locations.
capacity from 15-mmtpa to 25-mmtpa. fi rst project in the propylene purifi cation
segment. “It is the fi rst propylene purifi - Mr. A. K. Tyagi, Chairman and Man-
The scope of work for Nuberg EPC cation package that will be skid mounted aging Director of Nuberg EPC, said,
includes the design, engineering, manu- /modular in nature to facilitate easy in- “We are delighted to partner with IOC
facturing, assembly, inspection, testing, stallation and operation. Nuberg EPC will for this prestigious project. This is a testi-
supply and supervision of erection, com- use regenerative and sacrifi cial adsorbent mony of our expertise and experience in
missioning and performance guarantee technology to purify propylene from the delivering world-class EPC solutions for
testing of the propylene purifi cation refi nery off-gas stream,” the company the oil and gas industry.”

136 Chemical Weekly October 10, 2023

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