Export Stocks in Focus as Centre Restores RoDTEP Benefits

Export-driven sectors such as textiles, engineering, pharmaceuticals, chemicals, leather, marine products, and agriculture are likely to attract investor attention on Tuesday, March 24, following the government’s decision to reinstate key export incentives amid ongoing geopolitical tensions in West Asia.

Key Stocks to Watch

Companies including Gokaldas Exports, Pearl Global, and other textile players, along with footwear brands like Bata and Redtape, as well as pharma exporters, are expected to remain in focus.

Government Restores RoDTEP Benefits

The Centre has reinstated the full benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, as the Iran–US–Israel conflict enters its fourth week. This restoration applies to all eligible export goods for the period from February 23, 2026, to March 31, 2026.

Recent Rollback of Incentives

The move is expected to ease the tax burden on exporters, improving their global competitiveness. Notably, the government had reduced these incentives by half just last month, cutting rates across all applicable tariff lines and proportionally lowering value caps. For instance, the rebate on unginned raw cotton (staple length up to 20 mm) had been reduced from 3.1% (capped at ₹1.60 per kg) to 1.55% (capped at ₹0.80 per kg).

Introduced in 2021, the RoDTEP scheme is designed to refund embedded duties and taxes that are not otherwise reimbursed under existing mechanisms, thereby supporting exporters in maintaining cost competitiveness in international markets.

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