The Duty and Tax Exemption on Exported Goods (RoDTEP) scheme is set to provide exporters with rebates on some local taxes and will be extended to green hydrogen once exports begin, according to Reuters. The Ministry of Renewable Energy and Trade did not respond to Reuters inquiries.
India, one of the world’s largest emitters of greenhouse gases, has approved her $2.11 billion stimulus package to boost local production and boost the use of green hydrogen. The move aims to help the country reach net zero carbon emissions by 2070. The country aims to produce 5 million tonnes of green hydrogen annually and hopes to meet at least 10% of global demand by 2030. In December, ammonia and methanol, tREAD LATERIndia will expand export benefits to domestic green hydrogen producers under a key program as the Asian country aims to become a global supplier of clean fuels, two government officials said. person said. The Duty and Tax Exemption on Exported Goods (RoDTEP) scheme is set to provide exporters with rebates on some local taxes and will be extended to green hydrogen once exports begin, according to Reuters.
What does Ministry says?
The Ministry of Renewable Energy and Trade did not respond to Reuters inquiries. India, one of the world’s largest emitters of greenhouse gases, has approved her $2.11 billion stimulus package to boost local production and boost the use of green hydrogen . The move aims to help the country reach net zero carbon emissions by 2070.The country aims to produce 5 million tonnes of green hydrogen annually and hopes to meet at least 10% of global demand by 2030.He also said in December that ammonia and methanol, transportable forms of hydrogen, were added to the list of fuel sources receiving export incentives, even though India is a net importer of these sources. A government official said the same exemption applies to other green fuels produced with renewable energy. “If green hydrogen is to be exported by Indian producers, then covering such exports under RoDTEP would not be a problem,” the official added. The plan to supply green hydrogen worldwide has prompted Germany’s renewable energy ministry to seek participation in the country’s export promotion program, which is administered by the Ministry of Commerce, the second official added. India is a net importer of hydrogen, but portable hydrogen is also included in the list of suitable fuel sources and enjoys export incentives. A government official said the same exemption applies to other green fuels produced with renewable energy. “If green hydrogen is to be exported by Indian producers, then covering such exports under RoDTEP would not be a problem,” the official added. Plans to supply green hydrogen around the world have prompted the Federal Renewable Energy Department to seek the inclusion of hydrogen in the country’s Commerce Department-administered export facilitation program, he added.
