These schemes, active since 2019 and 2021, help refund embedded taxes on exported goods. But with global trade shifting; from digitalisation to sustainability rules; they may no longer fit the bill. The review isn’t just about tweaking numbers; it’s about rethinking how India boosts exports without hurting domestic supply or pricing. Imagine your local shirt manufacturer or medical device exporter suddenly losing that tax rebate; what happens next? The outcome could impact jobs, investment, and pricing across sectors. This isn’t dry policy; it’s a make-or-break moment for India’s global trade game.