Industry hails continuation of RoSCTL: To give fillip to export of apparel, garments and made-ups
The Textile magazine|July 2021
After a period of the Covid-19 pandemic induced lull, there is some good news filtering in for the textile industry. The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval for continuation of Rebate of State and Central taxes and Levies (RoSCTL) with the same rates as notified by Ministry of Textiles vide Notification dated 8th march 2019, on exports of Apparel and Garments (Chapters-61 & 62) and Made-ups (Chapter-63) in exclusion from Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for these chapters. The scheme will continue till 31st March 2024.
Industry hails continuation of RoSCTL: To give fillip to export of apparel, garments and made-ups

The other Textiles products (excluding Chapters-61, 62 & 63) which are not covered under the RoSCTL shall be eligible to avail the benefits, under RoDTEP along with other products as finalised by Department of Commerce from the dates which shall be notified in this regard.

Continuation of RoSCTL for Apparel/ Garments and Made-ups is expected to make these products globally competitive by rebating all embedded taxes/ levies which are currently not being rebated under any other mechanism. It will also provide a level playing field for Indian textile exporters, apart from providing an opportunity for start-ups and entrepreneurs to create lakhs of jobs.

Tax Refund for Exported Products

In addition, to import duties and GST which are generally refunded, there are various other taxes/duties that are levied by Central, State and Local Government which are not refunded to the exporters. These embedded taxes and levies increase the price of Indian Apparel and Made-ups and make it difficult for them to compete in the international market.

This story is from the July 2021 edition of The Textile magazine.

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This story is from the July 2021 edition of The Textile magazine.

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