The government has approved the extension of the scheme for Rebate of State and Central Taxes and Levies (RoSCTL) till March 31, 2024 for export of apparel, garments and made-ups with the same rates, the Ministry of Textiles said in a press release on Thursday.
Chairman of Apparel Export Promotion Council (AEPC), Naren Goenka, said so far the scheme has helped a large number of MSMEs to join the apparel export business. “It has helped India to improve cost efficiency and the export competitiveness of Indian textiles and garments in the international market. And, also promoted growth of start-ups and entrepreneurs in the domain,” he said.
“RoSCTL is a forward-looking and growth-oriented scheme which has provided a stable and predictable policy regime, helping boost exports and employment.”
After the introduction of GST in 2017, the RoSL (Rebate of State Levies) scheme was replaced by a new scheme – Rebate of State and Central Taxes Levies (RoSCTL) in March 2019.
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