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14/07/2022 03:50pm

RoSCTL scheme for garment exports extended till March 31, 2024

image RoSCTL scheme for garments exports extended till March 31, 2024

New Delhi, July 14 (KNN) The government has decided to extend the Rebate of State and Central Taxes and Levies (RoSCTL) Scheme for exports of apparel/garments and made-ups with same rates till March 31, 2024, said textiles ministry in a statement.

The centre has extended the scheme with the objective to boost exports and enhance job creation in the textile sector.

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“RoSCTL is a forward-looking and growth-oriented scheme which has provided a stable and predictable policy regime, helping boost exports and employment. The scheme helped improve cost efficiency and the export competitiveness in the international market”, Apparel Export Promotion Council Chairman, Naren Goenka said.

“It has also promoted incubation of start-ups and entrepreneurs in the domain and also led to the large number of MSMEs joining the apparel export business,” he added.

The RoSL (Rebate of State Levies) scheme which was in operation before the introduction of GST in 2017, was replaced by the current Rebate of State and Central Taxes Levies (RoSCTL) scheme in March 2019.

(KNN Bureau)

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