SME Times News Bureau | 25 Mar, 2020
The Union cabinet on Wednesday gave its approval for the continuation of
"Rebate of State and Central Taxes and Levies" (RoSCTL) scheme for
the apparel industry.
According to an official statement, the RoSCTL will be extended from April 1,
2020 onwards "until such a time that the scheme is merged with Remission
of Duties and Taxes on Exported Products (RoDTEP)".
"The RoSCTL scheme for apparel and made-ups will be continued with effect
from 1st April, 2020 without any change in scheme guidelines and rates as
notified by the Ministry of Textiles till such time that the RoSCTL is merged
with RoDTEP," the statement said.
"Continuation of RoSCTL beyond 31st March, 2020 is expected to make the
textile sector competitive by rebating all taxes or levies which are currently
not being rebated under any other mechanism," it added.
The scheme envisages to reduce high logistical cost burden on exporters of
readymade garments and made-ups.
