Post-GST rates notified to boost exports, jobs in textiles

Top Stories

»	India seeking mutually beneficial FTA with EU: Piyush Goyal
»	India's nuclear power capacity has doubled in last 10 years: Jitendra Singh
»	$2.2 trillion in infra investment to help India become $7 trillion economy by 2030
»	Women now own 20.5 pc of MSMEs in India, startups surge in tier 2 and 3 cities
»	Higher industrial activity spurs power demand in November: Report

Saurabh Gupta | 27 Nov, 2017
Post-GST rates notified to boost exports and employment generation in the labour intensive textiles and apparel sector, notified ministry of textiles in New Delhi recently.

In order to support exports of readymade garments and made-ups, Government vide Notification No. 14/26/2010- IT dated 24th November 2017 has notified post-GST rates under the scheme for Remission of State Levies (RoSL) on exports of readymade garments, made-ups and under AA-RoSL for garments. it said.

Post-GST rates of RoSL are upto a maximum of 1.70 percent for cotton garments, 1.25 percent for MMF, Silk and Woolen garments and 1.48 percent for apparel of blends. Rates are upto a maximum of 2.20 percent for cotton made-ups, 1.40 percent for MMF and silk made-ups and 1.80 percent for made-ups of blends. For sacks and bags made of jute, the rate is 0.60 percent. The RoSL rate for garments under AA-AIR combination is 0.66 percent.

Notification of post-GST RoSL rates for rebate of state levies/taxes is in pursuance of the decision of Government of India to boost exports and employment generation in the labour intensive textiles and apparel sector. The Notification is in supersession of Ministry of Textiles Notification No 14/26/2016-IT dated 28.9.2017. These rates shall be effective from 01.10.2017.

Further, DGFT has enhanced the rates under the Merchandise Exports from India Scheme (MEIS) from 2 percent to 4 percent on readymade garments and made ups w.e.f 1st November 2017 till 30th June 2018. These measures are expected to boost the exports of garments and made-ups from India.