Welcoming the decision of the post-GST rates under Remission of State Levies (RoSL) scheme by the government, Confederation of Indian Textile Industry (CITI) chairman Sanjay K Jain said, “The move will boost the garment exporters to accept bigger orders from the global buyers which they were unable to accept due to competitiveness reducing in wake of reduction in drawback and RoSL rates post-GST.”
P Nataraj, chairman, The Southern India Mills’ Association (SIMA) said, “The industry was expecting at least 2 per cent to 3 per cent increase in the RoSL rates considering the various embedded/blocked taxes of Central and state levies.”
“The Drawback and RoSL rates notified by the Government after the implementation of the GST are only interim relief as these benefits have not considered various embedded taxes and also inverted duty on fabric stage,” Nataraj said. He urges to the government to announce the new rates of Duty Drawback without any further delay giving effect from October 1, 2017 so that the financial stress caused to the exporters could be minimised during this critical juncture.
– Apparel and Textile News, Apparel Talk, Indian Apparel
