Post-GST rates of ROSL to boost Apparel & Textiles sector

Post-GST rates of ROSL to boost Apparel & Textiles sector

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

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

The post-GST RoSL notification rates for rebate of state levies/taxes is in pursuance of the decision of the centre 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 has been effective from 01.10.2017.

Further, Directorate General of Foreign Trade (DGFT) has enhanced the rates under the Merchandise Exports from India Scheme (MEIS) from 2 per cent to 4 per cent on readymade garments and made ups w.e.f 1st November 2017 till 30th June 2018. Ministry of textiles is expecting that these measures will boost the exports of garments and made-ups from India.

–¬†Apparel and Textile News, Apparel Talk, Indian Apparel