RoSL to provide relief to Garment Exporters

RoSL to provide relief to Garment Exporters

Textile Ministry has announced transitional rates for Remission of State Levies (RoSL) of garments & made-ups, exporters of garment & made- up will get ample relieve and support as under such arrangements for the period 1st July 2017 to 30th September 2017, the exporter may claim RoSL at the rates prior to introduction of GST.

The special scheme for remission of state levies by the Textiles Ministry for three years was part of the Rs 6,000 crore special package for employment generation and promotion of exports in the textile and apparel sector approved by the Union Cabinet last year.

Under the new GST regime, the government had temporarily retained this important element.

The textile industry had recently urged the government to continue with the RoSL for three years as committed in the special package because the scheme has benefited the exports of garments.

Exports of garments have gone up over 31 per cent in April this year, over corresponding month last year.

The ministry disbursed Rs 400 crore under RoSL to exporters last year and provisioned Rs 1,554 crore in the current fiscal for providing supports to the exporters.

Small exporters are the majority beneficiaries of the RoSL scheme and it has so far helped boost shipments from the labour-intensive segment. According to exporters from the textile sector, the RoSL scheme is in line with the principle of ‘zero rating’ of export items.

The scheme for RoSL aimed at making garment exports competitive in the international market.

–  Apparel and Textile News, Apparel Talk, Indian Apparel