Indian Govt. restores old rates for ROSL scheme | Policy News India
Home » News » Policy News » Indian Govt Restores Old Rates For Rosl Scheme

Indian Govt. restores old rates for ROSL scheme



Government Policy

Continuation of ROSL for next three months on old rates is a support for garment export industry

The Government of India has decided to continue ROSL (Rebate of State Levies) scheme at old rates for the next three months (till 30th September 2017). The move comes after the Apparel Export Promotion Council (AEPC)’s request for restoration of the previous rates of ROSL at 3.9 per cent in reaction to the announcement made by the Ministry of Textiles, through a notification issued on 27th June 2017, which had notified the interim ROSL scheme at 0.39 per cent.

Additionally, another notification dated 30th June 2017 had made it compulsory for the exporters to give declarations and certificates in a prescribed format at the time of export for claiming the duty drawback.

APEC had termed this sharp reduction of 90 per cent as ‘not acceptable’. Ashok Rajani, Chairman, AEPC shared, “We are happy with this decision as our demand has been accepted. This will be a good support to Indian apparel exporters.”

It is pertinent to mention here that AEPC, through its recently conducted study, found out that the ROSL scheme has hugely impacted the Indian apparel export industry in a positive way.


Have some news? Let us know on

Recommended by Apparel Resources

GST: Indian Govt. Rules Out Rate Revision for Textile Industry

The Indian Government has ruled out any scope of relaxation on Goods and Services Tax (GST) for the textile industry. Textile traders have...

Bangladesh Budget: Corporate Tax for RMG sector at 12%, Tax at Source 1%

In what may be termed as some reprieve to the readymade garment manufacturers of Bangladesh, the Government has lowered the Corporate Tax to...

GST gets mixed response from Indian textile industry

Goods and Services Tax (GST) will become the part of Indian taxation policy from 1st July, 2017. Despite several seminars and knowledge sharing...

India’s EPCH takes measures to ensure smooth GST roll-out

Goods and Services Tax (GST) will be effective from 1st July, 2017 and become one of the biggest taxation reforms in India… In a bid to ensure hassle-free execution of the...

Bangladesh will continue to get duty-free access to UK post Brexit

Even as readymade garment exporters in Bangladesh have been speculating on the fate of duty-free benefits (that it currently enjoys in United Kingdom)...

India imposes anti-dumping duty on sewing machine needles from China

The Union Finance Ministry of India has imposed definitive anti-dumping duty for a period of five years on sewing machine needle import from...

Textile industry clueless on draft of UP Textile Policy ’17

Draft of Textile, Handicrafts and Sericulture Policy 2017 has recently been approved by the Yogi Adityanath-led State Government in Uttar Pradesh, India. The draft is however not available in public...

Indian knitwear industry likely to get ‘special package’ soon

Indian knitwear industry might get to hear good news in around two months’ time as the Government is likely to announce a package...

India ratifies two ILO conventions on child labour

The Union Cabinet chaired by Prime Minister Narendra Modi gave formal consent to two core conventions of International Labour Organisation (ILO) on child...