Indian Govt. restores old rates for ROSL scheme | Policy News India
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Indian Govt. restores old rates for ROSL scheme

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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.

 

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