Texprocil urges Govt to continue rebate scheme for made-ups to boost exports

Posted by Daily Shipping Times on 01-06-2017        Tweet

COIMBATORE: Ujwal Lahoti, Chairman of the Cotton Textiles Export Promotion Council (Texprocil) has urged the Government to continue with the ROSL (Rebate of State Levies) scheme for three years as committed, even under the GST regime as there are still many State taxes/levies which are not subsumed under the GST.

Lahoti has pointed out that many leading companies engaged in the manufacture of “made-ups” were readying plans for investments after the announcement of the scheme.

The ROSL scheme will lead to an increase in exports of made-ups which in turn will create more employment, he said.

The scheme was announced in December last for a period of three years. The rates were announced subsequently and made effective from March 23, 2017.

The scheme aims to provide rebate of State levies consisting of State VAT/CST on inputs, including packaging, fuel, duty on electricity generation and duties and charges on purchase of grid power, as accumulated through the stages of production from yarn to finished made-ups.