Home / Knowledge / News / Textiles / Expedite release of ROSL pending claims: TEA to Centre
Expedite release of ROSL pending claims: TEA to Centre
26
Jun '17
The Tiruppur Exporters' Association (TEA) has again urged Union textiles minister Smriti Irani to expedite releasing Rebate on State Levies (ROSL) pending claims. The ministry of textiles had announced ROSL in lieu of Value Added Tax (VAT) while releasing the special package for apparel sector and the scheme came into effect from September 20, 2016.

As per the scheme, the Central government had taken into consideration all the taxes paid by the exporters, like VAT, electricity duty, octroi, entry tax, etc., and it is to be noted that some of the taxes like electricity duty, octroi and entry tax were not being refunded earlier to the exporters. The ROSL rate for the respective garment items exported varies from 2.65 per cent to 3.9 per cent, said TEA in a press release.

Raja M Shanmugham, president of TEA said that ROSL has been pending for more than nine months for most of the garment exporting units and only a few units got the ROSL amount partially till December month. The total ROSL amount for all india readymade garment exports (woven and knitwear) estimated for the period September 20, 2016 to June 20, 2017 is Rs 3,025 crore and out of this, till date only Rs 400 crore has been disbursed and the balance to be given is Rs 2,625 crore. He said for Tirupur exporting units alone the ROSL amount pending is about Rs 550 crore.

Though in the Union Budget 2017-18, Rs 1,555 crore was allotted for ROSL claim, till date it has not been disbursed, added Shanmugham. He said representations have been made to textile minister, commerce minister, finance minister, MSME minister, road transport and highways, shipping minister, textile secretary, finance secretary, commerce secretary, DGFT, joint secretary (drawback), PMO and NITI Aayog to help for releasing the ROSL pending claim. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search