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Pre-GST ROSL rate to continue till September: Govt
02 Aug '17
1 min read
The government has announced that the pre-GST remission of state levies (ROSL) rate for the exports of garment and made-ups will continue till September this year. Under ROSL, the exporters can claim refund for the levies paid at the state level from the Central government. The initiative by the government will boost the labour-intensive sector.
"In order to support exporters of garments and made-ups, the government has announced as a transitional arrangement that for the period July 1 to September 30, 2017, the exporter may claim RoSL at the rates prior to introduction of GST," the textiles ministry said in a statement.
Earlier, the ministry of textiles had notified the interim ROSL scheme at 0.39 per cent rate and through another notification made it compulsory for exporters to give a declaration and certificates in a prescribed format for claiming the duty drawback. (RR)
Fibre2Fashion News Desk – India
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