RoSCTL is need of the hour
The Union Cabinet has approved the scheme to rebate of state and Central embedded taxes to support the textile sector. Fibre2Fashion asks a cross-section of the industry about the impact of the decision.
The Union Cabinet has approved a new scheme RoSCTL, by discontinuing the existing scheme for Rebate of State Levies (RoSL) for both apparel and made-ups. The news RoSCTL rate will enhance our competitiveness, which is need of the hour to sustain in the global market.
This is a very good step towards the growth of the apparel export sector and Indian exporters can compete with other countries with favourable duty structures in big export markets. This support will motivate exporters to book bulk orders, and in turn will help them to increase their capacity utilisation levels.
Published on: 11/03/2019
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.