>>
Home / Knowledge / News / Apparel/Garments / AEPC seeks continuation of ROSL scheme in GST
AEPC seeks continuation of ROSL scheme in GST
01
Jun '17
The Apparel Export Promotion Council (AEPC), the official body of apparel exporters in India, has sought continuation of the ‘Rebate of State Levies (ROSL) on Export of Garments’ scheme in its current form under the Goods and Services Tax (GST) regime. The GST Council will decide on tax rates for the textile and garment sector at its meeting on June 3.

The data of India’s apparel exports shows that after the commencement of disbursement of ROSL, the apparel sector has been registering double digit growth, AEPC said. India’s apparel export registered momentous growth of 31.7 per cent in April 2017 compared to same period last year. During March-April, 2017, Indian garment exporters were able to increase production by around 30 per cent for achieving this growth and employed at least 5 per cent more workers during the same period.

“The big jump in apparel exports is the result of recently implemented incentive called ROSL on Export of Garments, as it helped the industry to increase the production at very competitive rates for a larger share of global markets. It is important that ROSL is continued even in GST era to ensure sustained growth momentum,” said AEPC chairman Ashok G Rajani.

“80 per cent beneficiaries of ROSL scheme are exporters with a turnover of less than 10 crores (SMEs) per year. We made a presentation to finance minister last week to continue ROSL in current form under GST regime. We have also rolled out a study of more than 1,000 exporters on the key contributors to exports and we will be sharing the results shortly,” he added.

ROSL scheme is in tune with the recognised economic principle of ‘zero rating’ of export products and in recognition of the fact that at present only central levies are rebated by the way of drawback schemes. With GST being operational from July 1, 2017, any dilution in the ROSL scheme will hit the apparel export sector badly impacting the job growth, Rajani said in a statement.

“India is at the cusp of major tax reform and move like GST is a milestone. However, to provide seamless business environment policymakers have to be flexible and address the collective wisdom of industry for a robust economic system, especially when the industry provides jobs to 129 lakh workers,” he concluded.

Other textile and apparel bodies like The Cotton Textiles Export Promotion Council (Texprocil) and Tiruppur Exporters' Association (TEA) have also urged the Centre to continue ROSL benefit under the GST regime.

The continuation of ROSL scheme will certainly lead to an increase in exports of made ups articles which in turn will create more employment, according to Ujwal Lahoti, chairman, Texprocil. He said that any increase in the exports of made ups will create additional employment in the entire value chain such as spinning and weaving besides the made ups sector especially in the rural areas and for women. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Jan 2022

Vietnam-US trade hits $111.56 bn in 2021

Vietnam-US trade hit $111.56 billion in 2021, up by nearly $21...

Pic: Shutterstock

Textiles | On 26th Jan 2022

Turkey using less coal, hydropower; use of renewables, gas up: Ember

The use of coal and water for energy in Turkey reduced in 2021, while ...

Pic: Bangladesh Parliament Secretariat/Facebook

Apparel/Garments | On 26th Jan 2022

Trade Organisation Bill, 2022, introduced in Bangladesh parliament

The Trade Organisation Bill, 2022, aimed at allowing foreign traders...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

K Madhavan,

K Madhavan

Established in 2005 by P Manjunath, Peps is India's largest inner spring...

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&S,...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Ritu Kumar, Label - Ritu Kumar

Ritu Kumar
Label - Ritu Kumar

<b>Ritu Kumar</b> is the most respected designerwear brand in India...

Bav Tailor, Label Bav Tailor

Bav Tailor
Label Bav Tailor

Born in London and Indian by origin, <b>Bav Tailor </b>is the Founder of...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

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

Leave your Comments

ESTEEMED CLIENTS

Helly Hansen Far East Ltd
Chico’ FAS
Sportswear Company Spa
G-Star Raw C.V.
Rayonese Textile Inc., Division de Culp Inc.
Permoda(Koaj/Armi/Pronto/Bkul)
Babyshop
The Top Form Brassiere Manufacturing Company Limited
BIMBA ;& LOLA SL
Sateri (Jiujiang) Fiber Co.,Ltd
Hirdaramani International Export Private Limited
Recron Polyester from Reliance Industries Limited
Boardriders Asia Sourcing Limited
NITI Aayog
International Textile Manufacturers Federation
Restoque S.A.
Splash
Green Fibre
Bluestem Global Sourcing Limited
Midas Clothing Limited
Reiter India Private Limited
Truetzschler India Private Limited
LC Waikiki
J ;& P Coats
Gatsby Africa
Sainsbury's Argos Asia Limited
Page Industries Limited (Bangalore)
Maceton Limited
Seasalt Limited
Tory Burch Hong Kong Ltd
T.T. Limited
Walmart
Lisa S.P.A.
PVH Corporation
Varner AS Retail
Huntsman (Singapore) Pte Ltd
Grasim Industries Limited
Rosset ;& Cia Limited
Esprit Europe Services GmbH
SHAHI Exports Pvt Ltd
Asos
Gokaldas Exports Limited
IKEA of Sweden AB
Vardhman Textile Ltd
Cat Tuong Real Estate Group Joint Stock Company
THE BOMBAY DYEING ;& MFG.CO. LTD
Tommy Hilfiger
Puma
Decathlon
Aramark Uniform ;& Career Apparel, LLC
OVS Hong Kong Sourcing Ltd.
Desigual - ABASIC, S.A.
Gap International Sourcing Limited
Chori Company Limited
Groz-Beckert East Asia LLP
H;&M Hennes ;& Mauritz (Far East) Ltd
KAS Direct Sourcing
Hela Clothing Pvt Ltd
Landmark Group
Abit
The LYCRA Company Singapore  Pte. Ltd
Benetton Group
C;&A Sourcing International Ltd
MAS Active / MAS Kreeda / MAS Bodyline
Arvind Limited
Eastman Chemical Company
Aquarelle Clothing Limited
Lifestyle
Calvin Klein
Brandix Lanka Limited
TESCO INTERNATIONAL SOURCING LIMITED
Alix Partners
Vianney Textil Hogar S.A. De C.V.
John Varvatos
Sportmaster Ltd.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Under Armour Global Sourcing Ltd
Etam Group Strategy Hong Kong Limited
Tchibo GmbH
Phong Phu international JSC (PPJ)
Lenzing Aktiengesellschaft
Alison Hayes Romania
Lacoste (Wanchai)
Gloria Jeans
IDH – The Sustainable Trade Initiative
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
SYNERGIES HONG KONG LIMITED
Guess Europe Sagl,
Target Corporation (MN)
KIABI

January 2022

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


Advanced Search