Centre extends RoSCTL scheme for export of garments, apparels
With a view to boost exports and job creation in the textile sector, the government has approved the continuation of the Scheme for RoSCTL till March 31, 2024.
Chairman of Apparel Export Promotion Council (AEPC), Naren Goenka, said so far the scheme has helped a large number of MSMEs to join the apparel export business. “It has helped India to improve cost efficiency and the export competitiveness of Indian textiles and garments in the international market. And, also promoted growth of start-ups and entrepreneurs in the domain,” he said.
“RoSCTL is a forward-looking and growth-oriented scheme which has provided a stable and predictable policy regime, helping boost exports and employment.”
After the introduction of GST in 2017, the RoSL (Rebate of State Levies) scheme was replaced by a new scheme – Rebate of State and Central Taxes Levies (RoSCTL) in March 2019.
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