- Extension of RoSCTL will help in enhancing export cost-competitiveness of apparel/garments and made-ups sectors (includes tarpaulins, tents etc.).
- It will help in achieving target of taking Indian textile industry to $250 billion by 2030, including $ 100 billion exports.
- About RoSCTL
- Introduced by the Ministry of Textiles in 2019.
- It replaced the Rebate of State Levies (RoSL) Scheme.
- Objective: To compensate for the State and Central Taxes and Levies on export by rebate.
- Eligibility: Apparel/garments (under Chapter 61 and 62) and Made-ups (under Chapter 63) Central Excise Tariff Act, 1985.
- Implementing Agency: Department of Revenue (DoR) under Ministry of Finance.
- Introduced by the Ministry of Textiles in 2019.
- About Apparel/Garments (Textile) Sectors
- Contributes approx. 2.3 % to the country’s GDP, 13% to industrial production and 12% to exports.
- India has a 4% share of the global trade in textiles and apparel.
- 5th largest producer of technical textiles in world.
- India is one of the largest producers of cotton and jute in the world.
- 2nd largest producer of silk in the world and 95% of the world’s hand-woven fabric comes from India.
Other Important initiatives
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