Home textile exporters demand release of pending RoSCTL dues
- Country:
- India
The Home Textile Exporters' Welfare Association (HEWA) has demanded the government to release pending dues under a taxes and levies rebate scheme. In March, the government had announced the Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups (RoSCTL) scheme which provides rebate on all embedded taxes on exports, but HEWA claimed exporters are yet to receive the refunds from this scheme which are pending since last 7 months.
"Christmas festival sale is coming and Indian exporters have received orders from all over the world but due to pending RoSCTL and GST refunds, non-availability of credit from banks and cost escalation, the exporters are having lack of funds to fulfil orders on a timely basis," the association said. The association submitted a memorandum in this regard to Textiles Secretary Ravi Capoor on Monday here.
The made-ups segment comprises of home textiles products such as bed linen, pillows and carpets. Under the scheme, maximum rate of rebate for apparel is 6.05 per cent while for made-ups, this goes up to 8.2 per cent.
"Release of RoSCTL will give instant liquidity to exporters to complete the pending as well as new orders," the association said in the memorandum. It said that in case there is a delay in doling out the RoSCTL payments, it will lead to cancellation of orders.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- government
- exporters
- association
- GST
- Indian
- pillows
- apparel
ALSO READ
New Headline - Court Reveals Intimidation Tactics Used by Victims Welfare Association Against QNET India in Financial Fraud Case
US Women's Players Association Stands in Solidarity with LGBTQ Community
UP CM boasts of acting tough on criminals, says gangsters wet their pants under BJP rule
Farmers asking for MSP, youngsters want jobs, but no one listening: Rahul
First chapter of 'We Made in India – 2024' in association with IAMAI to host experts on India's potential for growth