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Economy
Mahesh

18/07/22 21:06 PM IST

Extension of RoSCTL scheme

In News 
  • Ministry of Commerce and Industry recently extended the “Scheme for Rebate of State and Central Taxes and Levies (RoSCTL)” till March 31, 2024.
RoSCTL
  • RoSCTL scheme will be continued with the same rates as announced by Textile Ministry for exports of apparel or garments and made-ups.
  • Scheme was extended in order to enhance exports and generate employment in textile industry.
  • It is a forward-looking and growth-oriented scheme. The scheme has always provided a predictable and stable policy regime.
  • It has led to improvement in cost efficiency and export competitiveness in global market.
  • Scheme also promoted incubation of start-ups & entrepreneurs in this field.
  • Under the scheme, huge number of MSMEs have joined the apparel export business.
  • RoSCTL Scheme was launched with the aim of reimbursing all embedded State and Central Taxes or Levies for exports of manufactured goods and garments.
  • Importer-Exporter Codes (IECs) are required to apply for RoSCTL programme.
Source- PIB 

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