Union Cabinet extends Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) for export of Apparel/Garments till March 2026 | Current Affairs | Vision IAS
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Union Cabinet extends Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) for export of Apparel/Garments till March 2026

Posted 02 Feb 2024

Updated 18 Mar 2024

2 min read

  • 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.

 

  • 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 

  • Market Access Initiatives (MAI) Scheme
  • Amended Technology Upgradation Fund Scheme (ATUFS)
  • SAMARTH (Scheme for Capacity Building in Textile Sector)
  • PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks
  • Production Linked Incentive (PLI) Scheme for Textiles
  • National Technical Textiles Mission
  • Tags :
  • export
  • RoSCTL
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