Industry And Cluster | News & Insights

Even after 7 months of Gazette Notification Textile Exporters are waiting for release of pending RoSCTL.

Published: October 9, 2019

Representatives of Home Textile Exporters’ Welfare Association (HEWA) Shri Anant Srivastava and Shri  Vikas Singh Chauhan met with Textile Secretary, G.O.I Shri Ravi Capoor at Udyog Bhawan, New Delhi on dated 07.10.2019  at Udyog Bhawan, New Delhi.

Home Textile Exporters’ Welfare Association (HEWA) is continuously working for the benefit and safeguarding the interests of Small and Medium Exporters in Textile sector.

As we all are aware that due to various Global factors there is a sense of slowdown, Export is going down despite bulk orders coming in India.

By way of this memorandum, the office bearers of the Home Textile Exporters’ Welfare Association (HEWA) wish to bring to your kind notice a crucial point, i.e. release of pending RoSCTL which can boost the Export Sales in 3rd Quarter.

Christmas festival season sale is coming and Indian exporter 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 fulfill the order on timely basis.

On 07.03.2019, the Govt. Of India had announced very good scheme RoSCTL which provides rebate on all embedded taxes on exports, but exporters are yet to receive the funds from this scheme which is pending since last 7 months.

Release of RoSCTL will give instant liquidity to exporters to complete the pending as well as new orders.

In case there is a delay in doling out the RoSCTL payments, it will lead to cancellation of orders. Exporters are having very less time to complete the pending orders as already shipments of Christmas have started in other countries.

In the larger interests of Textile Exporters, the HEWA requests your august office to release of pending RoSCTL at the earliest, so that it becomes feasible for the Indian Exporters to ship their products timely which in turn will bring export proceeds in India and new orders will come for summer season.

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