Industry And Cluster | News & Insights

Exporter of Home Textile in Heavy losses due to delay in repay of ROSCTL

Published: November 24, 2019
Author: TEXTILE VALUE CHAIN

A meeting of exporters was organised by Textile Development Foundation (TDF) Solapur on 21st November 2019 under the ageis of Home Textile Exporters’ Welfare  Association (HEWA) regarding pendency of  RoSCTL.

Central and state governments allow rebate on taxes to the exporters to promote exports.  The RoSCTL scheme was declared in the month of March 2019 by which upto 6.05% was allowed on garments and 8.2% on made-ups such as Solapur made towels and bed sheets.

While exporting towels from Solapur the costs were calculated on the basis that exporters will get back the levies, but due to delay in the payment of levies to the exporters under the scheme they are incurring heavy losses.

Addressing meeting participants through video-conferencing, the HEWA officer bearer Sh. Vikas Singh Chauhan informed that payment under RoSCTL scheme is under consideration of Prime Minister’s office and we hope that very soon it will be sorted out positively.

The meeting was attended by TDF President Rajesh Gosaki,  ex-president Siddheshwar Gaddam, HEWA Representative Lingraj Gudur, Maruti Kendule, Mayur Daragad, Rohit Rathi, Dattu Dubaru and 30 other exporters.

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