And also urges the Government to declare the RoDTEP rates as early as possible.
Under the leadership of the Prime Minister, Shri Narendra Modi ji the Union Cabinet given go ahead for continuation of Rebate of State and Central taxes and Levies (RoSCTL) for exports of the Made-ups (covered under Chapter-63) along with Apparel/Garments (covered under Chapters-61 & 62) and the rates will be the same as notified by Ministry of Textiles vide Notification dated 8th march 2019. The scheme will continue till 31st March 2024.
However, the other Textiles products (excluding Chapters-61, 62 & 63) to be covered under the RoDTEP scheme and the RoDTEP rates are likely to be announced very soon by the government.
SRTEPC Chairman Shri Dhiraj Raichand Shah and Vice-Chairman Shri Bhadresh Dodhia thank Hon’ble Prime Minister Shri Narendra Modi, Hon’ble Finance Minister Smt. Nirmala Sitharaman, and Hon’ble Minister of Textiles, Commerce and Industry, Consumer Affairs, Food and Public Distribution Shri Piyush Goyal and Minister of State for Textiles Smt. Darshana V Jardosh for their kind consideration for continuing the RoSCTL rates till 2024.
SRTEPC Chairman Shri Dhiraj Raichand Shah informed that Made-ups is one of the highest value-added segments in the textile sector and currently around US$ 1500 million of Made-ups made out of the MMF textiles are exported from India to various countries. Continuation of the RoSCTL will certainly strengthen the Made-ups segment that is highly labour intensive and majority of the beneficiaries are the women, Shri Dhiraj Raichand Shah stated.
With regards to the supporting measures to the exporters SRTEPC Chairman Shri Dhiraj Raichand Shah and Shri Bhadresh Dodhia, Vice-Chairman of SRTEPC informed that Government should declare the RoDTEP rates as early as possible as the current situation is challenging and there is huge liquidity crunch. He also insisted that supportive measures need to be extended to the entire MMF textile value chain viz, fibre, yarn and fabrics under the RoDTEP scheme and minimum rates should be around 7 percent.
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