Apparel exporters body hails extension of tax rebate scheme, says move to push textile exports

Clothing exporters’ physique AEPC on Friday mentioned the govt has notified extension of Rebate of State and Central Taxes and Levies (RoSCTL) plan, which would assist in additional pushing the country’s outbound shipments. Clothing Export Promotion Council (AEPC) Chairman A Sakthivel mentioned that it is the initially action towards accomplishing USD four hundred billion merchandise exports in the present fiscal.

Final month, the govt accredited extension of the plan underneath which garment exporters will continue on to get a rebate on central and state taxes on their outward shipments till March 2024.

The chairman mentioned that the plan will ensure refund of embedded taxes, cesses and duties.

“It will assist improve exports of textiles and apparels, entice additional expense and present immediate and oblique positions to lakhs of persons, especially ladies,” he mentioned.

The conclusion, he mentioned, provides to the steadiness of the export plan of textiles.

“The plan will

Read More