- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Apparel exporters seek continuation of ROSL under GST regime
Apparel exporters' body AEPC today demanded the rebate on state levies scheme for the sector should be continued under the GST regime, arguing that it gave a boost to exports.
Updated : May 31, 2017, 04:24 PM IST
TRENDING NOW
)
Malaika Arora, dressed in stunning red saree, reunites with her ex Arjun Kapoor for special occasion; video goes viral
)
Meet actress who was thrown out of home by her father, gave only 2 hits in 22 years, still has net worth of Rs 170 crore
)
Shah Rukh Khan to get Rs 90000000 from Maharashtra government for his bungalow Mannat? Here's what we know
)
Meet IIT-JEE topper Satvat Jagwani, joined IIT Bombay with AIR 1 but left after 2 years due to...
)
Gandii Baat, XXX star Aabha Paul raises temperature in sexy photos, hot videos
)
This actor was homeless, worked as waiter, sold tea, was rejected, then one advice made him star; he is...
)
Bigg Boss 18's Avinash Mishra on predicting his defeat against Karan Veer Mehra, Vivian Dsena: 'Competition toh...'
)
Meet Vavilala Chidvilas Reddy, IIT-JEE topper with AIR 1, scored 341 in JEE Advanced, went on to pursue...
)
'Jennifer Aniston admitted': Megyn Kelly on Barack, Michelle Obama's rumoured split, affair with FRIENDS star
)
KBC 1st crorepati Harshvardhan Nawathe after 25 years, here's how he looks now
)
Sky Force movie review: Akshay Kumar, Veer Pahariya's war-drama exceeds expectations, film works where Fighter failed
)
Abhishek Bachchan calls parents Amitabh Bachchan, Jaya 'equivalent to God', wants to leave daughter Aaradhya with...
)
Narayana Murthy's Infosys expands its campus in THIS city, to create 17000 new...
)
Mumbai-Ahmedabad bullet train to cover 500 km in 2 hours with top speed of..., will be operational by...
)
Aamir Khan's son Junaid Khan has 'one complaint' from Loveyapa co-star Khushi Kapoor: 'I used to come on time but she..'
Apparel exporters' body AEPC today demanded the rebate on state levies scheme for the sector should be continued under the GST regime, arguing that it gave a boost to exports.
The Apparel Exports Promotion Council (AEPC) said it has made a presentation to Finance Minister Arun Jaitley last week to continue ROSL in the current form post the roll out of the Goods and Services Tax.
The GST is expected to be rolled out from July 1.
India's apparel exports grew 31.7 per cent in April as against the same month last year.
"The data of the apparel exports shows that after the commencement of disbursement of ROSL, the apparel sector has been registering double digit growth," AEPC said.
During March-April 2017, Indian garment exporters were able to increase production by around 30 per cent and employed at least 5 per cent more workers during the same period.
The revenue department began operationalising the Rs 5,500-crore ROSL scheme from September 20 last year, under which exporters are compensated for state levies. The Cabinet had cleared Rebate of State Levies (ROSL) on exports of garments to refund the state levies which are not given so far.
Union Textiles Minister Smriti Irani earlier informed that funds to the tune of over Rs 1,900 crore have been given to the apparel industry under the rebate of state levies to boost exports from the sector.
"The big jump in apparel exports is the result of recently implemented incentive called ROSL on export of garments, as it helped the industry increase the production at very competitive rates for a larger share of global markets.
It is important that ROSL is continued even in GST era to ensure sustained growth momentum," AEPC Chairman Ashok G Rajani said.
With GST to be operational from July 1 2017, any dilution in the ROSL scheme will hit the apparel export sector badly, impacting the job growth, the apparel exporters body said.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
