The Union government to readjust the duty drawbacks in the new Goods and Services Tax regime is seeking industry feedback on it. The ROSL (Rebate of State Levies on Export of Garments) scheme is a remission scheme to offset state levies is an import additional duty drawback scheme announced by the Textile Ministry for exporters in late 2016.
Exporters remained wary about the duty drawbacks in the GST era as clarity over continuation or in which form remained a grey area till now. But they are continuing to book orders presuming it will continue.
Chairman export promotion committee of Apparel Export Promotion Council, Anil Buchasia said that they are surviving on drawbacks. ROSL is very important benefit with great positive impact on exports.
Monthly exports of apparel in April, 2017 grew by almost 32 percent to USD 174 billion over the same month last year. The benefit of ROSL is to the tune of four percent to their cost.
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