News Tags

Related Keywords: 163.85 crore from Rs 1, 555 crore in this FY, apparel and garment manufacturing centres, apparel sector, Budget allocation, help boost textile export, raised to Rs 2, Remission of State Levies, ROSL scheme, Smriti Irani, Textile Minister, TUFS also increased

The Budget allocation for remission of state levies (ROSL) scheme has been raised to Rs 2,163.85 crore from Rs 1,555 crore in 2017-18, initiatives like 39 percent increase would help boost textile export, said Textile Minister Smriti Irani.

Allocations under the technology upgradation fund scheme (TUFS) have also been increased by 15 percent in the Budget.

Irani said that the Rs 6,000-crore package announced for apparel sector last year, and 39 percent increase in ROSL would help push the exports.

Related Keywords: ample relieve and support, announced transitional rates, claim for period of three months, exporters of garment, garments & made-ups, inistry of Textile, rates prior to introduction of GST, Remission of State Levies, ROSL, temporarily retained, transitional arrangement, under new GST regime

The Ministry of Textile on Tuesday in New Delhi announced transitional rates for Remission of State Levies (RoSL) of garments & made-ups, exporters of garment & made- up will get ample relieve and support.

The Government has announced that as a transitional arrangement for the period 1st July 2017 to 30th September 2017, the exporter may claim Remission of State Levies (RoSL) at the rates prior to introduction of GST.