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Related Keywords: 16 percent year-on-year, 8 percent in dollar terms, AEPC, apparel by about 14 percent year-on-year, by 7 percent year-on-year, CITI, Indian apparel export, January this year, man-made textiles, ROSL, sharp fall in the exports of cotton textile, witnessed decline by 14 percent in rupee

Indian apparel export in January this year witnessed decline by 14 percent in rupee and 8 percent in dollar terms compared with the year earlier month, as per latest official data. The sharp fall in the exports of cotton textile by 16 percent year-on-year, apparel by about 14 percent year-on-year and man-made textiles by 7 per cent year-on-year contributed to the sub-optimum performance.

Related Keywords: currently under stress, Denim manufacturers in India, DMA, enhance DBK rates, extending benefits under various schemes, Focus product, increase support, Indian denim fabric manufacturing industry, led by Denim Manufacturers Association, market, MEIS, ROSL, sunrise industry in the entire textile value chain of India, urged Central government

Indian denim fabric manufacturing industry a the sunrise industry in the entire textile value chain of India is currently under stress. To bring the industry out of this situation the Denim manufacturers in India, led by the New Delhi based Denim Manufacturers Association (DMA), have urged the Central government to immediately announce increased support in the form of some enhancement in present duty drawback rates and extending some more benefits under various schemes such as ROSL, MEIS, Focus Product, Focus Market, etc which will enable them to tap the potential of export market.

Related Keywords: chairman, export of garments, impact Indian textile exports, lack of clarity on DBK, made up textile articles, P Nataraj, Rebate of State Levies, ROSL, SIMA, Southern India Mills Association, Textile Industry, unable to book orders

The textile industry are unable to book orders due to lack of clarity on the duty drawback rate and Rebate of State Levies (ROSL) on export of garments and made up textile articles, and this could impact India’s textile exports, said P Nataraj, Chairman, the Southern India Mills Association (SIMA).

For the textile industry second half of September could be a crucial period as the government is yet to give a mandate to the duty drawback committee on the revised duty drawback rate and Rebate of State Levies (ROSL).

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.

Related Keywords: a remission scheme, announced by Textile Ministry, for exporters, import additional duty drawback scheme, offset state levies, readjust duty drawbacks in the new GST regime, Rebate of State Levies on Export of Garments scheme, ROSL, seeking industry feedback, Union government

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.

Related Keywords: benefit of made up exports, competitive in world markets, cut and sew products, garment exports, GST subsuming all other taxes and benefits, Indian made ups, post GST, ROSL, Textile industry fears Rebate of State Levies scheme, urged government to continue with ROSL, withdrawn prematurely

The textile industry fears that the Rebate of State Levies (ROSL) scheme will be withdrawn prematurely, with Goods and Service Tax (GST) subsuming all other taxes and benefits and hence urged the government to continue with the ROSL scheme post GST for the benefit of made up exports.

ROSL scheme was introduced in March 2017 initially for three years. Under ROSL, exporters of made ups get incentives of 3.9 percent of the value of exported goods.

Related Keywords: apply with Let Export Order, from yarn to finished garments, Ministry of Textiles, notified first of its kind scheme, or central sales tax on inputs, Rebate of State Levies on Export of Garments, ROSL, scheme seeks to rebate state value added tax, stages of production, unique features

The ministry of textiles has notified first of its kind scheme with unique features for Rebate of State Levies on Export of Garments (ROSL) which will apply with ‘Let Export Order’. The scheme seeks to rebate state value added tax or central sales tax on inputs, including packaging and fuel, duty on electricity generation and duties, and charges on purchase of grid power, as accumulated through the stages of production from yarn to finished garments.

The ministry has notified the rebate rates for all items covered under chapters 61 and 62 of the All Industry Rates of drawback.