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FIEO seeks government intervention to resolve deadlock over export benefits

The Federation of Indian Export Organisations (FIEO), the apex trade promotion body, has sought government intervention to resolve the deadlock over export benefits for the garment and made-ups exporters. Dealing a fatal blow to the apparel and made-ups industry, the Rebate of State and Central Taxes and Levies (RoSCTL) scheme was not implemented in entire 2019 and Merchandise Exports from India Scheme (MEIS) also stopped from August 1, 2019.

This has led to a huge blocking of the exporters’ funds under these schemes. The government has not disbursed any items since the announcement of the RoSCTL scheme on March 07, 2019 and MEIS scheme on August 01, 2019. The total amount stuck is nearly Rs 6,000 crore. Most of these apparel exporters are from the MSME Sector and some of them are already in the process of closing their operations.