The government has extended Rebate of State and Central Taxes and Levies (RoSCTL) scheme upto March 2021. The move will bring positive sentiments among garment and made-ups exporters, who were reeling under cash crunch, said analysts. The RoSCTL scheme has been the backbone of policy support for the industry and will surely restore not just the competitiveness of the industry, but also positive sentiments for achieving higher export targets. The scheme rebates embedded taxes including central excise duty on fuel used in transportation, embedded CGST paid on inputs, purchases from unregistered dealers, inputs for transport sector and embedded CGST and compensation cess on coal used in the production of electricity.

According to the government, the move will bring positive sentiments among garment and made-ups exporters, who were reeling under cash crunch, said analysts. This scheme has been the backbone of policy support for the industry and will surely restore not just the competitiveness of the industry, but also positive sentiments for achieving higher export targets.