India’s Home Textile Exporters' Welfare Association (HEWA) has urged the government to release dues pending for the last seven months under the Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups (RoSCTL) scheme announced in March this year so that exporters do not face liquidity problems during the festival season.
The scheme offers rebate on all embedded taxes on exports. Under the scheme, the maximum rate of rebate for apparel is 6.05 per cent while for made-ups, this goes up to 8.2 per cent.India's Home Textile Exporters' Welfare Association (HEWA) has urged the government to release dues pending for the last seven months under the Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups (RoSCTL) scheme announced in March this year so that exporters do not face liquidity problems during the festival season. #
"Christmas festival sale is coming and Indian exporters have received orders from all over the world but due to pending RoSCTL and GST goods and services tax] refunds, non-availability of credit from banks and cost escalation, the exporters are having lack of funds to fulfill orders on a timely basis," the association said.
The association recently submitted a memorandum in this regard to textiles secretary Ravi Capoor. The made-ups segment comprises of home textiles products such as bed linen, pillows and carpets.
A delay in doling out the RoSCTL payments may lead to cancellation of orders, it said.
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