After the introduction of GST in 2017, the RoSL (Rebate of State Levies) scheme was replaced by the new scheme—RoSCTL—in March 2019.
“RoSCTL is a forward-looking and growth-oriented scheme which has provided a stable and predictable policy regime, helping boost exports and employment. The scheme helped improve cost efficiency and the export competitiveness in the international market. It has also promoted incubation of start-ups and entrepreneurs in the domain and also led to the large number of MSMEs joining the apparel export business,” said Narendra Goenka, chairman of Apparel Export Promotion Council.
ALCHEMPro News Desk (KD)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
