Home India Ministry of Textiles In pursuance of the decision of the Government of India to i...
Date: 2017-06-27 Category: Extra Ordinary State: Union Government Country: India

In pursuance of the decision of the Government of India to initiate measures for reforms to boost employment

Issued by Ministry of Textiles · Not Applicable

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Executive Summary & Key Takeaways

This notification from the Ministry of Textiles, dated June 27, 2017, announces the interim rates for the Rebate of State Levies (ROSL) Scheme on export of garments and made-ups, effective from July 1, 2017, following the introduction of Goods and Services Taxes (GST). The ROSL scheme merges previous schemes providing remission of state levies on garment exports and made-up exports. The interim rebate rates are as follows: * **Garments (General Rebate):** 0.39% of FOB value of exports for all goods covered under Schedule I of Notification No. 12020032016IT, dated August 13, 2016. * **Garments (Special Advance Authorization Scheme):** 0.23% of FOB value of exports when the fabric (including interlining only) has been imported duty-free under the Special Advance Authorization Scheme, for all goods covered under Schedule II of Notification No. 12020032016IT, dated August 13, 2016. * **Made-ups:** 0.39% of FOB value of exports for all goods covered under Schedule III of Notification No. 12015472016IT, dated March 15, 2017. The final rates, effective from July 1, 2017, will be notified later based on the recommendations of the Drawback Committee, and benefits received under the interim rates will be adjusted in the final claim. The notification was issued by Pushpa Subrahmanyam, Additional Secretary, Ministry of Textiles.

Key Entities Referenced

Ministry of Textiles: The Indian government ministry responsible for formulating policy and coordinating regulations regarding the textile industry. New Delhi: The location of the Ministry of Textiles, and place of publication for the Gazette of India notification. Rebate of State Levies (ROSL) Scheme: A scheme for remission of state levies on export of garments through the mechanism of rebate which was subsequently extended to madeups. Goods and Services Taxes: A value-added tax levied on most goods and services sold for domestic consumption. Garments and Madeups: Goods that are eligible for the ROSL scheme. Special Advance Authorization Scheme: A scheme where fabric is imported duty free. Drawback Committee: Committee that makes recommendations to be notified later for final rate effective from 1.7.2017. Pushpa Subrahmanyam: Addl. Secy who notified the scheme.
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