The government has approved the continuation of the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) with the same rates as announced by the Ministry of Textiles for exports of apparel/garments and made-ups until March 31, 2024 in an effort to increase exports and create jobs in the textile industry. RoSCTL is a growth-oriented, forward-looking programme that has helped increase exports and jobs by establishing a stable and predictable policy environment.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The programme enhanced cost effectiveness and export competitiveness on the global market. Additionally, it has aided in the development of startups and entrepreneurs in the industry and encouraged a significant number of MSMEs to enter the garment export market. The RoSL (Rebate of State Levies) scheme was superseded by the new RoSCTL (Rebate of State and Central Taxes Levies) plan in March 2019 following the implementation of GST in 2017.
Important Takeaways For All Competitive Exams:
Find More News on Economy Here
Did you know India is home to some of the tallest and most powerful dams…
Indian Railways has achieved an important milestone by launching the country’s first LNG–Diesel dual-fuel DEMU…
Andhra Pradesh has taken a strong and positive step to support women entrepreneurs by planning…
The world’s two most populous nations and Asia’s largest economies have reached a historic trade…
In February 2026, Elon Musk achieved a historic milestone by becoming the first individual on…
Shri Divakar Jayant, a distinguished officer of the Indian Naval Armament Service (INAS), officially assumed…