Textile sector is among the largest contributors to India’s exports with 13 per cent of total exports. The year 2017 turned out to be a mixed bag for the textiles sector. In November, the Textiles Ministry notified post-GST rates under the scheme for Remission of State Levies (RoSL) on exports of readymade garments & madeups. For garments, the rates range between 1.25 per cent and 1.70 per cent and for made-ups between 1.40 per cent and 2.20 per cent effective from October. The government also enhanced the rates under Merchandise Exports from India Scheme (MEIS) on readymade garments and made-ups from 2 per cent to 4 per cent. The rates will be applicable between November 1, 2017 and June 30, 2018.

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