In a press release issued recently, Shri. Raja. M. Shanmugham, President of Tirupur Exporters Association (TEA) said that he was glad and thankful for the approval given today by Union Cabinet chaired by the Prime Minister, Shri Narendra Modi for continuation of Rebate of State and Central taxes and Levies (RoSCTL) with the same rates as notified by Ministry of Textiles vide notification dated 8th March 2019.
Shri. Raja. M. Shanmugham said he was continuously representing for the announcement of RoDTEP rates and also suggested to the Government to continue erstwhile RoSCTL, in case if there is a delay in announcement of RoDTEP rates and he was glad for his suggestion has been considered by the Government.
He welcomed the continuance of RoSCTL Scheme till 31st March 2024 and said the long-term scheme will be beneficial for the exporters to work out the costing accordingly, as the exporters usually take up the order 4 to 6 months in advance.
He was hopeful that the revised guidelines for continuation and implementation of the RoSCTL scheme would be announced at the earliest to submit application to avail the Scrips.