AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
Within the incentive package, the Ministry of Textiles has announced the Scheme for Rebate of State Levies on exports of made-up articles (the ROSL Scheme). The scheme provides refunds in the form of rebates of state-imposed levies on the export of made-ups. The Ministry's notification No. 12015/47/2016-IT published on 3 January 2017 notified the Scheme while a Notification of the same No. notified on 15 March 2017 specified rates of rebates. The rebate rates range from 2% to 4% of the FOB value with caps on maximum rebates of Rs. per kg. of exports. The rebate rates notified will be calculated on Free on Board value of the exported goods.
This Scheme will come into effect from 23 March 2017 and will be valid for a period of 3 years. The Scheme for Rebate of State Levies was already announced for the textiles sectors, except made-ups, in June 2016 (see related State Act).
The current Scheme has been rescindend and replaced with the Scheme for Rebate of State and Central Taxes and Levies on
Export of Garments and Made-ups with higher rates of Rebate, from March 2019 (see related State Act).
⚑ Please report this page in case you detect an inaccuracy in its content.