Industry urges Government to clear pending RoSL claims
Tirupur Exporters’ Association (TEA) has urged the Ministry of Textiles to clear the Rebate on State Levies (RoSL) pending claims on urgent basis. According to the association, the RoSL claims of the last three months are yet to be cleared by the Government. The textile and apparel body also marked out that
RoSL is offered primarily to compensate for the embedded taxes which are not included in GST like petro products, electricity tax, Mundy tax and others. Raja M Shanmugham, Chairman, TEA marked out that the apparel export sector recently managed to register a positive trend after facing a declining trend for the last 12 months. He also added that the implementation of GST for garment export sector from 1st October 2017 affected the exports. The Chairman further said that he expects the positive trend to continue for the upcoming months. “Tirupur knitwear cluster’s pending RoSL goes up to Rs. 105 crore, 1.7 per cent Freeon-Board value of exports. The settlement of these pending claims will significantly benefit the exporting units at a time when they are operating under a very thin margin and are struggling to stay competitive in the price-conscious international market,” Shanmugham said.