In­dus­try urges Gov­ern­ment to clear pend­ing RoSL claims

Apparel Online - - INDUSTRY LIVE -

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.

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