Govtmeasures to boost garment exports

The government has announced the post-goods and services tax (GST) rates for claiming rebate of state taxes under the scheme for Remission of State Levies (RoSL) on exports of readymade garments and made-ups, in a bid to support the outward shipments. The government has also doubled the rates for incentives under an export promotion scheme -- MEIS -- to 4 per cent for ready-made garments and made-ups.

In a series of tweets, Union Textiles Minister Smriti Irani said post-GST rates for remission of state levies/taxes and Enhanced Merchandise Exports from India Scheme (MEIS) rates will boost exports of garments and made-ups.

Garment exporters' body AEPC said the increase in MEIS rates will help in the fulfilment of orders for the Christmas festival as it will help in unblocking the blocked capital.