CURRENT AFFAIRS

Detailed explanation-1: -13.08. 2021 decided to continue the RoSCTL Scheme w.e.f. 01st January 2021 till 31st March 2024 for apparel/garments (under Chapter 61 and 62) and Made-ups (under Chapter 63) in exclusion of RoDTEP for these Chapters with the rates, as notified by the Ministry of Textiles vide Notification no.

Detailed explanation-2: -An initiative called the Rebate of State and Central Levies and Taxes (RoSCTL) Scheme aims to reimburse all embedded State and Central Taxes/Levies for exports of manufactured goods and garments. Importer-Exporter Codes (IECs) are necessary in order to apply for the RoSCTL programme.

Detailed explanation-3: -Centre Extends RoSCTL Scheme Till March 31, 2024 For Export Of Apparel/Garments And Made-Ups. The central government has extended the Rebate of State and Central Taxes and Levies (RoSCTL) Scheme till March 31, 2024 for the export of apparel or garments and made-ups.

Detailed explanation-4: -Who is eligible for the RoSCTL scheme? Merchants or manufacturer-exporters who are directly exporting garments and apparel that are manufactured in India are eligible for this scheme. However, businesses listed in the ‘Denied Entity List of DGFT’ cannot avail of the benefits of this scheme1.

Detailed explanation-5: -While RoDTEP (Remission of Duties and Taxes on Exported Products) Scheme is in accordance with paragraph 4.01(e) of the Foreign Trade Policy, RoSCTL (Rebate of State and Central Taxes and Levies) scheme is in accordance with para 4.1 (c) of FTP read with Government of India, Ministry of Textiles’ Notification No.