Government has notified post-GST rates for claiming rebate of state levies or taxes under the scheme for Remission of State Levies (ROSL) on exports of ready made garments, made-ups and under AA-RoSL for garments. <br/><br/>In a series of tweets, Minister of Textiles Smriti Irani on Saturday said that announcement on post-GST rates of RoSL will be effective from 1st of October this year. She said, post-GST rates for RoSL will boost exports and generate employment in labour intensive textiles and apparel sector. <br/><br/>Post-GST rates of RoSL are upto a maximum of 1.7 per cent for cotton garments, 1.25 per cent for man made fibre(MMF), silk and woolen garments and 1.48 per cent for apparel of blends. <br/><br/>Rates are upto a maximum of 2.2 per cent for cotton made-ups, 1.4 per cent for MMF and silk made-ups and 1.8 per cent for made-ups of blends. For sacks and bags made of jute, the rate 0.6 per cent. <br/><br/>Mrs Irani said government has also enhanced rates for incentives for garments and made-ups from 2 per cent to 4 per cent of value of exports under Merchandise Exports from India Scheme (MEIS). New MEIS rates will be effective from 1 of Nov 2017 to June next year. <br/><br/>She said the enhanced MEIS rates will further boost exports of garments and made ups from India. <br/><br/>AIR correspondent reports that the estimated annual incentives will be over one thousand 143 crore rupees for 2017-18 and 685 crore rupees for 2018-19.
News On AIR | November 25, 2017 8:41 PM
Govt notifies post-GST rates for claiming rebate of taxes on exports of ready made garments