NCLAT: Consideration of Debt Restructuring by Lenders Doesn’t Bar Member from Initiating Proceedings  ||  Delhi High Court: In Matters of Medical Evaluation, Courts Should Exercise Restraint  ||  Delhi HC: Any Person in India Has Right to Legally Import Goods from Abroad and Sell the Same  ||  Delhi HC: Waiver to Section 12(5) of Arbitration Act to be Given Once Tribunal is Constituted  ||  Supreme Court Has Asked States to Regularise Existing Court Managers  ||  SC: Union & States to Create Special POSCO Courts on Top Priority  ||  SC Upholds Authority of CERC to Award Compensation for Delays  ||  SC: Arbitral Tribunal Has Discretion to Include in Sum Awarded, Interest at Rate as it Deems Reasonab  ||  SC: Cannot Use Article 142 to Frame Guidelines on Judicial Recusal  ||  SC: Satisfaction Recorder in One EP Won’t Affect Subsequent EPs for Future Breaches    

Centre Taking Steps to Promote Textiles and Apparel Exports: Mos Textiles- (Press Information Bureau) (12 Mar 2018)

MANU/PIBU/0442/2018

Civil

The Central Government has taken several steps to improve textile and apparel exports. It has enhanced rates of Merchandise Exports from India Scheme (MEIS) from 2 per cent to 4 per cent for apparel and made-ups with effect from 1st November, 2017. This information was given by the Minister of State for Textiles, Ajay Tamta in a written reply in the Rajya Sabha today. He said, the government has also revised post-GST rates of Rebate of State Levies (RoSL) Scheme implemented from 1st October, 2017 and exempted IGST on import under Advance Authorization and Export Promotion Capital Goods Scheme. The Minister further said that the Finance Ministry has been requested for allocation of appropriate funds under RoSL for one time settlement of exporters' claim and faster and complete refund of Input Tax Credit.

In Reply to another question, the MoS Textiles said major issues raised by apparel industry include delay in Input Tax Credit (ITC) refunds, reduction in rates of Rebate for State Levies (RoSL) Scheme, appreciation of Indian Rupee, high Interest Rate and lack of Preferential Market Access as compared to competing nations. He said, the Government has constituted a Committee on Exports under the Revenue Secretary of Ministry of Finance for evolving a suitable strategy for promoting exports post implementation of GST.

Tags : TEXTILES   PROMOTION   STEPS  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved