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Post-GST rates Notified to boost exports and employment generation in the labour intensive textiles and apparel sector

Delhi 

Post-rates Notified to boost and employment generation in the labour intensive textiles and apparel sector

In order to support of readymade garments and made-ups, Government vide Notification No. 14/26/2010- IT dated 24th November 2017 has notified post-rates under the scheme for Remission of State Levies (RoSL) on of readymade garments, made-ups and under AA-RoSL for garments.

Post-rates of RoSL are upto a maximum of 1.70% for cotton garments, 1.25% for MMF, Silk and Woolen garments and 1.48% for apparel of blends. Rates are upto a maximum of 2.20% for cotton made-ups, 1.40% for MMF and silk made-ups and 1.80% for made-ups of blends. For sacks and bags made of jute, the rate is 0.60%. The RoSL rate for garments under AA-AIR combination is 0.66%.

Notification of post-RoSL rates for rebate of state levies/taxes is in pursuance of the decision of Government of India to boost and employment generation in the labour intensive textiles and apparel sector. The Notification is in supersession of Notification No 14/26/2016-IT dated 28.9.2017. These rates shall be effective from 01.10.2017. Further, DGFT has enhanced the rates under the Merchandise from India Scheme (MEIS) from 2% to 4% on readymade garments and made ups w.e.f 1st November 2017 till 30th June 2018. These measures are expected to boost the of garments and made-ups from India.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 25 2017. 00:20 IST