Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
Associate PartnerAssociate Partner
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Home Textile Exporters Demand Govt to Release Pending Dues Since Last 7 Months

In March, the government had announced the Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups (RoSCTL) scheme which provides rebate on all embedded taxes on exports.

PTI

Updated:October 8, 2019, 6:36 PM IST
facebookTwitterskypewhatsapp
Home Textile Exporters Demand Govt to Release Pending Dues Since Last 7 Months
(Image for representation only)

New Delhi: The Home Textile Exporters' Welfare Association (HEWA) has demanded the government to release pending dues under a taxes and levies rebate scheme.

In March, the government had announced the Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups (RoSCTL) scheme which provides rebate on all embedded taxes on exports, but HEWA claimed exporters are yet to receive the refunds from this scheme which are pending since last 7 months.

"Christmas festival sale is coming and Indian exporters have received orders from all over the world but due to pending RoSCTL and GST refunds, non-availability of credit from banks and cost escalation, the exporters are having lack of funds to fulfill orders on a timely basis," the association said.

The association submitted a memorandum in this regard to Textiles Secretary Ravi Capoor on Monday here. The made-ups segment comprises of home textiles products such as bed linen, pillows and carpets. Under the scheme, maximum rate of rebate for apparel is 6.05 per cent while for made-ups, this goes up to 8.2 per cent.

"Release of RoSCTL will give instant liquidity to exporters to complete the pending as well as new orders," the association said in the memorandum.

It said that in case there is a delay in doling out the RoSCTL payments, it will lead to cancellation of orders.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Infosys 643.55 -16.19
Yes Bank 51.80 0.78
Bajaj Finance 4,034.15 -2.50
Reliance 1,414.15 -0.16
Indiabulls Hsg 218.00 -5.71
Company Price Change %Gain
Infosys 643.30 -16.21
Yes Bank 51.80 0.78
Indiabulls Hsg 218.20 -5.75
HDFC 2,115.95 0.98
Reliance 1,414.25 -0.07
Top Gainers
Company Price Change %Gain
Dr Reddys Labs 2,810.75 3.15
ICICI Bank 451.15 3.05
BPCL 534.10 2.65
Titan Company 1,329.45 2.22
Cipla 453.90 2.20
Company Price Change %Gain
ICICI Bank 451.15 3.06
Coal India 208.80 1.38
Power Grid Corp 204.95 1.18
Bajaj Auto 3,123.30 1.15
Hero Motocorp 2,673.40 1.04
Top Losers
Company Price Change %Gain
Infosys 643.55 -16.19
Tata Motors 131.75 -3.73
Bajaj Finserv 8,008.85 -3.11
HCL Tech 1,064.45 -2.83
Bajaj Finance 4,034.15 -2.50
Company Price Change %Gain
Infosys 643.30 -16.21
Tata Motors 131.90 -3.51
HCL Tech 1,064.45 -2.87
Bajaj Finance 4,031.95 -2.56
Bharti Airtel 374.20 -2.36

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results