Textile exporters bat for fine tuning of RoSCTL scheme to retain edge

The discount on tradeable scrips has gone up from 3% to about 20%, benefitting importers who are taking undue advantage at the cost of exporters, says industry

The Indian textile industry will rapidly lose its global export competitiveness if imbalances in the Rebate of State and Central Taxes and Levies (RoSCTL) scheme are not addressed immediately, said Apparel Export Promotion Council (AEPC).

RoCTL was launched in 2021 with the intention of making India’s textile industry competitive and strengthening its exports. However, the scheme in its current form is eroding the export margins of the domestic textile industry, AEPC said in a statement.

The RoSCTL scheme provides rebate against the taxes and levies already paid by exporters on inputs. This rebate has been converted into tradeable scrips that