Cabinet extends rebate of taxes & levies on apparel exports till March 2024. The rebate of taxes on exports of apparel, garment & made-ups will be applicable. Rebate will be at the same rate as notified by Textiles Ministry in March.

This is said to boost investment improve the competitiveness of domestic firms in the textiles sector.

RoSCTL will continue with the same rates as notified by the ministry of textiles vide Notification dated March 8, 2019; w.e.f January 1, 2021 on exports of apparel/garments (Chapters-61 & 62) and made-ups (Chapter-63) in exclusion from Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for these chapters.

"The other textiles products (excluding Chapters-61, 62 & 63) which are not covered under the RoSCTL shall be eligible to avail the benefits, if any, under RoDTEP along with other products as finalised by department of commerce from the dates which shall be notified in this regard," an official release said.

The scheme shall be implemented by the department of revenue with end to end digitisation for issuance of transferrable Duty Credit Scrip, which will be maintained in an electronic ledger in the Customs system, the release added.