Garment exporters of Rajasthan have expressed apprehension over loss of 15 per cent of their margins due to Rebate of State and Central Taxes and Levies (RoSCTL) and are seeking amendment to its structure.
Like their other counterparts across the country, exporters foresee a decline in export competitiveness given the situation.
Explaining the matter, Vimal Shah, President of Garment Exporters Association of Rajasthan (GEAR), said “The textile industry wants the Government to restart cash reimbursement instead of these tradable scrips, as these scrips are trading at 20 per cent discount.”
The demand has been in line with the Government’s intention, which was always to reimburse the exporters but due to the discounting of scrips, the purpose and intent of this entire scheme is defeated, said the exporters.
Across the country, apparel exporters have been continuously raising their voices to effect a change in the RoSCTL.
