Port Wings News Network:
Tirupur Exporters Association (TEA) has appealed to the Government of India to clear the ROSL pending claims expediently.
In a media statement on 29 November, Shri Raja M Shanmugham, President, TEA, said Rebate on State Levies (ROSL) claims have not been cleared to the garment sector for the past three months and added that ROSL is given mainly to compensate the embedded taxes like petro products, electricity tax, Mundy tax etc., which have been not included in GST.
Shri. Raja M Shanmugham pointed out that the garment export sector after passing through a declining trend for the past one year, further to implementation of GST for garment export sector from 1st October 2017 has recorded a reversing positive trend only in the last month October 2018 and hoped the trend would continue in the coming months also.
Shri. Raja M Shanmugham said for Tirupur knitwear cluster alone, the pending ROSL claims, 1.7% FOB value of exports, works out to Rs. 105 Crore and the settling of the pending claims will be helpful to the exporting units at a time when the units are operating under wafer thin margin and struggling to sustain in the price conscious global market, as they have to compete against the countries which are enjoying Duty free status in the EU and US Markets. It is a fact that the exporting units are taking various measures to cut down their costs to be competitive in the world market.
Shri. Raja M Shanmugham said he has made an appeal to Smt. Smriti Zubin Irani, Hon’ble Union Minister of Textiles, Ministry of Textiles and Shri. Raghvendra Singh IAS., Secretary, Ministry of Textiles to clear the ROSL pending claims expediently.