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Source: The post is based on the article “Govt likely to extend RoSCTL (Rebate of State and Central Taxes and Levies) scheme ” published in “Business Standard” on 3rd November 2023
Why in the News?
The Government of India is likely to extend the Rebate of State and Central Levies and Taxes (RoSCTL) scheme till 2025-26.
What is the Rebate of State and Central Levies and Taxes (RoSCTL) Scheme?
| Specifications | Details |
| Launched in | 2019 |
| Nodal Ministry | Ministry of Textiles |
| Scheme it replaced | Rebate of State Levies (RoSL) Scheme |
| Aim | To rebate all embedded State and Central Taxes and Levies on garments and made-ups to enhance competitiveness of these sectors. |
| Validity of the scheme currently | March 31,2024 |
| Features | (1) The rebate under the Scheme shall be given to the exporter in the form of duty credit scrips which will be maintained in the electronic duty credit ledger. (2) The exporters can use the scrip to pay the tax while importing equipment and machinery. |
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