{"id":267587,"date":"2023-11-03T19:52:50","date_gmt":"2023-11-03T14:22:50","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=267587"},"modified":"2023-11-03T19:52:50","modified_gmt":"2023-11-03T14:22:50","slug":"govt-likely-to-extend-rosctl-rebate-of-state-and-central-taxes-and-levies-scheme","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/govt-likely-to-extend-rosctl-rebate-of-state-and-central-taxes-and-levies-scheme\/","title":{"rendered":"Govt likely to extend RoSCTL (Rebate of State and Central Taxes and Levies) scheme"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article \u201c<\/span><b>Govt likely to extend <\/b><b>RoSCTL (Rebate of State and Central Taxes and Levies) scheme <\/b><b>\u201d <\/b><span style=\"font-weight: 400;\">published in <\/span><b>\u201cBusiness Standard\u201d on 3rd November 2023<\/b><\/p>\n<h2><b>Why in the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Government of India is likely to extend the <\/span><span style=\"font-weight: 400;\">Rebate of State and Central Levies and Taxes (RoSCTL) scheme till 2025-26.<\/span><\/p>\n<h2><b>What is the Rebate of State and Central Levies and Taxes (RoSCTL) Scheme?<\/b><\/h2>\n<table style=\"border-style: solid;\">\n<tbody>\n<tr>\n<td><b>Specifications<\/b><\/td>\n<td><b>Details<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Launched in\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">2019<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Nodal Ministry<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Ministry of Textiles<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Scheme it replaced<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Rebate of State Levies (RoSL) Scheme<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Aim<\/b><\/td>\n<td><span style=\"font-weight: 400;\">To rebate all embedded State and Central Taxes and Levies on garments and made-ups to enhance competitiveness of these sectors.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Validity of the scheme currently<\/b><\/td>\n<td><span style=\"font-weight: 400;\">March 31,2024<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Features<\/b><\/td>\n<td><span style=\"font-weight: 400;\">(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.<br \/>\n<\/span><span style=\"font-weight: 400;\">(2) The exporters can use the scrip to pay the tax while importing equipment and machinery.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>UPSC Syllabus:<\/strong> Schemes and Programs<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cGovt likely to extend RoSCTL (Rebate of State and Central Taxes and Levies) scheme \u201d published in \u201cBusiness Standard\u201d 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&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/govt-likely-to-extend-rosctl-rebate-of-state-and-central-taxes-and-levies-scheme\/\">Continue reading <span class=\"screen-reader-text\">Govt likely to extend RoSCTL (Rebate of State and Central Taxes and Levies) scheme<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,1760,956],"tags":[11872],"class_list":["post-267587","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-polity-and-nation","category-schemes-and-programs","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"","views":{"total":8,"cached_at":"","cached_date":1699055526},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/267587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=267587"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/267587\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=267587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=267587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=267587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}