Surat : In what is seen as a major boost to the exports of made-up productions from country’s largest man-made fabric (MMF) hub in Surat during the covid times, the Central Government has approved the continuation of the Rebate of State and Central Taxes and Levies (RoSCTL) till March 31, 2024.
Surat is the largest MMF textile hub in the country and its zari craft is famous world over. The textile hub is the largest manufacturer and exporter of synthetic and blended shawls, scarves, handkerchiefs, mufflers, duppatas, etc.
Exports of MMF made-ups such as MMF shawls, scarves, handkerchiefs, mufflers, etc. made out of polyester, nylon, viscose and their blends are eligible for 4.75% RoSCTL rates with a cap of Rs. 19.4 per piece which will make exports from Surat globally competitive.
Industry leaders said the continuation of the RoSCTL scheme till 2024 is going to give a big boost to exports of these made-up products from Surat region.
Dhiraj Shah, chairman of Synthetic and Rayon Export Promotion Council (SRTEPC) said, “The council had urged the Central Government to extend the RoSCTL scheme to boost the MMF textile export from India. Surat’s textile entrepreneurs have a chance to utilise the benefits of the RoSCTL Scheme more productively and multiply their exports by availing the benefits under the Scheme.”
According to Shah, the RoSCTL scheme has been approved by the Union Cabinet under the leadership of Prime Minister Narendra Modi.
Government’s decision to continue the RoSCTL Scheme is a well thought out step in the right time when the major labor-intensive segment in textile industry such as the made-ups has been severely impacted due to covid-19 pandemic, said Shah.
“The made-ups segment is one of the segments in the textiles industry that employs mostly women and the extension of the RoSCTL will empower the women workforce.” Shah added.