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Master stroke of Govt before elections Will industry gain benefit ???? Indian Union Cabinet finally announced their approval of the Scheme to Rebate State and Central Embedded Taxes to support the textile and apparel. The scheme will enable the Government to take various measures for making exports of apparel and made-ups zero rated in order to help the exporters in terms of their competitiveness. Textiles Secretary, Raghvendra Singh shared that the decision was needed as incentives for apparel and made-ups under the Merchandise Exports from India Scheme (MEIS) were not WTO compatible anymore beyond 31st December, 2018. Apparel and made-ups segments are already supported under the Scheme for Rebate of State Levies (RoSL). Under RoSL, the Centre gives garment exporters refunds against all the levies they shell out at the state level. Read More on www.perfectsourcing.net

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