HEWA asks government to release RoSCTL dues for textile exporters
today Oct 9, 2019
The Home Textile Exporters' Welfare Association has asked the Union Government to release pending dues for textile exporters.
The HEWA has asked the government to release RoSCTL embedded export tax rebate scheme dues, the “Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups”, to allow textile exporters the capital to properly prepare for the upcoming Christmas festival season, the Press Trust of India reported. The organisation has claimed that many textile exporters have not yet received the seven months pending RoSCTL funds they are owed.
The organisation submitted a memorandum to this effect to the secretary of textiles Ravi Capoor in the capital on October 7. The HEWA stated that releasing RoSCTL funds will give exporters the liquidity they need to complete new orders and warned that, should the payments fail to be made on time, export businesses may be forced to cancel orders.
"Christmas festival sale is coming and Indian exporters have received orders from all over the world but due to pending RoSCTL and GST [goods and services tax] refunds, non-availability of credit from banks and cost escalation, the exporters are having lack of funds to fulfil orders on a timely basis," the organisation said in a statement, as reported by the Press Trust of India.