Textile Delegation Met Textile Minister and Requested to release the pending ( Rebate of State & Central Taxes And Levies Scheme) RoSCTL.
Delegation of Home Textile Exporters’ Welfare Association (HEWA) Shri Anant Srivastava and Shri Vikas Singh Chauhan met with Hon’ble Textile Minister Smt Smriti Zubin Irani on 05.09.2019 at Udyog Bhawan, New Delhi and informed her about the hardship being faced by textile exporters. They requested Hon’ble Textile Minister to release the pending RoSCTL and informed her about other export related issues.
Representatives of Home Textile Exporters’ Welfare Association (HEWA) Shri Anant Srivastava and Shri Vikas Singh Chauhan met with Hon’ble Textile Minister Smt Smriti Zubin Irani on 05.09.2019 at Udyog Bhawan, New Delhi.
Home Textile Exporters’ Welfare Association (HEWA) is working continuously for the benefit of and safeguarding the interests of Small and Medium Exporters in Textile sector. As we all are aware that due to various Global factors there is a sense of slowdown, Export is going down despite bulk orders coming in India.
The office bearers of the Home Textile Exporters’ Welfare Association (HEWA) brought below points in the kind notice of Hon’ble Minister of Textile:
- Release of Pending RoSCTL can bring major jump in Export Sales in 3rd Quarter.
Christmas festival season sale is coming and Indian exporter have received orders from all over the world but due to pending GST Refunds, non availability of credit from banks, and cost-escalation, the exporters are having lack of funds to fulfil the order on timely basis.
On 07.03.2019, the Govt. Of India had announced very good scheme RoSCTL which provides rebate on all embedded taxes on exports, but exporters are yet to receive the funds from this scheme which is pending since last 6 months.
Release of RoSCTL will give instant liquidity to exporters to complete the pending as well as new orders. This will directly give a boost in the export sales.
In case there is a delay in doling out the RoSCTL payments, it will lead to cancellation of order. Exporters are having very less time to complete the pending orders as already shipment of Christmas started.
Timely shipment will bring export proceeds in India and new orders will come for summer season whereas delay in shipment will lead to further distress in the Industry.
- Stopping of Export Consignment by Custom Authorities due to slight difference in BRC amount.
It has been seen that most of the exporters have slight difference in the realised value of (BRC) and shipping bill FOB value. Many a times buyer also deduct some payment in the name of sample, courier, delay, inspection, CBM mismatch charges from the Bill value.
Many exporters have brought this issue to our knowledge that their IEC have been put on alert and they are unable to send export shipments.
This hardship for the exporters is signalling a wrong message before buyer community, due to which the credibility of exporters is declining. Exporters are also losing their orders due to stoppage of Export Consignment at various ports, which is further creating a negative mouth wording for Make in India Brands in world market.
Therefore we request Government to allow variation upto 5% in the Shipping Bill value and Foreign Inward Remittance realized value, removal of alert from the IECs having difference amount from BRC not more than 5%.
HEWA’s humble suggestion before the Govt. Of India is that a single window must be opened in Banks to clear all dues at the time of issuance of BRC in case the difference of Foreign Inward Remittance realized value is more than 5%.
The body further said that Hon’ble Textile Minister Smt Smriti Zubin Irani assured all possible support from Government to enable growth in exports of Textile.