RoSL Incentive will be on Scrip Mode on the Lines of MEIS
[Notification No. 37/2015-2020 dated 6 October 2020]
Effect of this Notification: A new sub-para has been inserted in the Foreign Trade Policy, 2015-20 to give effect to the para 6.3 of the Ministry of Textiles Notification No. 14/26/2016-IT (Vol.II) dated 07-03-2019, as amended vide Notification No. 12015/11/2020-TTP dated 09.06.2020 regarding the issue of duty credit scrips under Scheme for Rebate of State Levies.
Subject: Addition of enabling provision related to the issue of scrips under Scheme for Rebate of State Levies (RoSL) as notified by the Ministry of Textiles.
S.O.(E). In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade Policy, 2015-20, the Central Government hereby makes the following amendment in the Foreign Trade Policy 2015-20 with immediate effect:
2. A sub-para (d) is inserted in para 4.01 of the Foreign Trade Policy, 2015-20 as below.
“(d) Scheme for Rebate of State Levies (RoSL), as notified in para 6.3 of Ministry of Textiles Notification No. 14/26/2016-IT (Vol.II) dated 07.03.2019 and as amended vide Notification No. 12015/11/2020-TTP dated 09.06.2020 will be implemented by the DGFT in scrip mode, for which procedure will be laid down separately.”
[Issued from File No. 01/61/180/14/AM21/PC-3]