Department of Revenue to Provide Budget Support for ROSL after 7.3.2019 to Clear Back log

· Cut-off Date Revised to 7.3.2019 from 1.4.2019

[Ministry of Textiles Notification dated 9 June 2020]

Sub: Scheme to Rebate State and Central Embedded Taxes to Support the Textile Sector

F.No. 12015/11/2020-TTP.—Ministry of Textiles hereby makes the following amendments in its Notification No. 14/26/2016-IT (Vol.II) dated 7th March, 2019:-

Para 6.1 of the above said notification may be read as under:

6.1 “The RoSCTL scheme shall be implemented by issuing Duty Credit Scrip by DGFT in line with the Duty Credit Scrip issued under MEIS”.

[Previous para was “ 6.1. The ROSCTL shall be implemented through a Merchandise Exports from India Scheme (MEIS) type scrip system.]

Para 6.3 of the above said notification may be read as under:

6.3 “DGFT would be issuing the Duty Credit Scrips for RoSL also over and above the budget provision for the shipments made prior to 07.03.2019 only. The allocation of RoSL over and above budget provision for issuing scrips, would be provided by the Department of Revenue for such old cases which could not be disbursed due to budget limitation.

[Previous para was “ 6.3. DGFT would be issuing the scrips for RoSCTL over and above budget provision for the shipping bills of the period before 01.04.2019 only. The allocation for RoSL over and above budget provision for issuing scrips, would be provided by the Department of Revenue for such old cases which could not be disbursed due to budget limitation.]