Garments, made-ups sectors likely to get lower duty reimbursement RoDTEP scheme

摘要

Input duty reimbursement for exporters of garments and made-ups under the new RoDTEP scheme may be lower than the rates under the previous RoSCTL scheme if the government finds it difficult to meet the needs of all other entitled sectors with the available resources, officials said. Last year, the Textiles Ministry had extended the Rebate of State and Central Taxes and Levies (RoSCTL) on export of garments and made-ups, which offers reimbursement of input taxes at 6 per cent or more of the exported value, till a time the Remission of Duties and Taxes on Exported Products (RoDTEP) was implemented. It was said that the rates were likely to remain the same under RoDTEP. "The problem is that with the limited budget for RoDTEP, at around ￥13,000 crore annually, it will be very difficult to provide the RoSCTL rates to the textile sector as it would take up around ￥7,000 crore. The government will be left with less than half the amount for all other sectors," the official said.