Background:
Earlier, Notification No. 14/26/2016-IT dated March 07, 2019 notified Rebate of State and Central Taxes and Levies scheme (“RoSCTL scheme”) for a period upto March 31, 2020. RoSCTL Scheme is introduced to enhance the competitiveness of these sectors at notified rates and value caps.
Subsequently, Notification No. 12015/11/2020-TPP dated April 17, 2020 was issued so as to continue the RoSCTL scheme w.e.f. April 01, 2020 until such time the RoSCTL Scheme is merged with the Remission of Duties and Taxes on Exported Products Scheme (“RoDTEP scheme”).
Notification:
The Central Government, Ministry of Textiles vide Notification bearing File no. 12015/11/2020-TTP dated August 13, 2021 has further continued Rebate of State and Central Taxes and Levies scheme (“RoSCTL scheme”) on Export of Apparel/ Garments and made-ups in exclusion of RoDTEP.
This notification shall remain in force till March 31, 2024 for apparel/ garments (Chapter 61 and 62) and Made-ups (Chapter 63) with the rates as notified vide Notification no. 14/26/2016-IT dated March 08, 2016.
Rebate under RoSCTL scheme shall be in the form of transferable Duty Credit Scrip which can be used for making payment of Basic Customs Duty.
The procedure regarding the mechanism of rebate, over-claim, duration, assessment, etc. can be accessed at: http://www.a2ztaxcorp.com/wp-content/uploads/2021/08/RoSCTL-Notification.pdf