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Export of garments gets one-time sop

Garments and made-ups exported between March 7 and December 31, 2019 will get a special one-time additional ad-hoc incentive of up to 1% of FoB (free on board) value.

The incentive will be implemented in the form of scrips, according to a Textiles Ministry notification.

The Textiles Ministry had notified a scheme for Rebate of State and Central Taxes and Levies (RoSCTL) on March 7, 2019 instead of the Rebate of State Levies (RoSL). The exporters were also getting nearly 4% benefit under the Merchandise Exports from India Scheme (MEIS).

According to the latest notification, the ad-hoc incentive is to ...

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