Policy Continuity Brings Relief to MSMEs, Boosts Global Trade Confidence
New Delhi | Anytime News Network
In a strategic move to support India’s textile export sector amid global market uncertainties, the government has extended the Rebate of State and Central Taxes and Levies (RoSCTL) scheme until September 30, 2026. The extension, announced by the Ministry of Textiles, comes without any changes in the existing framework, ensuring policy stability for exporters.
The RoSCTL scheme plays a crucial role in reimbursing embedded taxes and duties that are not covered under other mechanisms, effectively reducing the cost burden on exporters. This helps Indian textile products remain competitive in international markets, especially at a time when global demand is fluctuating and cost pressures are rising.
Alongside this, the government has also continued the RoDTEP scheme for textile products not covered under RoSCTL, ensuring comprehensive support across the textile value chain. This dual-policy approach is expected to enhance export momentum and provide a stable business environment.
Industry experts believe that the extension will particularly benefit Micro, Small, and Medium Enterprises (MSMEs), which form the backbone of India’s textile export ecosystem. With improved policy predictability, the sector is likely to attract more investments and generate employment opportunities.
The move reinforces India’s commitment to strengthening its position in the global textile trade while supporting domestic manufacturers and exporters.
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