Ministry of Textiles issued an addendum to the Scheme for Rebate of State and Central Taxes and Levies on Export of Apparel/Garments and Made-ups

Feb 20, 2024 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Ministry of Textiles on February 19, 2024, issued an addendum to the Scheme for Rebate of State and Central Taxes and Levies on the Export of Apparel/Garments and Made-ups

The following has been stated namely: -

• This has a reference to Notification No. 12014/01/2023- TTP dated February 09, 2024, relating to the change in rate of Flexible Intermediate Bulk Containers (FIBC) under RoSCTL from ‘NIL’ to 2.3% subject to a cap of Rs 3.7 per Kg, applicable from the date of the Gazette Notification.

• The following is added to the above notification: The corresponding Drawback code for FIBC is 630501.

 

[Notification No. F. No. 12014/01/2023-TTP]


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