Apparel Export Promotion Council (AEPC) and Tiruppur Exporters Association (TEA) jointly organized a meeting recently.
The meeting was held to guide export companies on the procedures for submitting data required to convince the government of India to continue the RoSCTL scheme through which the exports claim refunds of central and state taxes levied on the production of ready-made garments for export.
Padmashri Sakthivel, Vice Chairman of AEPC and Honorary Chairman of TEA, delivered the chief guest address. He highlighted that while the World Trade Organization continues to urge India to reduce export concessions, the central government is taking proactive measures to support exporters and enhance competitiveness against other countries.
Discussions focused on the refund of central and state taxes incurred at various stages of export production-particularly indirect taxes such as transport, fuel, and packaging well as the potential for increasing these benefits. Emphasis was placed on the need for exporters to study the feasibility of sustaining these incentives and submit the necessary documentation.
Chopra, Consultant at ICCH, provided a detailed explanation of the data submission requirements.
Earlier in the meeting, Thirukumaran, General Secretary, TEA welcomed the attendees, and Gopalakrishnan, Treasurer, proposed the vote of thanks.
Kumar Duraisamy, Joint Secretary, TEA and Easwarasundhar, Regional Director, AEPC were also present, along with export managers from over 60 leading companies, including Eastman Exports, KPR Mills Limited, Best Corporation and SP Apparels.
