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Policy▲ Bullish for Indian equities
India extends apparel export tax rebate scheme by three months
The brief
- RoSCTL for apparel and made-ups will continue until December 31 at existing rates
- Continued rebates support Indian apparel and textile exporters, including listed garment makers
- MCX receives GST notice proposing ₹103 crore tax, interest and penalty for FY23
- ESOP tax treatment uncertain as courts differ on pre-exercise payouts
- India reduces windfall taxes on diesel and jet fuel exports
- Centre cuts windfall tax on diesel, ATF exports from October 1
- PNGRB bats for level playing field across EV, CNG and LNG vehicles
RoDTEP and RoSCTL export tax refunds
The government planned to extend the RoDTEP scheme before its September 30 deadline. It is considering nearly ₹2 trillion in exporter tax refunds over five years through RoDTEP and RoSCTL.
Wednesday, 30 September
- India extends apparel export tax rebate scheme by three months