20/8/2016
Source: Fibre2Fashion
The Union ministry of textiles has notified the rebate of state levies, which were not refunded earlier to the garment exporters, as announced in the special package for garment sector.
The rebate shall be given under the 'Scheme for rebate of state levies on export of garments 2016'. The scheme will come into effect from September 20, 2016 and will remain in operation for a period of three years.
For the scheme, the amount of rebate shall be calculated using the FOB value of the garment exported.