Question
Consider the following statements about RoSCTL
Scheme: 1. Recently Government extended the tenure of the Rebate of State and Central Levies and Taxes (RoSCTL) Scheme till 2025-26 2. This scheme was notified by the Ministry of Ports in 2019. 3. This scheme shall be implemented by the Department of Revenue, Ministry of Finance Which of the statements given above is/are not correct?Solution
Government extended the tenure of the Rebate of State and Central Levies and Taxes (RoSCTL) Scheme till 2025-26 It aims to reimburse all embedded State and Central taxes/levies for exports of manufactured goods and garments. RoSCTL scheme was notified by the Ministry of Textiles in 2019. However, the scheme shall be implemented by the Department of Revenue, Ministry of Finance
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