Bhubaneswar, Feb. 1 -- The Union Cabinet, chaired by Prime Minister Narendra Modi, has granted approval for the extension of the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) for the export of apparel, garments, and made-ups until March 31, 2026.

This two-year extension aims to establish a consistent policy framework crucial for strategic trade planning, particularly in the textiles sector, known for advanced order placements and long-term deliveries.

The continuity of RoSCTL is expected to bring about predictability and stability in the policy landscape, alleviating the tax and levy burden and fostering a fair competition principle of "goods are exported and not domestic taxes."

Initially approved until March 31, 20...