About the Scheme 

• Under the Rebate of State and Central Taxes and Levies (RoSCTL) scheme, exporters are issued a duty credit scrip for the value of embedded taxes and levies contained in exported products.
• Exporters get rebate of central and state taxes and levies such as VAT on fuel used in transportation, central excise duty on fuel used in transportation, embedded GST paid on inputs, etc.
• Exporters can use this scrip to pay tax while importing equipment, machinery.

What’s in the news?

• The Ministry of Textiles has extended the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) till March 2024 to boost exports and job creation in the textile sector. 
• The RoSCTL Scheme helped in improving cost efficiency and export competitiveness in the international market. The scheme has provided a stable and predictable policy regime, helping boost exports and employment.

Reference:

1. https://newsonair.gov.in/News?title=Centre-extends-scheme-for-Rebate-of-State-and-Central-Taxes-and-Levies-till-March-2024&id=444195