Recently, the Apparel Export Promotion Council Board approached the Finance and Textile Ministers on the issue of GST refunds and government tax refunds (RoSL).
In the past, textile and apparel exports appear to have been hit hard by the Goods and Services Tax, which caused significant tensions in the industry. The Apparel Export Promotion Council issued a statement after meeting with ministers, and related ministers also showed a deep understanding of the issue and expressed a certain level of support.
Apparel Export Promotion Council said in a statement: In addition, the Ministry will expedite GST and RoSL refunds on a time basis. “
The council also said the minister had extended aid to the labor sector and said precise details and aid would be provided as soon as possible.
Chairman, AEPC, said in a statement: : “The industry has briefed the Treasury Secretary on the crisis facing the industry as a whole – built-in and reverse taxes are not considered eligible for reimbursement. Significant delays in obtaining GST/ROSL claims. With over 90% of apparel manufacturers operating in the MSME sector with limited financial capacity, this is creating devastating pressures across the industry segment.
What are the roles and merits of the Export Promotion Council?
- Upon joining, members will be issued an associated EPC Registration and Membership Certificate (RCMC).
- Claiming import and export advantages or concessions in foreign trade policy.
- Meet potential buyers by attending events organized by EPC.
- Stay abreast of the latest industry developments through informational events and activities hosted by the EPC for its members.
- Works with other government agencies to develop programs and initiatives that benefit exporters.
Export Promotion Council – Registration Procedure
Exporters are required to apply for an EPC appropriate to their products. A garment exporter must register with her AEPC.
After approval, the exporter receives her RCMC.
The following documents are required to register with the Export Promotion Council.
Digital Signature Certificate
Copy of IEC Code Certificate
– value in Rupees)
List of Partners/Directors with Resident Address
MSME Registration Certificate (if available)
can be found on the website. (Link provided below)
EPC memberships come in a variety of categories, including Life Her memberships, regular individual memberships, and corporate memberships.