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PRESIDENT'S MESSAGE

We have been representing continuously to clear the pending claims of RoSL, MEIS benefits and GST refund as the units are facing liquidity crisis and the banks are also not supporting fully to bail them out of the crisis. We also understand that more number of units have even not received RoSL benefit for the period January and February 2019 also.

Moreover, after announcement of RoSCTL on 7th March 2019, the units have factored the incentives while working out the costing and at this juncture, the Hon’ble Finance Minister’s had made an announcement on continuance of old RoSL at 1.7% only till December 2019 and in that case the exporting units margin get affected significantly.

The clarity is still needed on the RoSCTL and we hope the Central Government would provide the clarification soon and end the confusion. .... Read More

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