May 30: Union Minister Smriti Irani today said that sanctioning of pending IGST refunds will help clear dues worth Rs.2500 crore to textiles and apparel exporters.

“As a vast majority of apparel units fall under the MSME sector, a sanction of pending IGST refund claims will invigorate the industry and give a much-needed boost to exports,” Irani said in a Tweet.

She said the sanction of pending IGST refund claims will help to clear outstanding IGST amount of approximately Rs 2,500 crore against textiles and apparel exports as enunciated by export promotion councils.

“Interim solution is a big relief for exporters. Decision taken subsequent to our meeting with Export Promotion Councils on Sunday is a testimony to the speed of governance & Government of India’s commitment towards an exponential growth of textiles sector,” the Textiles Minister said.

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Representatives from Apparel Export Promotion Council had on Sunday raised issues related to blockage of GST refunds and delay in disbursal of Rebate on State Levies (RoSL) dues in a meeting with Finance Minister Piyush Goyal and Irani.

Click here to read the original article at India Today.

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