ROSL

AcronymDefinition
ROSLRoyal Over-Seas League (UK)
ROSLRoyal Oak Sandlot League (Royal Oak, MI)
References in periodicals archive ?
The largest component of the package were rebates on state levies (ROSL) to offset indirect taxes levied by the states (the VAT) that were embedded in exports.
Members of the ROSL gain access to the clubhouse next to the Ritz hotel, with en suite bedrooms, restaurants, bar and a garden.
(106.) Karl T, Seibert N, Stohr M, Osswald H, Rosl F, Finzer P.
TEXPROCIL would also request the Government to include cotton yarn and fabrics under the ROSL scheme as these products also face the incidence of state levies as in the case of made-ups and garments.
A special package of Rs.6000 crore was launched in 2016 to promote investment, boost exports and employment generation (estimated 1.11 crore jobs) in apparel and made-ups sectorwith three main components viz., (i) Remission of State Levies (ROSL) full refund of the State level taxes paid by the exporters; (ii) production linked additional incentive of 10% under the Amended Technology Up-gradation Fund Scheme (ATUFS) and (iii) full employers contribution (12%) of the Employees Provident Fund (EPF) under the PradhanMantriParidhanRozgarProtsahanYojana (PMPRPY)for a period of three years w.e.f 1st April,2018 to employees of garment industry who are earning less than Rs.
During this process, the customs department has been able to correct 8,000 shipping bills of the exporters involving about Rs 143 crore of IGST and Rs 194.75 crore of Rebate of State Levies (RoSL), till June 8.
Lahoti pointed out in the meeting that even though the exports of cotton textiles have shown an increase of 7 percent during the previous financial year 2017-18 and reached USD 11 Bn, it has the potential to reach USD 20 Bn in the next 5 years, if the Government were to support the sector with a few policy measures like refund of embedded taxes (which has also been recognised by the Economic Survey for the year 2017-18), extending the innovative Refund of State Levies (ROSL) scheme which refunds state levies like VAT on fuel used in transportation (raw materials, finished goods and factory workers) and generation of captive power, Mandi tax, Duty on electricity, Stamp duties on export documents etc.
Government has launched a special package of Rs.6000 crore in 2016 to boost investment, employment generation of around 1.11 crore jobs and exports in the garmenting and made-ups sector with the following components viz., (i) full refund is provided under Remission of State Levies (ROSL) to the exporters for the State level taxes; (ii) production linked additional incentive of 10% is provided under the Amended Technology Up-gradation Fund Scheme (ATUFS) and (iii) full employers contribution (12%) of the Employment Provident Fund (EPF) is provided under the PradhanMantriParidhanRozgarProtsahanYojana (PMPRPY) for a period of three years w.e.f 1st April,2018 to employees of garment industry who are earning less than Rs.
Apart from this, the CBIC chief said Rs 16,680 crore duty drawback was disbursed to exporters during the period from July 1 last year to March 31, while approximately Rs 1,833.25 crore was disbursed to exporters against remission of state levies (RoSL) claims during FY 2017-18.
Government has launched a special package of Rs.6000 crore in 2016 to boost investment, employment generation of around 1.11 crore jobs and exports in the garmenting and made-ups sector with the following components viz., (i) full refund is provided under Remission of State Levies (ROSL) to the exporters for the State level taxes; (ii) production linked additional incentive of 10% is provided under the Amended Technology Up-gradation Fund Scheme (ATUFS); and (iii) full employers contribution (12%) of the Employees Provident Fund (EPF) is provided under the Pradhan Mantri Paridhan Rozgar Protsahan Yojana (PMPRPY) for a period of three years w.e.f 1st April,2018 to employees of garment industry who are earning less than Rs.
Shri Lahoti expressed hope that the increased funds allocated for the textile sector will cover fabrics also under the ROSL scheme.
The largest component of this package were rebates on state levies (ROSL) to offset indirect taxes levied by the states (the VAT) that were embedded in exports.