With reference to Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, consider the following statements:1.The scheme was announced as a replacement of the Merchandise Exports from India Scheme (MEIS).2.It was announced by the Ministry of Finance. 3.The scheme would refund to exporters the embedded central, state and local duties or taxes that were so far not being rebated or refunded.Which of the above statements is/are correct:

Q. With reference to Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, consider the following statements:
1.The scheme was announced as a replacement of the Merchandise Exports from India Scheme (MEIS).
2.It was announced by the Ministry of Finance.
3.The scheme would refund to exporters the embedded central, state and local duties or taxes that were so far not being rebated or refunded..
Which of the above statements is/are correct:

[A] 1 and 2

[B] 1 and 3

[C] 2 and 3

[D] 1, 2, and 3

Answer: B

Notes:

The scheme was announced in 2020 as a replacement for the Merchandise Export from India Scheme (MEIS), which was not compliant with the rules of the World Trade Organization.

The scheme would refund to exporters the embedded central, state and local duties or taxes that were so far not being rebated or refunded and were, therefore, placing India’s exports at a disadvantage.

It was announced by the Ministry of Commerce & Industry.

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS