Q. Consider the following statements about the Scheme to Promote Manufacturing of Electric Passenger Cars in India:
1.The Ministry of New and Renewable Energy is the nodal ministry of the scheme.
2.The scheme allows importing an electric-4-wheeler at a reduced custom duty.
3.The scheme aligns with India’s national goals of achieving Net Zero by 2070.
How many of the above statements are correct?
Answer: B
Notes:
Explanation: Statements 2 and 3 are correct
Statement 1 is incorrect: The Ministry of Heavy Industries is the nodal ministry of the scheme.
Statement 2 is correct: The approved Applicants will be allowed to import CBUs of e-4W manufactured by global Group Companies with a minimum CIF value of USD 35,000 at reduced customs duty of 15% for a period of 5 years from the Application Approval Date.
Statement 3 is correct: This landmark initiative aligns with India’s national goals of achieving Net Zero by 2070, fostering sustainable mobility, driving economic growth, and reducing environmental impact.
Source: PIB
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