With reference to the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) consider the following statements:1.The RoDTEP scheme is designed to make Indian exports more competitive in the global market.2.It is a scheme that imposes duties and taxes on exported products.3.The tax refund rates under the scheme range from 0.5% to 4.3% depending on the sector and the product.Which of the statements given above is/are correct?

Q. With reference to the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) consider the following statements:
1.The RoDTEP scheme is designed to make Indian exports more competitive in the global market.
2.It is a scheme that imposes duties and taxes on exported products.
3.The tax refund rates under the scheme range from 0.5% to 4.3% depending on the sector and the product.
Which of the statements given above is/are correct?

[A] 1 only

[B] 1 and 2 only

[C] 2 only

[D] 1 and 3 only

Answer: D

Notes:

Explanation –

Statements 1 and 3 are correct. The RoDTEP scheme is designed to make Indian exports more competitive in the global market. The tax refund rates under the scheme range from 0.5% to 4.3% depending on the sector and the product.

Statement 2 is incorrect. The RoDTEP scheme is a scheme that provides rebates on certain duties and taxes paid on goods exported from India. It does not impose duties and taxes on exported products.

Source: ForumIAS

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