📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      The EEZ Policy announced under the Fisheries budget

      states that fish caught by Indian-flagged vessels in India's EEZ or high seas will be treated in which manner? 
      A Subject to import duty when landed at Indian ports; treated as domestic produce when landed abroad Correct Answer Incorrect Answer
      B Duty-free at Indian ports; treated as exports when landed abroad Correct Answer Incorrect Answer
      C Subject to standard customs duty; eligible for export subsidy when landed abroad Correct Answer Incorrect Answer
      D Duty-free only when landed at designated fishing harbours in India Correct Answer Incorrect Answer
      E Exempt from all taxes only if processed within 48 hours of landing Correct Answer Incorrect Answer

      Solution

      The EEZ Policy clearly states that fish caught in India's EEZ or high seas by Indian-flagged vessels will be treated as duty-free when landed at Indian ports and as exports when landed abroad. This policy provides significant incentives for deep-sea fishing operations by Indian vessels.

      Practice Next
      More Current Agriculture Questions
      ask-question