New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Consider the following Statements and choose the option

    with Correct Statements. I- The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme is operationalised by the Ministry of Commerce and Industry. II- The RoDTEP 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. III- It was started in January 2021 as a replacement for the Merchandise Export from India Scheme (MEIS), which was not compliant with the rules of the World Trade Organisation.
    A Only I Correct Answer Incorrect Answer
    B I & II Correct Answer Incorrect Answer
    C I & III Correct Answer Incorrect Answer
    D Only III Correct Answer Incorrect Answer
    E I, II & III Correct Answer Incorrect Answer

    Solution

    The RoDTEP 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. The rebate under the scheme would not be available in respect of duties and taxes already exempted or remitted or credited. It was started in January 2021 as a replacement for the Merchandise Export from India Scheme (MEIS), which was not compliant with the rules of the World Trade Organisation.  

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