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      Question

      Consider the following about Export Promotion Capital

      Goods (EPCG) Scheme:         I.            It is a trade promotion scheme implemented by the Indian government.       II.            It allows the duty-free import of capital goods for the purpose of export production in India.     III.            It was first operationalized on 1 April 2015. Which of the above statement is/are correct?
      A I only Correct Answer Incorrect Answer
      B II only Correct Answer Incorrect Answer
      C III only Correct Answer Incorrect Answer
      D I and II both Correct Answer Incorrect Answer
      E I, II and III Correct Answer Incorrect Answer

      Solution

      About Export Promotion Capital Goods (EPCG) Scheme: ·         It is a trade promotion scheme implemented by the Indian government. ·         It allows the duty-free import of capital goods for the purpose of export production in India. ·         It was first operationalized on 1 April 2015.

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