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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