Question

Ministry of Commerce and Industry has decided to extend the benefits of the export-boosting scheme Remission of Duties and Taxes on Exported Products (RoDTEP) to e-commerce exports.Which types of levies does the RoDTEP scheme refund to exporters?

A Only central levies Correct Answer Incorrect Answer
B Only state levies Correct Answer Incorrect Answer
C Only local levies Correct Answer Incorrect Answer
D Central, state, and local levies Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Ministry of Commerce and Industry has decided to extend the benefits of the export-boosting scheme Remission of Duties and Taxes on Exported Products (RoDTEP) to e-commerce exports. The RoDTEP scheme, which came into effect three years ago, refunds the embedded non-creditable central, state, and local levies paid on inputs to exporters. Right now, e-commerce exporters are not getting RoDTEP benefits. 

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