New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Government lowered the export obligation under a key

    incentive scheme Export Promotion Capital Goods (EPCG) for 192 products whose exports had declined by more than ____ per cent in the financial year 2022.
    A 4 Correct Answer Incorrect Answer
    B 5 Correct Answer Incorrect Answer
    C 6 Correct Answer Incorrect Answer
    D 7 Correct Answer Incorrect Answer
    E 8 Correct Answer Incorrect Answer

    Solution

    The Government lowered the export obligation under a key incentive scheme namely Export Promotion Capital Goods (EPCG) for 192 products whose exports had declined by more than 5 per cent in the financial year 2022. These products include certain kinds of silver, precious metals and concentrates, revolvers and pistols, wrist watches, citrus fruits and some textiles and the move is likely to bring respite to their exporters. Other goods eligible for the relief are spices such as ginger and turmeric, woven cotton fabrics, cheese and curd, paint varnishes, garments, and tomatoes

    Practice Next

    Relevant for Exams: