Question

    Who announced the extension of the Remission of Duties

    and Taxes on Exported Products (RoDTEP) Scheme support to additional export sectors in New Delhi?
    A Narendra Modi Correct Answer Incorrect Answer
    B Dharmendra Pradhan Correct Answer Incorrect Answer
    C Piyush Goyal Correct Answer Incorrect Answer
    D Shaktikanta Das Correct Answer Incorrect Answer
    E Asif Ali Zardari Correct Answer Incorrect Answer

    Solution

    • Union Minister of Commerce and Industry Piyush Goyal announced the extension of the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme support to additional export sectors in New Delhi . • The extension of the RoDTEP Scheme support to additional export sectors like Advance Authorisation (AA) holders, Export Oriented Units (EOU) and Special Economic Zones (SEZ) export units.  • This decision comes in recognition of the significant contribution these sectors make to India’s Exports, constituting approximately 25 percent of exports.  • Amidst global economic uncertainties and supply chain disruptions, extending RoDTEP to the uncovered sectors such as AA, EOU, and SEZ units will help the exporting community in handling the international headwinds.  • The RoDTEP Scheme is a key initiative by the Government of India aimed at refunding various embedded taxes and duties on exported products.

    Practice Next

    Relevant for Exams: