Q. With reference to the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme consider the following statements:
1.It covers reimbursement of duties and taxes which are levied at central, state and local level and are not refunded under any other mechanism.
2.The scheme is based on the principle that taxes and duties should not be exported and it should be either exempted or remitted to exporters.
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation –

Statement 1 and 2 are correct. RoDTEP scheme covers reimbursement of duties and taxes which are levied at central, state and local level and are not refunded under any other mechanism. The scheme is based on the principle that taxes and duties should not be exported and it should be either exempted or remitted to exporters.

Source: PIB