Economics · Economy
Consider the following statements regarding export promotion schemes in India: Statement I: The Rebate of State and Central Taxes and Levies (RoSCTL) Scheme is designed to ensure zero-rating of exports by reimbursing embedded State and Central taxes on apparel and made-up exports. Statement II: The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme provides remission of unrefunded taxes across a wide range of sectors through transferable electronic duty credit scrips. Statement III: Both RoSCTL and RoDTEP are structured to eliminate the cascading effect of taxes on exports, thereby improving global competitiveness of Indian products. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement II nor Statement III is correct.
- 2Only one of the Statements II and III is correct, and that explains Statement I.
- 3Both Statement II and Statement III are correct, but only one of them explains Statement I.
- 4Both Statement II and Statement III are correct, and both of them explain Statement I.✓
Correct answer
Both Statement II and Statement III are correct, and both of them explain Statement I.
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