Economics · Economy

Under the Indian excise duty framework, what is the primary objective of levying the National Calamity Contingent Duty (NCCD)?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1To provide a standard abatement for products under MRP-based valuation
2To fund the technological modernization of the CENVAT credit system
3To generate a dedicated fund specifically for disaster management✓
4To provide financial incentives for the production of essential medical supplies

Correct answer

To generate a dedicated fund specifically for disaster management

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