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  9. Q3

HPSC HCS 2024 · Question 3 of 100

Consider the following statements regarding the Scheme for Remission of Duties and Taxes on Exported Products (RODTEP): 1. It provides a mechanism for exemption of taxes, duties, and levies on exported goods. 2. The scheme is WTO-compatible and is being implemented in an end-to-end IT environment. How many of the statements given above are correct?

Economy

  1. A1 only
  2. B2 only
  3. CBoth 1 and 2Correct
  4. DNone

Answer: C. Both 1 and 2

Explanation

RoDTEP remits embedded central, state and local taxes/duties on exported products that are not refunded elsewhere, and it is WTO-compatible and run end-to-end on IT (duty-credit e-scrips). Both statements are correct.

Source: HPSC HCS Prelims Paper-I held 11 Feb 2024 (freejobalert PDF)

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