With reference to the Remission of Duties and Taxes on Exported Products RoDTEP consider following s...........

Economic Affairs Tax System

With reference to the Remission of Duties and Taxes on Exported Products (RoDTEP), consider following statements

Select the correct statement.

1 only

2 only

Both

None

Remission of Duties and Taxes on Exported Products (RoDTEP) has replaced the Merchandise Export from India Scheme (MEIS).
RoDTEP is a scheme for exporters to reimburse taxes and duties paid by them such as value added tax, coal cess, mandi tax, electricity duties and fuel used for transportation, which are not getting exempted or refunded under any other existing mechanism.Hence statement 2nd is incorrect.

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