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Q:

The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, recently seen in the news, is a WTO-compliant scheme of which ministry?

  • 1
    Ministry of Defence
  • 2
    Ministry of Agriculture
  • 3
    Ministry of Commerce
  • 4
    Ministry of Finance
  • Show Answer
  • Workspace

Answer : 3. "Ministry of Commerce"
Explanation :

The tea industry seeks higher rates under the RoDTEP scheme to boost export competitiveness. RoDTEP, a flagship export promotion scheme by India’s Commerce Ministry, refunds unrelated central, state, and local duties on inputs. Announced in September 2019, it replaced the MEIS scheme following a WTO ruling. Effective January 1, 2021, RoDTEP supports crucial export sectors to enhance competitiveness, create jobs, and promote economic growth, aiming for Aatmanirbhar Bharat.

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