______________ facility entitles firms to produce goods without payment of excise and other duties.

EPCG

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Duty drawbacks

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Export manufacturing under bond scheme

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Neither of the above

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Solution

The correct option is C Export manufacturing under bond scheme
Export manufacturing under bond scheme facility entitles firms to produce goods without payment of excise duties and other duties. the duties that are paid for the export goods are also refunded under duty drawback scheme.

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Similar questions

Q. Goods meant for export are subjected to payment of various excise and custom duties.

Explain with the help of diagrams the effect of the following on the supply of a good:
(i) A rise in the rate of excise duty.
(ii) An increase in the price of other goods.

Q. Excise duty is a:

Q. Excise duty on goods manufactured in the country is debited to __________.

Q. Assertion (A): Non-factory manufacturing units produce goods without having any extensive factory system.

Reason (R): The factories operate on a small scale and low capital, so they are also called small-scale manufacturing businesses.

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______________ facility entitles firms to produce goods without payment of excise and other duties.

The correct option is C Export manufacturing under bond schemeExport manufacturing under bond scheme facility entitles firms to produce goods without payment of excise duties and other duties. the duties that are paid for the export goods are also refunded under duty drawback scheme.

The correct option is C Export manufacturing under bond scheme
Export manufacturing under bond scheme facility entitles firms to produce goods without payment of excise duties and other duties. the duties that are paid for the export goods are also refunded under duty drawback scheme.