Question

Q. Recently, the GK Pillai committee was in the news. It is related to:

• A. Production linked incentives
• B. Remission of Duties or Taxes on Export Product (RoDTEP)
• C. Free trade negotiations with European union
• D. None of the above

Answer 1

The correct option is B Remission of Duties or Taxes on Export Product (RoDTEP)

Explanation:

GK Pillai committee was constituted to recommend changes in Remission of Duties or Taxes on Export Product (RoDTEP)

The RoDTEP Scheme allows exporters to receive refunds on taxes and duties that are not exempted or refunded under any other scheme.

• Under the scheme, exporters receive refunds on the embedded taxes and duties previously non-recoverable.
• The chief aim of the scheme is to boost the export of goods that were poor in volume.
• The scheme basically replaces the Merchandise Export from India Scheme (MEIS).
• The scheme provides for rebates of Central, State, and Local duties/taxes/ levies which are not refunded under any other duty remission schemes.
• The RoDTEP scheme can be said to be a combination of the MEIS and the Rebate of State and Central Taxes and Levies (RoSCTL).
• Under this scheme, a refund would be claimed as a percentage of the Freight On Board (FOB) value of exports.