Q24. Which of these schemes fall under export promotion schemes in India?

1. Export promotion capital goods scheme

2. Special economic zones

3. Duty-free import authorization scheme

a) 1 and 2 only

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b) 1 and 3 only

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c) 1 only

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d) All of the above

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Solution

The correct option is D
d) All of the above

The complaint of the United States Trade Representative (USTR) is that India is violating its commitments under the Agreement on Subsidies and Countervailing Measures (SCM Agreement) using five of the most used export promotion schemes, namely, the export-oriented units scheme and sector-specific schemes, including

Electronics hardware technology parks scheme,

Merchandise exports from India scheme,

Export promotion capital goods scheme,

Special economic zones and

Duty-free import authorization scheme

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Similar questions

Q23. Consider the following statements about Merchandise Exports from India Scheme (MEIS):

1. It was introduced to promote exports.

2. The idea is to offset the infrastructural inefficiencies faced by exports of specified goods and to provide a level playing field.

Which of the statements are correct?

List and explain various incentives and schemes that the government has evolved for promoting the country's export.

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