The refund of excise duties paid on the export goods is known as ________.

EPCG

No worries! We‘ve got your back. Try BYJU‘S free classes today!

EXIM

No worries! We‘ve got your back. Try BYJU‘S free classes today!

duty drawbacks

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

neither of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D duty drawbacks
Duty drawback compensates or refunds exporters for the duties paid on inputs used to manufacture, the excise duties paid for the export of the products.

Suggest Corrections

Similar questions

Which of the following do not form part of duty drawback scheme?

(a) Refund of excise duties

(b) Refund of custom duties

(d) Refund of income dock charges at the port of shipment

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. If final goods attracts an excise duty of Rs. 8000 and Rs. 1050 has already been paid on inputs then the firm will pay the 7000 towards excise duty. It is paying tax according to

Q. If final good attracts an excise duty of Rs. 8000 and Rs. 1000 has already been paid on inputs then the firm will pay the Rs. 7,000 towards excise duty. It is paying tax according to________.

Join BYJU'S Learning Program

The refund of excise duties paid on the export goods is known as ________.

The correct option is D duty drawbacksDuty drawback compensates or refunds exporters for the duties paid on inputs used to manufacture, the excise duties paid for the export of the products.

The correct option is D duty drawbacks
Duty drawback compensates or refunds exporters for the duties paid on inputs used to manufacture, the excise duties paid for the export of the products.