CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Who is the head of Government Forms Panel Under RoDTEP Scheme for Exporters?

A	G Parande
B	Gautam Roy
C	G K Pillai
D	Nirmala Sitharaman

Explanation:

Detailed explanation-1: -The Government of India under the Ministry of finance, Department of Revenue has set up a three-member committee headed by Secretary (retired)G.K. Pillai for determination of ceiling rates under Remission of Duties and Taxes on Exported Products (RoDTEP) scheme.

Detailed explanation-2: -Shri G.K. Pillai, Chairman, RODTEP Committee.

Detailed explanation-3: -Under RoDTEP, various central and state duties, taxes, and levies imposed on input products, among others, will be refunded to exporters. The three-member committee is chaired by former secretary G K Pillai.

Detailed explanation-4: -The scheme is being implemented from 1st January 2021 and the rebate is issued as a transferable electronic scrip by the Central Board of Indirect Taxes & Customs (CBIC) in an end to end IT environment.

Detailed explanation-5: -Question: Are any governing regulatory bodies there for the RoDTEP? RoDTEP scheme is notified by the Department of Commerce. The Scheme shall be fully administered by the Department of Revenue. A separate RODTEP Policy Committee (RPC) chaired by DGFT is constituted to address residual issues related to the Scheme.

There is 1 question to complete.