Question

Major exports promotion scheme is/are:
(a) Cash Compensatory Scheme
(b) Duty Drawback Scheme
(c) Blanket Exchange Permit Scheme
(d) All of the above

Answer 1

Explanation:

Major exports promotion scheme is/are:

(a) Cash Compensatory Scheme

(b) Duty Drawback Scheme

(c) Blanket Exchange Permit Scheme

(d) All of the above✔✔

Answer 2

All of the above

Explanation:

In 1966, Cash Compensatory Support (CCS) was introduced in order to present compensation for un-rebated indirect taxes paid by exporters on higher freight rates, market development costs and inputs.

Duty Drawback System aimed to repay exporters for tariff paid on the imported materials and intermediates, and central excise duties paid on locally produced inputs which penetrate into export production.

Blanket Exchange Permit Scheme was introduced in June 1987 to give a major thrust to the export promotion drive of India.

All of the above were export promotion schemes.