A
Neither 1 nor 2
B
2 only
C
Both 1 and 2
D
1 only
Correct answer: (d) 1 only
Explanation
Statement 1 is correct because the Ministry of Commerce and Industry consults with the Ministry of Finance regarding the RoDTEP scheme, which refunds non-GST embedded taxes like fuel excise and electricity duty. Statement 2 is incorrect because reimbursements are issued as electronic duty credit scrips managed by the Central Board of Indirect Taxes and Customs (CBIC), not as direct physical cash transfers by RBI.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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