IGNOU IBO 4 2026 - Refund of central excise is an important fiscal incentive for import p

Question

Refund of central excise is an important fiscal incentive for import promotion.

12 Feb 2026

Answer :

Word Count : 196

Refund of central excise plays a vital role in promoting imports by providing fiscal relief to businesses involved in international trade. This system allows exporters to claim refunds on excise duties paid on goods that are subsequently exported. By eliminating the cost burden of excise duties, it encourages manufacturers and traders to be more competitive in the global market.

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