{"id":93912,"date":"2025-06-01T12:00:06","date_gmt":"2025-06-01T12:00:06","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=93912"},"modified":"2025-06-01T12:00:06","modified_gmt":"2025-06-01T12:00:06","slug":"the-department-of-commerce-can-decide-matters-relating-to-grant-of-fis","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-department-of-commerce-can-decide-matters-relating-to-grant-of-fis\/","title":{"rendered":"The Department of Commerce can decide matters relating to grant of fis"},"content":{"rendered":"

The Department of Commerce can decide matters relating to grant of fiscal concessions in Special Economic Zones with the concurrence of<\/p>\n

[amp_mcq option1=”the Minister-in-charge of the Department” option2=”the Department of Economic Affairs” option3=”the Department of Revenue” option4=”the Parliament” correct=”option3″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC SO-Steno – 2017<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nMatters relating to the grant of fiscal concessions involve taxation and revenue. While the Department of Commerce is the nodal department for SEZ policy, decisions concerning fiscal matters, especially concessions, require the concurrence of the Department of Revenue within the Ministry of Finance.
\n<\/section>\n
\n– Fiscal concessions in SEZs typically involve exemptions or reductions in customs duty, excise duty, income tax, etc.
\n– The Department of Revenue is responsible for the administration of direct and indirect taxes in India.
\n– Any decision impacting government revenue requires consultation with and concurrence from the Ministry of Finance, specifically the Department of Revenue for tax-related matters.
\n<\/section>\n
\n– The SEZ Act, 2005 and SEZ Rules specify the framework for fiscal concessions, but administrative decisions and interpretations often require inter-ministerial consultation, particularly with the Ministry of Finance.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

The Department of Commerce can decide matters relating to grant of fiscal concessions in Special Economic Zones with the concurrence of [amp_mcq option1=”the Minister-in-charge of the Department” option2=”the Department of Economic Affairs” option3=”the Department of Revenue” option4=”the Parliament” correct=”option3″] This question was previously asked in UPSC SO-Steno – 2017 Download PDFAttempt Online Matters relating to … <\/p>\n

Detailed SolutionThe Department of Commerce can decide matters relating to grant of fis<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1095],"tags":[1101,1099,1172],"class_list":["post-93912","post","type-post","status-publish","format-standard","hentry","category-upsc-so-steno","tag-1101","tag-indian-polity-and-governance","tag-the-governance-system","no-featured-image-padding"],"yoast_head":"\nThe Department of Commerce can decide matters relating to grant of fis<\/title>\n<meta name=\"description\" content=\"Matters relating to the grant of fiscal concessions involve taxation and revenue. While the Department of Commerce is the nodal department for SEZ policy, decisions concerning fiscal matters, especially concessions, require the concurrence of the Department of Revenue within the Ministry of Finance. - Fiscal concessions in SEZs typically involve exemptions or reductions in customs duty, excise duty, income tax, etc. - The Department of Revenue is responsible for the administration of direct and indirect taxes in India. - Any decision impacting government revenue requires consultation with and concurrence from the Ministry of Finance, specifically the Department of Revenue for tax-related matters.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/the-department-of-commerce-can-decide-matters-relating-to-grant-of-fis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Department of Commerce can decide matters relating to grant of fis\" \/>\n<meta property=\"og:description\" content=\"Matters relating to the grant of fiscal concessions involve taxation and revenue. While the Department of Commerce is the nodal department for SEZ policy, decisions concerning fiscal matters, especially concessions, require the concurrence of the Department of Revenue within the Ministry of Finance. - Fiscal concessions in SEZs typically involve exemptions or reductions in customs duty, excise duty, income tax, etc. - The Department of Revenue is responsible for the administration of direct and indirect taxes in India. - Any decision impacting government revenue requires consultation with and concurrence from the Ministry of Finance, specifically the Department of Revenue for tax-related matters.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/the-department-of-commerce-can-decide-matters-relating-to-grant-of-fis\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T12:00:06+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Department of Commerce can decide matters relating to grant of fis","description":"Matters relating to the grant of fiscal concessions involve taxation and revenue. 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