Practice Test

Q1) Custom Duty payable of Rs. 1094.70 shall be rounded off as: Show Answer

Q2) Beneficial Owner means any person Show Answer

Q3) Compute custom duty from the following: Value of goods - Rs. 2,00,000; Bill of Entry presented on 01-02-2018 and Rate of BCD 10.00%; Entry Inwards on 02-02-2018 and Rate of BCD 8.00%. Show Answer

Q4) Compute custom duty: Value of goods Rs. 50000; Presentation of Bill of Entry: 01-02-2018 & Rate of BCD is 10%. Entry Inwards is on 28-01-2018 with rate of BCD 8.00%. Show Answer

Q5) Compute export duty: Value of goods: Rs. 2,00,000; Rate of Export Duty 10% on date of passing of let export order and 20% on date of goods crossing territorial waters of India. Show Answer

Q6) Computer manufactured in India and exported to US and re-imported in India for repairs within ______ years are exempt from customs duty, if re-exported within _____ years. Show Answer

Q7) Gaurav manufactured and exported goods worth Rs. 5,00,000 to Uday of UK paying export duty @ 5%. The said goods are rejected in 2 months and returned back. Duty on imports is 11% (including SWS) on similar goods. On re-import, Mr. Gaurav is liable to: Show Answer

Q8) Goods belonging to importer are obtained clearance [Value Rs. 500,000 and Duty Rs. 11,000], while they are in transport, importer finds them damaged and their residual value is Rs. 100,000. The reason for damage is seepage of sea water while they were in the ship. Determine Duty payable Show Answer

Q9) Value of imported goods Rs.900. Duty leviable @10%. SWS is 10% of BCD. Duty payable is: Show Answer

Q10) Refund claim for refund of export duty is to be filed within: Show Answer

Q11) Proper officer means (with reference to Section 26A of Customs Act) Show Answer

Q12) Importer must pay demand u/s 18(3) on finalization of provisional assessment with interest @ ________. Show Answer

Q13) If amount of refund on provisional assessment is not refunded within ______ from the date of assessment of duty finally, or re-assessment of duty, there shall be paid an interest on such unrefunded amount @ _______ till date of refund of such amount. Show Answer

Q14) The following is NOT the Proper officer for assessment u/s 17 is: Show Answer

Q15) Goods infringing following Intellectual Property Rights (IPR) are NOT covered by Intellectual Property Rights (Imported Goods) Enforcement Rules, 2007 Show Answer

Q16) Transaction Value means Show Answer

Q17) 1,00,000 MT goods are imported for Rs. 10 lakh but goods actually received are 95,000 MT. In this case, value of goods liable to duty is Show Answer

Q18) Assessable value of goods is Rs. 5,00,000 (US $10,000 at Rs. 50 per US $) as per bill of entry for warehousing and BCD is 15%. The goods were cleared from warehouse on date when BCD is 10% and exchange rate is Rs. 60 per $. IGST & GST Cass is NIL and Social Welfare Surcharge is 10%. Total duty = Show Answer

Q19) Which of the following persons is not a 'related' person? Show Answer

Q20) The value of imported goods shall include the following charges or costs: Show Answer

Q21) The value of imported goods shall NOT include the following charges or costs: Show Answer

Q22) Determine the value (before insurance/freight): Cost of material Rs. 1,00,000; Commissions and brokerage (inclusive Buying commissions] of Rs. 5,000; Buying commissions Rs. 2,000; Cost of packing Rs. 15,000. Show Answer

Q23) Which amount is added to value of imported goods, if Indian importer supplies raw materials to foreign exporter for manufacturing imported goods and Indian importer has acquired it from unrelated seller? Show Answer

Q24) Which amount is added to value of imported goods, if Indian importer supplies materials to foreign exporter for manufacturing imported goods and said materials were previously used by Indian importer? Show Answer

Q25) Calculate Free on Board value from following: Ex-factory price of exporter- Rs. 10,000; Expenses upto loading of goods by foreign exporter- Rs. 12,000. Post importation cost- Rs.8000. Show Answer

Q26) Calculate Custom Free on Board value from following : Ex-factory price of exporter- Rs. 10,000; Expenses upto loading of goods by foreign exporter- Rs. 12,000; Post importation activity cost (included in ex-factory price) - Rs.8000; Cost under Rule 10(1)- Rs.5,000 (not included earlier). Show Answer

Q27) Calculate Cost of transport/handling under Rule 10(2)(a) if FoB and insurance cost (total) is $ 5000. Show Answer

Q28) Calculate Cost of insurance under Rule 10(2)(b) if FoB and transport/handling is $15,000. Show Answer

Q29) Compute customs value: CIF Value US $ 12,000; Air Freight & Handling paid US $ 4,000; Insurance cost US $ 1,400. US $ 1 = Rs. 45.5. Show Answer

Q30) From following data, find out the assessable value of imported goods: Cost of the machine at the factory of the exporting country- $ 5,000; Transport charges incurred by the exporter from his factory to the port for shipment- $ 250; Handling charges paid for loading the machine in the ship- $25; Buying commission paid by the importer- $25; Freight charges from exporting country to India (including handling charges $ 100) - $500. Exchange rate to be considered: 1 $ = Rs. 45 Show Answer

Q31) Compute value: Machinery imported from USA by air (FOB price) - $8,000; Accessories compulsorily supplied along with the machinery $ 2,000; Air freight $2400; Insurance charges not available; Local agent's commission to be paid in Indian Currency- Rs. 18,600; Exchange rate US $ 1 = Rs. 48. Show Answer

Q32) Which of following deductions is allowed from value of imported goods vide rule 7 (deductive value) ? Show Answer

Q33) Determine price to be taken for computing deductive value in rule 7: Sale quantity- 30 units @ Rs.90, 50 units @ Rs.95, 25 units @ Rs. 105, 40 units @ Rs. 100. Show Answer

Q34) Computed value DOES NOT consist of Show Answer

Q35) The proper officer shall have the powers to raise doubts on the truth or accuracy of the declared value based on certain reasons which may include Show Answer

Q36) The Tariff lists all the possible goods has been classified in sections. Show Answer

Q37) "Tariff item" means a description in the list of tariff provisions accompanying Show Answer

Q38) Latter the better rule for classification falls under: Show Answer

Q39) Akin rule for classification falls under: Show Answer

Q40) Goods are classified based on how they are known in market. This principle is called: Show Answer

Q41) Which of the following is NOT a condition to apply preferential rate of duty? Show Answer

Q42) Which of the following is NOT condition for Levy of duty at a lower rate under a trade agreement u/s 5-? Show Answer

Q43) What are the minimum investment criteria for Project Imports? Show Answer

Q44) Compute Total import duties of customs: Assessable Value = Rs. 2,00,000. BCD- 10%, Integrated Goods and Services Tax (IGST)-28%, Social Welfare Surcharge - 10%, and Compensation chess- 12%. Show Answer

Q45) Normal/Landed Value = Rs. 2,00,000; Export Price = Rs. 1,50,000. Assume import duties at Rs. 20,000. Rate of Anti-dumping Duty proposed 40% of export price. Determine maximum anti-dumping duty Show Answer

Q46) Rate of interest under Customs (Import of Goods at concessional rate of duty) Rules is Show Answer

Q47) "Person-in-charge" means, in relation to a railway train Show Answer

Q48) Which of the following report are required to be furnished by the person-in-charge of a vessel, or an aircraft, or a vehicle, carrying imported goods or export goods? Show Answer

Q49) Which of the following is not a content of Import manifest? Show Answer

Q50) If "Arrival Manifest/Import Manifest" or import report or any part thereof, is not delivered to proper officer within time specified, then penalty may be levied upto: Show Answer

Q51) For which of the following NIL declaration is also mandatory Show Answer

Q52) Import/Export Goods are not to be unloaded or loaded except under supervision of Show Answer

Q53) Ship arrives at customs port on 11-6-2018. Bill of Entry is filed on 14-6-2018. Duty payable on goods is Rs. 7,000, The charges for late presentation, if any, of Bill of Entry are: Show Answer

Q54) Ship arrives at customs port on 11-6-2018. Bill of Entry is filed on 19-6-2018. Ignore holidays. Goods are exempted from customs duty. The charges for late presentation, if any, of Bill of Entry are: Show Answer

Q55) Any authorised person who contravenes any provision or who fails to comply with any provisions of Bill of Entry Regulations, 2018, shall be liable to a penalty which may extend to Show Answer

Q56) What is the interest free period allowed u/s 47(2) for payment of duty in case of self-assessment? Show Answer

Q57) What is the interest free period allowed u/s 47(2) for payment of duty in case of reassessment? Show Answer

Q58) Importers paying customs duty of Show Answer

Q59) Due date on which the importer shall pay import duty in the case of self-assessment is Show Answer

Q60) Which of the following is the due date on which the importer shall pay import duty in case of assessment, reassessment or provisional assessment? Show Answer

Q61) Which of the following is the due date in case of deferred payment of duty for goods corresponding to B/E returned for payment from 1st to 15th day of a month? Show Answer

Q62) What is the maximum period of storage (without considering the extensions) allowed for warehousing without warehousing u/s 49? Show Answer

Q63) Which of the following information is NOT required in Notice of short export of goods? Show Answer

Q64) If exporter who fails to comply with provisions of notice of short-export within 7 days in respect of goods not so exported, a penalty of shall be imposed Show Answer

Q65) Which of the following condition is NOT required to be fulfilled for allowing transit/transshipment without payment of duty? Show Answer

Q66) If imported goods remain in a warehouse beyond 90 days from date on which proper officer has made an order u/s 60, the applicable rate of interest in this case is Show Answer

Q67) Warehoused goods shall be taken out of a warehouse if Show Answer

Q68) Compute Value for levy of IGST & GST Cass from following : Value of imported goods Rs. 100 Lakhs. Basic Customs Duty u/s 12 Rs. 12 lakhs. Special CVD, Protective Duty, Anti-dumping duty Rs. 10 lakhs Show Answer

Q69) Which of the following goods are NOT classified as 'volatile goods' for section 70 of Customs Act? Show Answer

Q70) Where any drawback payable to a claimant u/s 74 or 75 is not paid within Show Answer

Q71) Where any drawback payable to a claimant u/s 74 or 75 is not paid within time-limit, then interest shall be leviable at the rate @ Show Answer

Q72) If drawback of Rs. 2 lakh is paid by Department to assessee erroneously on 1-5-2018 and it is demanded by Department on 15-6-2018 and paid by the assessee on 11-8-2018 (within 2 months from date of demand), then, interest would be Show Answer

Q73) What is the rate of duty drawback, if the goods are exported without use? Show Answer

Q74) Which of the following is the time limit for re-exportation of goods as such for drawback u/s 74? Show Answer

Q75) Which of following is rate of Drawback if period between date of clearance for home consumption & date to when goods are placed under Customs control for export is upto 3 months? Show Answer

Q76) What is the 'ate of Drawback if period between date of clearance for home consumption & date to when goods are placed under Customs control for export is more than 3 months but upto 6 months? Show Answer

Q77) Import dul paid in respect of a motor car by Mr. K for personal and private use is Rs. 50,000. Mr. K used that mote car for 2.5 months. Calculate Drawback to be allowed in this case: Show Answer

Q78) Drawback import duty shall be allowed when they are exported out of India after use Show Answer

Q79) S Ltd. imported 10 computer systems paying duty Rs. 60 lakh. Due to some problems, computer systems were returned a foreign supplier after 5 months without using them at all. Duty drawback is: Show Answer

Q80) Aamir imputed a mote car For his personal use and paid Rs. 4,00,000 as import duty. The car is re-exported after 0 months andi7 days. Duty drawback is: Show Answer

Q81) Meena imported a music player for official use from Dubai and paid Rs. 25,000 as import duty. She used it for four months but re-exports the same after four months. Duty drawback is- Show Answer

Q82) Which of the following documents are required to be filed along with drawback claim application? Show Answer

Q83) Calculate drawback allowed: Export value of such goods or class of goods = Rs. 25,000. Notified value addition is 80%. Value of imported materials = Rs. 15,000. Drawback is 5% of FoB. Determine drawback: Show Answer

Q84) An exporter who has already filed duty drawback claim under All Industry Rates (AIR), cannot file an application for fixation of Show Answer

Q85) Value of Personal Computer is Rs. 1,10,000 and Personal Effects is Rs. 60,000 and duty-free allowance is Rs. 1,00,000. What is the value of the baggage liable to duty? Show Answer

Q86) After visiting UK for 10 days, Mr. K brought to India a laptop computer valued at Rs. 76,000, personal effects valued at Rs. 1,20,000 and a personal computer for Rs. 1,22,000. What is the customs Duty payable? Show Answer

Q87) Mr. S resident of India, returned back to India from London after 2 years of stay and brought jewellery Rs. 42,000 (18 grams). Duty payable by Mr. S: Show Answer

Q88) Drawback allowable on fuel and lubricating oil taken on board any foreign-going aircraft as stores is: Show Answer

Q89) Mr. C brings 175 Cigarettes from London. Sticks eligible for GFA are: Show Answer

Q90) Adjudicating authority means any authority competent to pass any order/decision but does not include Show Answer

Q91) Board may delegate power to appoint officers of customs to: Show Answer

Q92) The Central Government may, by notification in the Official Gazette, entrust either conditionally or unconditionally any functions of the Board or any officer of customs under this Act to any officer of Show Answer

Q93) Audit under Customs Laws does not include Show Answer

Q94) The proper officer may carry out audit Show Answer

Q95) "Premises" for the purposes of conduct of audit u/s 99A includes Show Answer

Q96) Auditee has to preserve and make available relevant documents for the following period Show Answer

Q97) Before start of audit under Customs, the proper officer shall give advance notice not less than Show Answer

Q98) Any auditee, who contravenes provisions of regulations made under section 99A is liable to penalty of: Show Answer

Q99) Redemption fine imposed u/s 125 must be paid within Show Answer

Q100) The time-limit for completion of audit at premises of the auditee is within 30 days from Show Answer

Q101) Power of Customs officer to Search any person within Indian customs waters, if he has secreted any goods liable to confiscation or any documents relating thereto is provided in section Show Answer

Q102) Section 101 does not apply to: Show Answer

Q103) There is a delay in furnishing information return for 5 days. However, no notice was issued to the concerned person by the proper officer. The penalty leviable is: Show Answer

Q104) Assessable value Rs. 1, 00,000, Total duty payable Rs. 20,000, Market value Rs. 1, 10,000. Calculate maximum redemption fine that can be levied on such goods: Show Answer

Q105) "Controlled delivery" procedure may be adopted for: Show Answer

Q106) Section 123 does not apply to Show Answer

Q107) Maximum number of adjournments that can be granted in adjudication are: Show Answer

Q108) The time-limit for issuance of notice u/s 28 in non-evasion cases is: Show Answer

Q109) The consultation process provided in Pre-notice Consultation Regulations, 2018 is concluded within Show Answer

Q110) Duty involved in an evasion matter is Rs. 95.80 only. The amount to be collected is: Show Answer

Q111) Duty involved in an evasion matter is Rs. 1 lakh only. The notice was received on 1-1-2019 and payment in full with interest and penalty is made on 30-1-2019. Determine the penalty Show Answer

Q112) "Relevant date" in a case where duty is not levied or not paid or duty is short-levied or short-paid, or interest is not charged on goods cleared by proper officer is Show Answer

Q113) Where the duty is recoverable under section 28, the interest shall be charged at Show Answer

Q114) A refund of Rs. 10,000 was granted to an assessee on 1-10-2018. The refund is reduced in appeal to Rs. 2,000 vide appellate order dated 12-12-2018. The amount to be recovered from assessee on 13-12-2018 is (with interest, if any): Show Answer

Q115) A notice on ground of evasion was issued demanding duty Rs. 50,000 for 5 year Rs. The demand is held valid on point of law but invocation of extended period of 5 years is set aside on ground that there was no evasion. The amount of duty payable in this case by the importer is Show Answer

Q116) A notice on ground of evasion was issued on 1-6-2018. The time-limit for completion of adjudication is Show Answer

Q117) The application for the refund of duty or interest shall be made by a person, other than importer, before the expiry of Show Answer

Q118) "Instrument", defined under section 28AAA, does not cover: Show Answer

Q119) Penalty equal to 100% is levied on Show Answer

Q120) In the case of an offence relating to evasion or attempted evasion of duty exceeding Rs. 50 lakh, imprisonment can be upto Show Answer

Q121) "Culpable mental state" includes Show Answer

Q122) If any person convicted of an offence u/s 135(1) is again convicted of offence, punishment shall be Show Answer

Q123) Interest on refund not paid within 3 months from receipt of application is allowed at: Show Answer

Q124) "Authorised representative" means Show Answer

Q125) Applicant does NOT cover Show Answer

Q126) The Authority shall pronounce its advance ruling in writing within of the receipt of application Show Answer

Q127) For service of notice for recovery of any duty not paid/levied due to advance ruling, the period beginning with the date of such advance ruling ending with the date of the order declaring advance ruling to become shall be excluded: Show Answer

Q128) The Authority (CAAR) or Appellate Authority (AAAR) shall have all the powers of a civil court under the Code of Civil Procedure, 1908, for the purpose of exercising its powers regarding following EXCEPT Show Answer

Q129) The applicant filing application under Settlement Commission must have Show Answer

Q130) Amount of settlement ordered by Settlement Commission shall not be duty admitted by applicant. Show Answer

Q131) Upon receipt of application, settlement commission shall issue notice within from receipt of application to explain in writing as to why application made by him should be allowed to proceed with. Show Answer

Q132) Duty accepted by applicant in his application for settlement application must Show Answer

Q133) Adjudication order dated 2-12-2018 was dispatched on 7-12-2018 and received by Petitioner on 9-12- 2018. Meanwhile, assessee filed settlement application on 5-12-2018. Is settlement application valid? Show Answer

Q134) The settlement order shall provide for Show Answer

Q135) No settlement for goods falling u/s Show Answer

Q136) The Principal Commissioner or Commissioner shall furnish the report within a period of the receipt of communication from the Settlement Commission. Show Answer

Q137) Commissioner or Commissioner (Investigation) has to complete inquiry directed by Settlement Commission within. Show Answer

Q138) Application for Advance Ruling shall be made in Show Answer

Q139) Application for Advance Ruling shall be accompanied by a fee of Show Answer

Q140) An applicant may withdraw advance ruling application within from the date of the application. Show Answer

Q141) What is the site of Drawback if period between date of clearance for home consumption & date to when goods are placed under Customs control for export is more than 6 months but not more than 9 months Show Answer

Q142) What is the site of Drawback if period between date of clearance for home consumption & date to when goods are placed under Customs control for export is more than 9 months but not more than 12 months Show Answer

Q143) What is the site of Drawback if period between date of clearance for home consumption & date to when goods are placed under Customs control for export is more than 12 months but not more than 15 months Show Answer

Q144) Section 110 have levied _______ on imported goods which is a duty of customs levied for the purpose of the union on the goods specified in the first schedule with the Customs Tariff Act, 1975 being goods imported into India. Show Answer

Q145) Find from the following list which are treated as Port under the provisions of the Customs Act, 1962:
Show Answer

Q146) Duty Drawback under the Customs Act, 1962 shall be allowed on the imported goods, where such imported goods are being used for a period of eight months before the same were re-exported @ ......... Show Answer

Q147) Self-assessment of duty as per section 17 of the Customs Act, 1962 is being done by Importer and Exporter relating to the goods subject to duty and after final assessment of duty if any, amount refundable is not refunded within ......... from the date of assessment of duty finally there shall be paid an interest on such un-refunded amount by Central Government. Show Answer

Q148) The offences committed under the Customs Act, 1962 are having the criminal liability as well as civil liability. However, the offences involving duty evasion of more than Rs .......... or/and of ........... are non bailable offences under criminal liabilities. Show Answer

Q149) As per Rule 3(1) under the Customs Act, 1962, when the goods are imported, the CIF value has to be considered. CIF value for this purpose means to be equal to: Show Answer

Q150) Customs duty under the Customs Act, 1962 on the imported goods is to be paid on transaction value adjusted in accordance with provision of Rule-10 which is known as CIF value. Calculate the CIF value of the imported goods from the following details and information:
- FOB value Rs 6,35,000
- Air Freight Rs1,40,000
- Insurance Rs 3,000 Show Answer

Q151) Ascertain the assessable value in USD of the consignment of machine imported in India from US on the basis of information/ particulars given below........
(i) Cost of Machine at the factory of the US Exporter $ 17500
(ii) Transport charge from the factory to the sea port $ 2500
(iii) Handling charges at the Port of Shipment $ 200
(iv) Buying Commission paid by Importer $50
(v) Freight Charges until the Indian Port $ 2500 Show Answer

Q152) Ascertain the total value including the import duty and other chargeable taxes paid on the consignment of Pan Masala imported into India by ABC Imports Limited. CIF value of the consignment is of 1,00,000 on which chargeable rate of Basic Custom Duty is 37.5%, IGST is 28% and Compensation Cess is 60%.
Show Answer

Q153) The custodian allows the clearance of goods from the customs area on the basis of _____and where the goods are not cleared within_____ of unloading; demurrage charges are being levied by the port authorities under the Customs Act. Show Answer

Q154) A conveyance/vessel may reach a port but may not unload the goods at that port. Such a phenomenon of temporary stay at a port other than the destination port where the goods remain in the same vessel under the Customs Act is termed as Show Answer

Q155) Duty Drawback under Section 74 of the Customs Act, 1962 is admissible where the imported goods are not put to use after its import at the rate of _____ . Show Answer

Q156) Albert Co. Ltd, Chennai imported machinery from Germany for its unit located in EOU. The machine reached Chennai Port on 20.02.2023 The undertaking has deferred manufacture of article for which the machinery was originally imported. What is the time period up to which the machinery can be kept in the warehouse at port without payment of customs duty? Show Answer

Q157) Beta Ltd, Mumbai imported machinery from Denmark. After using the machinery for 16 months, it was sold to Gama Inc. Canada. How much of the custom duty paid is eligible for refund to Beta Ltd? Show Answer

Q158) Geo Ltd. Ahmedabad exported its machinery to EXE Co. Inc. of UK. It paid export duty of Rs.21 lakhs. After using them for 12 months it was returned by Exe Inc. UK to Geo Ltd. How much Geo Ltd. is eligible for refund of export duty paid earlier ? Show Answer

Q159) Which of the following imported goods is not liable for confiscation?
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Q160) The Authority for Advance Ruling (AAR) must give its ruling within ....... days of the application. Show Answer

Q161) Beyond what time if the Duty drawback is not refunded, it becomes eligible for interest?
Show Answer

Q162) What is the rate of social welfare surcharge which is levied on Basic Customs Duty ?
Show Answer

Q163) When goods cannot be classified in accordance with Rules 1, 2 or 3, how is it classified by applying which of the residuary principle? Show Answer

Q164) In determination of FOB value of import what is the presumptive rate of cost of transport, if the actual cost is not ascertainable? Show Answer

Q165) The rates of Customs duty alongside the Classification(groups/sub-groups) are being given in the :
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Q166) Value of Insurance when not ascertainable while making valuation of the imported goods for the purpose of charge of custom duty is to be taken :
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Q167) Find from the following list which are to be treated as Port under the provisions of the Customs Act, 1962:
(i) Sea Port
(ii) Inland Railway Depot
(iii) Inland Container Depot
(iv) Airport
(v) Container Freight Stations not attached to Port Show Answer

Q168) The importer of goods as per section.....of the Customs Act, 1962 needs of submit duly signed "Bill of Entry" containing the details and the particulars of the goods. Show Answer

Q169) An application for refund of import duty paid under the Customs Act, 1962 where the goods are found to be defective or not in conformity with the specification importer does not claim any duty drawback and relinquishes his title to the goods is to filed within ........ from the relevant date.
Show Answer

Q170) Assessable Value (A. V.) = Rs.6 lakh
(i) BCD-10%
(ii) IGST 12%
(iii) Social Welfare Surcharge @ 10%. Calculate the total amount of duties and taxes : Show Answer

Q171) For refund of import duty paid, the refund application must be filed:
Show Answer

Q172) Which amongst the following is not true about private bonded warehouse:
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Q173) Determine the rate of drawback, if period between date of clearance for home consumption and the date when the goods are placed under Customer Control for export more than 6 months but not more than 9 months: Show Answer

Q174) The application by exporter to customs officer for clearance of goods for exportation is known as:
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Q175) When the goods consist of more than one material or substance, then the heading which provides the most specific description shall be preferred to headings providing a mere general description. It is the application of rule:
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Q176) The rates of Basic Custom Duty are specified under ..... Show Answer

Q177) FGV includes the oil rigs when it is situated
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Q178) Tariff means the value fixed under section
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Q179) Entry does not include
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Q180) Basic custom duty is chargeable under Show Answer

Q181) In which schedule the rate of import duty shall be provided?
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Q182) What is the maximum imposition period at a time of duty under sec. 9?
Show Answer

Q183) For how many days the duty can be imposed provisionally under sec. 8b of Custom Tariff Act, 1975? Show Answer

Q184) Under sec. 8b what is the maximum import from one developing country for not imposing of safeguard duty under sec. 8B? Show Answer

Q185) Transaction value is the value of imported goods/ exported goods where
Show Answer

Q186) Which section has the proviso for rate of exchange for determination of value of Goods?
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Q187) What is the parameter for identical goods under custom valuation rules, 2007?
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Q188) Which adjustments are required to be done before using the value of identical goods or similar goods?
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Q189) Which section applicable on the boat note?
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Q190) Under sec 30 how many parts of IGM/IR? Show Answer

Q191) A bill of entry may be presented at any time not exceeding ....... days prior to the expected arrival of conveyance: Show Answer

Q192) Clearance order for export is given under which section Show Answer

Q193) Under sec. 58B how many days shall be provided to the owner of goods for clearance in case of license of licensee is cancelled?
Show Answer

Q194) Under section 59 the importer shall execute a bond in a sum equal to......
The amount of duty assessed: Show Answer

Q195) Section 53 is applicable for the:
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Q196) What Is the maximum period within which goods should be entered for export under sec. 74 of Custom Act, 1962
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Q197) What is the rate of duty Drawback on the wearing apparel under Sec. 74 of the Custom Act, 1962?
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Q198) Mr. X a Mobile dealer imports the Mobile phone for giving gift to his friend and paid import duty of Rs 22,000. Mr. Kapil instead of giving gift export such phone after using for business for more than 18 months and then exported. Now the amount of duty drawback.
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Q199) Under Sec. 75 what is the Basis for determination of duty drawback? Show Answer

Q200) What is time limit for issue of SCN in case of non-collusion about duties not levied or not paid or short paid or erroneously refunded?
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Q201) What is time limit for issue of SCN in case of collusion about duties not levied or not paid or short paid or erroneously refunded?
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Q202) What is the rate of interest if duty becomes recoverable:
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Q203) Which is not correct about Valid SCN w.r.t. Customs Act, 1962? Show Answer

Q204) Which condition/ conditions shall be satisfied for refund of export duty u/s 26:
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Q205) What are the circumstances when refund is granted to the assesse: Show Answer

Q206) Under Sec. 112, What is the maximum amount of penalty in case of improper import of over valuation of goods?
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Q207) Under sec. 114 what is the Maximum Amount of Penalty in case of improper export of prohibited goods?
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Q208) Under sec. 114 what is the Maximum Amount of Penalty in case of improper export of dutiable goods? Show Answer

Q209) Under sec. 114 what is the Maximum Amount of Penalty in case of improper export of Other goods?
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