Practice Test

Q1) _____ duty is charged to counter-balance excise duty on like article being manufactured in India. Show Answer

Q2) ______ duty is charged to counter-balance sales tax, VAT on like article being sold in India. Show Answer

Q3) _______ is charged to protect interest of any industry established in India. Show Answer

Q4) ______ duty can be levied on provisional basis. Show Answer

Q5) _____ can be levied with retrospective effect. Show Answer

Q6) _____ can be levied for a 5 years, extended further up to 5 years. Show Answer

Q7) Dumping margin for anti-dumping duty shall be equal to difference between _____. Show Answer

Q8) Anti-dumping duty can be levied on retrospective basis for up to _____ days before the date of notification. Show Answer

Q9) Injury margin for Safeguard duty shall be calculated as difference between _____. Show Answer

Q10) _____ is / are added to value of goods for valuing goods for IGST u/s 3(7) and GST compensation cess u/s 3(9) of Customs Tariff Act, 1975. Show Answer

Q11) Basic customs duty is charged on imported goods covered under _____ schedule to Customs Tariff Act, 1975. Show Answer

Q12) Basic customs duty is charged on exported goods covered under _____ schedule to Customs Tariff Act, 1975. Show Answer

Q13) Social Welfare surcharge is not chargeable on _____. Show Answer

Q14) Social Welfare surcharge is not chargeable on _____. Show Answer

Q15) Additional Customs duty u/s 3(3) of Customs Tariff Act, 1975 is charged to counter-balance excise duty on raw materials, etc of same nature used in production or manufacture in India. Show Answer

Q16) Anti-dumping duty is charged to nullify the effect of special subsidy given by a foreign government to its exporter to promote exports to India at lower than normal prices. Show Answer

Q17) Protective duty levied u/s 6 of Customs Tariff Act, 1975 is goods and country specific duty
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Q18) Anti-dumping duty is goods, country and exporter specific.
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Q19) Safeguard duty can be levied provisionally.
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Q20) Safeguard duty can be levied retrospectively.
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Q21) A 100% EOU, or units located in FTZ or SEZ, etc shall not be charged Anti-dumping duty.
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Q22) Basic Customs Duty is added to value of goods for the purpose of valuation for Additional Customs Duty u/s 3 of Customs Tariff Act, 1975.
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Q23) Additional customs duty u/s 3(3) of Customs Tariff Act, 1975 is added to the value of goods for the purpose of valuing goods for IGST u/s 3(7).
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Q24) Social Welfare Surcharge is chargeable on all imported and exported goods.
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