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CA Final Customs 2 Foreign Trade Policy — practice questions

Explore 59 free Customs 2 Foreign Trade Policy questions in CA Final Indirecttaxlaws. Open each question or exercise to read its content, reference answers and available explanation.

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Customs 2 Foreign Trade Policy questions and exercises with answers

Showing questions 1–30 of 59.

Who appoints the Director General of Foreign Trade?Read the answer and worked solution →Under Section 6(3), which power can the Director General NOT exercise on delegation?Read the answer and worked solution →The export and import policy is announced by the Central Government through what?Read the answer and worked solution →Goods covered by a prohibitory Order under section 3(2) are deemed prohibited under which Customs Act section?Read the answer and worked solution →Under section 7 of the FT(D&R) Act, trading needs what first?Read the answer and worked solution →A person whose Importer-exporter Code is cancelled may trade only under what?Read the answer and worked solution →Before suspending an Importer-exporter Code, the DGFT must give what?Read the answer and worked solution →Which contravention can ground suspension of an Importer-exporter Code under section 8(1)(a)?Read the answer and worked solution →If the DGFT refuses to grant or renew a licence, what must he do?Read the answer and worked solution →A licence under section 9 can be suspended or cancelled only after what?Read the answer and worked solution →A licence granted under section 9 is valid for what period?Read the answer and worked solution →An unpaid penalty under the FT(D&R) Act may be recovered how?Read the answer and worked solution →Confiscated goods under section 11 are released on redemption charges equal to what?Read the answer and worked solution →Under section 11(3), a settlement amount may be fixed when a person does what on notice?Read the answer and worked solution →Who may impose penalty or adjudge confiscation under the FT(D&R) Act?Read the answer and worked solution →No penalty order under the FT(D&R) Act may be made without first giving the person what?Read the answer and worked solution →What does section 12 say about penalty and other punishments?Read the answer and worked solution →The time limit for a first appeal under section 15 is how many days from service?Read the answer and worked solution →For sufficient cause, the appellate authority may allow a further period of how long?Read the answer and worked solution →An appeal against an order of the Director General lies to whom?Read the answer and worked solution →No appeal against a penalty order is heard unless the appellant does what?Read the answer and worked solution →A revision order cannot prejudice a person unless a show-cause notice came within what time?Read the answer and worked solution →Adjudicating and appellate authorities hold which civil court power under section 17?Read the answer and worked solution →Under the FT(D&R) Act, 'import' means bringing goods into India by which modes?Read the answer and worked solution →Under section 2(c), which of these is expressly included in 'conveyance'?Read the answer and worked solution →Which earlier Act did the FT(D&R) Act, 1992 repeal?Read the answer and worked solution →For how long must rules and Orders be laid before Parliament under the FT(D&R) Act?Read the answer and worked solution →Who licenses a public warehouse under section 57 of the Customs Act?Read the answer and worked solution →In a private warehouse, which goods may be deposited under section 58?Read the answer and worked solution →A special warehouse under section 58A is kept locked by whom?Read the answer and worked solution →

Worked practice questions

Who appoints the Director General of Foreign Trade?

  1. The Supreme Court
  2. The RBI Governor
  3. The Finance Commission
  4. The Central Government
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Correct answer: D. The Central Government

Section 6(1) empowers the Central Government to appoint any person as the Director General of Foreign Trade.

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Under Section 6(3), which power can the Director General NOT exercise on delegation?

  1. Power under section 9
  2. Power under section 13
  3. Power under section 8
  4. Power under section 3
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Correct answer: D. Power under section 3

Section 6(3) bars delegation of the powers under sections 3, 5, 15, 16 and 19, so the Order-making power under section 3 stays with the Central Government.

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The export and import policy is announced by the Central Government through what?

  1. An Act of Parliament
  2. A circular of the RBI
  3. A Gazette notification
  4. A direction of a court
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Correct answer: C. A Gazette notification

Section 5 lets the Central Government formulate, announce and amend the policy by notification in the Official Gazette.

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