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CA Final Customs Act 1962: Levy and Exemption — practice questions — page 2

Explore 74 free Customs Act 1962: Levy and Exemption questions in CA Final Indirecttaxlaws. Open each question or exercise to read its content, reference answers and available explanation.

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Customs Act 1962: Levy and Exemption questions and exercises with answers

Showing questions 31–60 of 74.

Ports appointed under Section 7(1)(d) are for trade in which type of goods?Read the answer and worked solution →Who prohibits imports or exports by notification under Section 11?Read the answer and worked solution →A prohibition under Section 11(1) may be imposed:Read the answer and worked solution →Which is a listed purpose for prohibiting imports under Section 11(2)?Read the answer and worked solution →Section 11(2) permits prohibition to protect which of these?Read the answer and worked solution →Section 11(2) allows prohibition to protect national treasures of which value?Read the answer and worked solution →Which charter's duties can justify a Section 11(2) prohibition?Read the answer and worked solution →Customs duty is levied under which section of the Customs Act?Read the answer and worked solution →Section 12 levies customs duty on goods:Read the answer and worked solution →Under Section 12(2), duty on Government-owned goods:Read the answer and worked solution →Imported goods are pilfered before the clearance order. The importer is:Read the answer and worked solution →Section 13 relief on pilfered goods ends once the proper officer orders:Read the answer and worked solution →The value of imported goods for customs duty is generally the:Read the answer and worked solution →Transaction value applies where the buyer and seller are not related and:Read the answer and worked solution →Which cost is added to the price in transaction value of imported goods?Read the answer and worked solution →Royalties and licence fees paid for imported goods are, for valuation:Read the answer and worked solution →Who may fix tariff values for a class of goods under Section 14(2)?Read the answer and worked solution →For valuation, the exchange rate is the rate in force on the date the:Read the answer and worked solution →A bill of entry is referred to in which section of the Customs Act?Read the answer and worked solution →The rate of duty on goods entered for home consumption is that in force on the date:Read the answer and worked solution →For warehouse goods under section 68, the duty rate is that on:Read the answer and worked solution →For other imported goods not in clauses (a) or (b), the duty rate is that on the date of:Read the answer and worked solution →Bill filed 5 March; vessel arrives 10 March. Deemed presentation date is:Read the answer and worked solution →Section 15 on the date for rate of duty does not apply to:Read the answer and worked solution →For exports under section 50, the duty rate is fixed on the date the officer:Read the answer and worked solution →Which exports fall outside the date rule in Section 16?Read the answer and worked solution →Who self-assesses the duty on imported goods under Section 17(1)?Read the answer and worked solution →If self-assessment is found incorrect on verification, the proper officer may:Read the answer and worked solution →Selection of cases for verification under Section 17 is primarily based on:Read the answer and worked solution →Goods are lost in the port before home clearance. Their duty is:Read the answer and worked solution →

Worked practice questions

Ports appointed under Section 7(1)(d) are for trade in which type of goods?

  1. Coastal goods
  2. Warehoused goods
  3. Baggage goods
  4. Ship stores
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Correct answer: A. Coastal goods

Section 7(1)(d) appoints coastal ports for carrying on trade in coastal goods.

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Who prohibits imports or exports by notification under Section 11?

  1. Appellate Tribunal
  2. The Central Government
  3. Commissioner of Customs
  4. Reserve Bank of India
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Correct answer: B. The Central Government

Section 11(1) gives the power to prohibit import or export to the Central Government, acting by notification.

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A prohibition under Section 11(1) may be imposed:

  1. Only in absolute form
  2. Only for a single year
  3. Only on export of goods
  4. Absolutely or on conditions
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Correct answer: D. Absolutely or on conditions

Section 11(1) allows prohibition either absolutely or subject to conditions to be met before or after clearance.

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