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CA Final Customs Act, 1962 — practice questions — page 2

Explore 54 free Customs Act, 1962 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 questions and exercises with answers

Showing questions 31–54 of 54.

What share of duty is repaid as drawback on re-export of duty-paid imported goods under section 74?Read the answer and worked solution →Which statement about section 74 drawback goods is correct?Read the answer and worked solution →Under section 27, a refund application must normally be filed within how long of payment?Read the answer and worked solution →The one-year refund limitation in section 27 does not apply when duty is paid how?Read the answer and worked solution →A refund claim under section 27 is not refunded if the amount is less than what?Read the answer and worked solution →Where duty becomes refundable due to a court judgment, the one-year limit runs from when?Read the answer and worked solution →What must a refund application under section 27(1A) show about incidence of duty?Read the answer and worked solution →For non-fraud short levy, section 28 notice is due within what period?Read the answer and worked solution →The two-year limit in section 28(1) covers cases without what?Read the answer and worked solution →The proper officer does not serve a section 28 notice where the amount involved is less than what?Read the answer and worked solution →An HS code has how many digits for common international use?Read the answer and worked solution →In an HS code, the first two digits identify the what?Read the answer and worked solution →HS code 1006.30 refers to which Chapter 10 product?Read the answer and worked solution →Which HS Chapter is reserved for possible future use?Read the answer and worked solution →HS Chapters 98 and 99 are reserved for what purpose?Read the answer and worked solution →HS classification of products must apply the General Rules of Interpretation in what manner?Read the answer and worked solution →Where do residual 'Other goods' codes normally appear within an HS heading?Read the answer and worked solution →A wooden frame made of tropical wood is classified under which HS subheading?Read the answer and worked solution →The WTO Agreement on Customs Valuation implements which GATT article?Read the answer and worked solution →In the WTO valuation hierarchy, which method has first precedence?Read the answer and worked solution →In the WTO valuation order, the transaction value of identical goods follows which Article?Read the answer and worked solution →Which WTO valuation method is set out in Article 5?Read the answer and worked solution →The Brussels Definition of Value came from a convention adopted in which year?Read the answer and worked solution →A public customs warehouse (Type B) can be used by whom?Read the answer and worked solution →

Worked practice questions

What share of duty is repaid as drawback on re-export of duty-paid imported goods under section 74?

  1. 50 per cent
  2. 75 per cent
  3. 98 per cent
  4. 100 per cent
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Correct answer: C. 98 per cent

Section 74(1) repays ninety-eight per cent of the duty paid as drawback when identifiable goods are re-exported.

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Which statement about section 74 drawback goods is correct?

  1. They must be warehoused first
  2. They must be altered before export
  3. They must be identified as imported
  4. They must cost under Rs 1 lakh
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Correct answer: C. They must be identified as imported

Section 74(1)(a) requires the goods to be easily identified, to the officer's satisfaction, as the goods which were imported.

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Under section 27, a refund application must normally be filed within how long of payment?

  1. Two years
  2. Six months
  3. Three years
  4. One year
Show answer and solution

Correct answer: D. One year

Section 27(1) requires an application before the expiry of one year from the date of payment of the duty or interest.

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