Under the Customs Act, export means:
ATaking goods out of India
BMoving goods between ports
CSelling goods to a foreign buyer
DClearing goods from a warehouse
Answer & Solution
Correct answer: A. Taking goods out of India
Section 2(18) defines export as taking goods out of India to a place outside India.
Keep practising Customs Act 1962: Levy and Exemption
Browse all Customs Act 1962: Levy and Exemption questions for CA Final, or explore more Indirecttaxlaws topics.
Related questions
Countervailing duties follow a finding that foreign subsidies have:Countervailing duties are also known as:An ad valorem tax is based on the:A tariff or import tax is paid by whom?Export duty is refundable under Section 26 if the goods are re-imported within:Under Section 25(6), no duty is collected if the duty leviable is up to:A Section 25 exemption in a different form can never make duty:An explanation clarifying a Section 25 notification can be inserted within: