alleryStart learning →The rate of duty on goods entered for home consumption is that in force on the date:
AThe vessel arrives
BDuty is paid in full
CA bill of entry is filed
DGoods are unloaded
Answer & Solution
Correct answer: C. A bill of entry is filed
Section 15(1)(a) fixes the rate on the date the bill of entry for home consumption is presented.
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: