alleryStart learning →For warehouse goods under section 68, the duty rate is that on:
AThe date of deposit
BThe date of removal
CThe vessel's arrival date
DThe home-use bill date
Answer & Solution
Correct answer: D. The home-use bill date
Section 15(1)(b) uses the date a bill of entry for home consumption is presented, not the date of removal.
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: