Selection of cases for verification under Section 17 is primarily based on:
AA random draw by lot
BThe value of goods alone
CThe importer's seniority
DRisk evaluation criteria
Answer & Solution
Correct answer: D. Risk evaluation criteria
The proviso to section 17(2) bases selection primarily on risk evaluation through appropriate criteria.
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: