alleryStart learning →Which Act gives the customs duty rates levied under section 12?
AForeign Trade Act, 1992
BCustoms Tariff Act, 1975
CFinance Commission Act
DCentral Excise Act, 1944
Answer & Solution
Correct answer: B. Customs Tariff Act, 1975
Section 12 levies duties of customs at the rates specified in the Customs Tariff Act, 1975, or any other law in force.
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