alleryStart learning →On what basis are cases chosen for verification of self-assessment?
AAlphabetical order of names
BRisk evaluation criteria
CValue of the goods only
DRandom draw by lots
Answer & Solution
Correct answer: B. Risk evaluation criteria
The proviso to section 17(2) says selection for verification is primarily through risk evaluation using appropriate criteria.
Keep practising Customs Act, 1962
Browse all Customs Act, 1962 questions for CA Final, or explore more Indirecttaxlaws topics.
Related questions
A public customs warehouse (Type B) can be used by whom?The Brussels Definition of Value came from a convention adopted in which year?Which WTO valuation method is set out in Article 5?In the WTO valuation order, the transaction value of identical goods follows which ArticleIn the WTO valuation hierarchy, which method has first precedence?The WTO Agreement on Customs Valuation implements which GATT article?A wooden frame made of tropical wood is classified under which HS subheading?Where do residual 'Other goods' codes normally appear within an HS heading?