alleryStart learning →Which statement about section 74 drawback goods is correct?
AThey must be warehoused first
BThey must be altered before export
CThey must be identified as imported
DThey must cost under Rs 1 lakh
Answer & Solution
Correct answer: C. They must be identified as imported
Section 74(1)(a) requires the goods to be easily identified, to the officer's satisfaction, as the goods which were imported.
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?