Page 110 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

(iv) None of the above
A-372: iii - The goods of the same category and characteristics
Q-373: Which Chapter of the Customs Tariff Act, 1975 has been kept blank for future use?
(i) Chapter 78
(ii) Chapter 77

(iii) Chapter 98
(iv) Chapter 99
A-373: ii - Chapter 77
Q-374: Explain the First Schedule to the Customs Tariff Act, 1975
A-374: The First Schedule to the Customs Tariff Act, contain the rates of duty leviable on
goods imported to India and it’s generally known as the import tariff. The import tariff
begins with the rules for the interpretation of the first schedule. There are six such rules
according to these rules any imported article is considered to cover by one or other item of
the tariff. There is also explanatory noted, to these rules which explains that the
abbreviation "x" used in the Schedule denotes the duty leviable is a percentage of the value
of the goods as defined in Section 14 of the Customs Act, 1962. The first schedule itself
contains 21 Sections; each Section is divided into one or more Chapter. The total 99 chapters
are in the First Schedule.
Q-375: The rate of import duty under Customs Tariff Act, 1975
A-375: (i) Government can any time reduce the rate of applicable rate of Customs duty on any
imported good by issuing an exemption notification.
(ii) Any change in the Tariff rate of Import duty on any imported good would require
amendment of the Customs Tariff Act, 1975.
(iii) Any increase in the Tariff rate of Import duty on any import good proposed in the
Finance Bill will come into effect on the date of grant of assent to the Finance Bill by
the Hon’ble President of India.
(iv) Any increase in the Tariff Rate of Import duty on any import good proposed in the
Finance Bill will have immediate effect only if the clause of the Finance Bill affecting
such increase is declared under section 3 of the Provisional collection of Taxes Act,
1931.

CUSTOMS PREVENTIVE
Q-376: Which is not the source of the intelligence in Customs Preventive?
(i) Informers
(ii) Rivals

(iii) Aggrieved people working in that organisation
(iv) All of the above
A-376: iv - All of the above

105