Page 111 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

CUSTOMS VALUATION
Q-377: Which one is correct as per the 6th proviso to Rule 10 (2) of the Customs Valuation
(Determination of Value of Imported Goods) Rules, 2007, on costs related to transshipment
of goods?
(i) Ports to ICDs
(ii) Port to Port
(iii) From ports to ICDs; port to port, port to CFS, Airport to Airport etc. within India will

be excluded.
(iv) None of the above

A-377: (iii) From ports to ICDs; port to port, port to CFS, Airport to Airport etc. within India will
be excluded.
Q-378: The costs of transportation to the place of importation will come under
(i) Deductive Value
(ii) Computed Value
(iii) Transaction Value
(iv) None of the above
A-378: iii - Transaction Value
Q-379: When the Customs authorities do not accept the declared value and re-determine the
Customs value, the importer or his representative is required to be given
(i) A written notice normally
(ii) A personal hearing

(iii) A written notice to produce necessary documents
(iv) All of the above
A-379: iv - All of the above
Q-380: Which is not related to the computed method as per Customs Valuation (Determination of
Value of Export Goods) Rules, 2007?
(i) Cost of production, manufacture or processing of export goods
(ii) Charges, if any, for the design or brand
(iii) An amount towards profit

(iv) None of the above
A-380: iv - None of the above
Q-381: If the goods imported by air, the freight cannot exceed 20% of FOB price mentioned in
(i) First proviso to rule 10(2) of the Customs (Determination of Value of Imported
Goods) Rules, 2007
(ii) Second proviso to rule 10(2) of the Customs (Determination of Value of Imported
Goods) Rules, 2007

(iii) Third proviso to rule 10(2) of the Customs (Determination of Value of Imported
Goods) Rules, 2007

(iv) None of the above
A-381: ii - Second proviso to rule 10(2) of the Customs (Determination of Value of Imported Goods)
Rules, 2007

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