Page 13 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

(ii) CESTAT
(iii) High Court
(iv) Supreme Court
A-31: ii - CESTAT
Q-32: State briefly as to who can make an application for advance ruling under Section 28E of the
Customs Act, 1962?

A-32: According to provisions of Section 28E(c) of Customs Act, 1962, an application for advance
ruling can make by any one of the following:
(i) (a) A non-resident setting up a joint venture in India in collaboration with a non-
resident or resident; or
(b) A resident setting up a joint venture in India in collaboration with a non-
resident; or
(c) A wholly owned subsidiary Indian company, of which the holding company is
a foreign company,
Who or which, as the case may be, proposes to undertake any business
activity in India;
(ii) A joint venture in India; or
(iii) A resident falling under any such class or category of persons, as may specify by the
Central Government.
Q-33: The Stay Application will be filed along with the Appeal for
(a) Obtaining stay on the operations of the impugned Order in Appeal;

(b) To get waive from any pre-deposit until the final decision.
(i) a only
(ii) b only
(iii) both a and b

(iv) None of the above
A-34: iii - both a and b
Q-35: Which one is correct on advance rulings enable for foreign investors?
(i) To know in advance into certainty their Customs duty liability on their proposed
imports into India and proposed exports from India
(ii) To know their Customs duty liability on their imports into India and exports from
India
(iii) To know in advance into certainty their Customs duty liability on their proposed
imports into India
(iv) To know in advance into certainty their Customs duty liability on their proposed
exports from India
A-35: (i) To know in advance into certainty their Customs duty liability on their proposed
imports into India and proposed exports from India
Q-36: Advance Ruling Scheme allows to

(i) A non-resident investor setting up a joint venture in India in collaboration with a
non-resident or a resident; or

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