Page 143 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

Q-550: As per para 2.31 of the Foreign Trade Policy 2015-20, which one of the following to be
certified by the Chartered Engineer?
(i) The goods being inspected are second hand spares of capital goods having at least
70% residual life of original spare.
(ii) The goods being inspected are second hand spares of capital goods having at least
75% residual life of original spare.
(iii) The goods being inspected are second hand spares of capital goods having at least
80% residual life of original spare.
(iv) The goods being inspected are second hand spares of capital goods having at least
85% residual life of original spare.
A-550: iii - The goods being inspected are second hand spares of capital goods having at least 80%
residual life of original spare
Q-551: To whom, the import of food parcels (except alcohol and tobacco) with a limit of
Rs.1,00,000/- per year for their own use can be allowed

(i) All Foreign citizens
(ii) All Indian cititzens
(iii) All Foreign citizens, ordinarily residing in India
(iv) None of the above
A-551: iii - All Foreign citizens, ordinarily residing in India
Q-552: Goods received as free gifts by the Indian Red Cross Society from abroad
(i) Exempt from Customs duty

(ii) No exempt from Customs duty
(iii) 50% exempt from Customs duty
(iv) None of the above
A-552: i - Exempt from Customs duty

Q-553: Who will advise the Central Government in the formulation of the Export and Import policy
and shall be responsible for carrying out that policy?

(i) Ministry of Commerce
(ii) Ministry of Finance
(iii) Director General of Foreign Trade
(iv) CBIC Chairman
A-553: iii - Director General of Foreign Trade
Q-554: Import of goods under Government to Government agreement may be allowed
(i) Permission required from Ministry of Revenue

(ii) Without an Authorisation
(iii) An Authorisation or CCP on production of necessary evidence to satisfaction of
Custom Authorities
(iv) None of the above
A-554: iii - An Authorisation or CCP on production of necessary evidence to satisfaction of Custom
Authorities

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