Page 233 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

Q-909: A licensee shall not allow transfer of warehoused goods to another warehouse without the
permission of the bond officer under section ……….. on the Form for transfer of goods from a
warehouse.
(i) 64
(ii) 65

(iii) 66
(iv) 67
A-909: iv - 67
Q-910: Which one is correct on the transaction of sale or transfer of warehoused goods between
the importer and any other person?
(i) Invoice value will be at a higher price than the assessable value of goods
(ii) Invoice value will be at a lesser price than the assessable value of goods

(iii) Invoice value will be at an equal to the assessable value of goods
(iv) All of the above
A-911: i - Invoice value will be at a higher price than the assessable value of goods
Q-912: The warehousing period or the extended warehousing period has expired; the duty payable
is with respect to

(i) On the date on which the goods are actually removed from the warehouse
(ii) The date when the warehousing extended period
(iii) The date when the warehousing expired period
(iv) The date when the warehousing extended or warehousing period expired
A-912: iv - The date when the warehousing extended or warehousing period expired
Q-913: Under which regulation says the grant of licence on private warehouse

(i) 5
(ii) 6
(iii) 7
(iv) None of these
A-913: i - 5

Q-914: The mode for service of notice or order
(i) By giving or tendering it directly to the addressee or importer or exporter or his
Customs Broker or his authorised representative including employee, advocate or
any other person or to any adult member of his family residing with him.
(ii) By a registered post or speed post or courier with acknowledgement due.
(iii) By affixing it in some conspicuous place at the last known place of business or
residence of the person to whom it is issued.
(iv) All of the above
A-914: iv - All of the above
Q-915: Explain the Customs Bonded Warehouses
A-915: The facility of warehousing of the imported goods in Custom Bonded Warehouses, without
payment of Customs duty is permitted in terms of Section 157 read with Section 60, Section

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