Page 250 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

(v) Section 15 of the Customs Act, 1962 provides that rate of duty shall be the rate in
force on the date of presentation of bill of entry or the rate in force on the date of
arrival of aircraft, whichever is later.

(vi) Integrated tax leviable under section 3(7) of the Customs Tariff Act, 1975 is levied on
the sum total of the assessable value of the imported goods, Customs duties and
applicable Social Welfare Surcharge.
A-983: i - False (Rule 10) ii - True iii - True iv - True v - True - vi - True
Q-984: Refunds will not be allowed in case of
(i) Exports made without payment of tax
(ii) Exports made on which export duty is levied
(iii) Where tax on inputs are higher than tax on outputs
(iv) None of the above
A-984: ii - Exports made on which export duty is levied
Q-985: The applicant is not required to furnish documentary evidence if the amount of refund
claimed is less than
(i) 6 lakh
(ii) 2 lakh
(iii) 10 lakh
(iv) 20 lakh
A-985: ii - 2 lakh
Q-986: What is the rate of interest to be payable in case of delay in sanctioning there fund claimed?
(i) Not exceedind 6%
(ii) Not exceeding 8%
(iii) Not exceeding 10%
(iv) Not exceeding 12%
A-986: i - Not exceeding 6%
Q-987: Refund applications is to be filed before the expiry of .......... from the relevant date
(i) Two years
(ii) One year
(iii) 180 days
(iv) 260 days
A-987: i - Two years
Q-988: A person imported storage tanks from Japan. The goods were loaded on big mother vessels.
Due to non- availability of berth on Mumbai port the brought the goods on the dock by small
boats. State whether the person can include such cost incurred on small boats in his
transaction value
(i) Yes, includible in transaction value
(ii) No, excludible from transaction value
(iii) No, includible subject to some condition
(iv) Yes, includible in transaction value with the prior permission of the proper officer
A-988: i - Yes, includible in transaction value
Q-989: In case of sale of goods to a related party, transaction value is accepted where
(i) The relationship does not influence the price

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