Page 54 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

(ii) Prevention of smuggling and administration of matters relating to Customs, Central

Excise, Central Goods & Services Tax, and IGST
(iii) Prevention of smuggling and administration of matters relating and Narcotics.
(iv) All of the above

A-179: iv - All of the above
Q-180: Write the main function of Central Board of Indirect Taxes and Customs
A-180: Administering the levy and collection of indirect taxes of the Union of India viz.
Customs Duty, Central Excise duty and IGST and for facilitating cross border movement of
goods & services.
Q-181: CBIC is empowered to fix values, under Section 14(2) of the Customs Act, 1962 for any item
are called
(i) Transaction values
(ii) Tariff values
(iii) Transit values
(iv) None of the above
A-181: ii - Tariff values

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