Page 64 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat
P. 64
(iii) Exports will be allowed only from Customs EDI Ports
(iv) All of the above
A-217: iv - All of the above
Q-218: Export of iron ore from India to China
A-218: The export of iron ore from India to China in bulk, duty is chargeable if Fe content is
58% or more and less than 58% attracts 0% Customs duty. To safeguard the Government
Revenue, Shipping Bills of iron ores are being assessed provisionally against PDTBs backed by
Bank Guarantee of differential duty under Section 18 of Customs Act, 1962.
Q-219: All cosmetic products that are imported for sale in India need to be registered with the
licensing authority as defined under
(i) Rule 21 of Drugs & Cosmetics Rules, 1945
(ii) Rule 22 of Drugs & Cosmetics Rules, 1945
(iii) Rule 23 of Drugs & Cosmetics Rules, 1945
(iv) None of the above
A-219: i - Rule 21 of Drugs & Cosmetics Rules, 1945
Q-220: Import policy of refurbished laptops
(i) Prohibited
(ii) Restricted
(iii) Free
(iv) Restricted - through canalised
A-220: i - Prohibited
Q-221: Import of E-cigarettes is
(i) Prohibited
(ii) Restricted
(iii) Free
(iv) Imposed 200% duty
A-221: (i) Prohibited
Q-222: Which one of the following correct one on import of raw material under advance
authorization?
(i) The duty will be attracted on import of raw material under advance authorisation,
which does not fulfil the export obligation and not extended the license validity with
DGFT at the time of import.
(ii) The raw material can be used in final product after payment of duty.
(iii) The final product cannot be sold in domestic market.
(iv) All of the above
A-222: iv - All of the above
Q-223: Automatic Identification System (AIS) requires on
(i) Import of automobile component
(ii) Import of machinery
(iii) Import of raw material
(iv) All of the above
A-223: i - Import of automobile component
59