Page 95 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

CUSTOMS DUTY
Q-314: A challan for Kachha Bill of Entry payment of duty shall be generated
(i) Automatically and printed along with the assessed copy of Kachha BE
(ii) Manually
(iii) Automatically

(iv) None of the above
A-314: i - Automatically and printed along with the assessed copy of Kachha BE
Q-315: The Basic Customs Duty is levied at
(i) A domestic market rate based on the unit of the item
(ii) Ad-valorem, based on the invoice value of the item
(iii) A specific rate based on the unit of the item (weight, number, etc.) or more
commonly

(iv) None of the above
A-315: iii - A specific rate based on the unit of the item (weight, number, etc.) or more commonly
Q-316: The time limit for the proper officer shall determine the amount of duty or interest under
Sub-section (8) of Section 26 of the Customs Act, 1962 within
(i) Three monts from the date of notice
(ii) Six months from the date of notice

(iii) Nine months from the date of notice
(iv) Twelve months from the date of notice
A-316: ii - Six months from the date of notice
Q-317: The Customs Duty Policy being offered by the Insurance Companies covers
(i) Transit goods
(ii) Storage of goods
(iii) Both transit and storage of goods and no separate policies need be taken

(iv) None of the above
A-318: iii - Both transit and storage of goods and no separate policies need be taken
Q-318: The rate of duty is chargeable on the basis of the value of the imported goods by
(i) Rupee
(ii) USD

(iii) Any country currency
(iv) None of the above
A-319: Rupee
Q-320: The Standard rate of Basic Customs Duty on Artificial Kidney is
(i) Nil
(ii) 2.5%

(iii) 5%
(iv) 7.5%
A-320: i - Nil

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