Page 99 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

(ii) b only
(iii) both b and c
(iv) None of the above

A-334: ii - b only
Q-335: Any imports made by the parent company from the subsidiary company situated in a foreign
country will apply
(i) Basic Customs Duty
(ii) Social Welfare Surcharge
(iii) IGST
(iv) All of the above

A-335: iv - All of the above
Q-336: e-Payment of ICEGATE provides
(i) A list of all unpaid challans
(ii) Viewing & printing paid challans
(iii) Support on payment transaction
(iv) All of the above

A-336: A list of all unpaid Challans, for viewing & printing and can support Payment transactions.
Q-337: Basic Customs Duty is levied as a percentage of Value as determined under
(i) Section 14(1) of Customs Act, 1962
(ii) Section 14(2) of Customs Act, 1962
(iii) Section 14(3) of Customs Act, 1962
(iv) None of the above

A-337: i - Section 14(1) of Customs Act, 1962
Q-338: The rate of duty fixed per Metric Tonne, per liter/kilo liter, per square metre under
(a) Ad valorem duty
(b) Specific rate of duty
Which one is correct on the above statement?
(i) a only
(ii) b only
(iii) both a and b
(iv) None of the above
A-338: Specific rate of duty
Q-339: The appointment of Commissioner of Customs under
(a) Sub-section 1 of Section 4 of the Customs Act, 1962
(b) Sub-section 2 of Section 4 of the Customs Act, 1962
Which one is correct on the above statement?
(i) a only
(ii) b only
(iii) both a and b
(iv) None of the above
A-339: i - a only
Q-340: Which one is correct on the interest on delayed payment of duty due to the Government
under Section 28AA of Customs Act, 1962?
(i) Not below 10% and not exceeding 30% annum. However, the effective rate of
interest is fixed at 15% per annum

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