Final PN-19 Indirect Tax Laws & Practice Quiz 4

1. In which of these cases is a supply outside the scope of GST (i.e. not even deemed or taxable)?

2. Under GST, which of the following without consideration transactions is treated as a deemed supply under Schedule I of the CGST Act?

3. When an SEZ supplies goods/services to a Domestic Tariff Area (DTA), it is exempt from paying taxes, although the receiver in the DTA has to pay

4. In case the developer submit the proposal to the State Government for The SEZ approval, then state government forwards this proposal to the Board of Approval (BoA) along with its recommendation within.

5. The companies or industries flexibility to allow a maximum       of their employees to work from home and along with prior permission to temporarily remove goods such as laptops, computers, electronic equipment, etc., from the SEZ unit to a domestic tariff area without payment of duty.

6. Status holders shall be entitled to export freely exportable items (excluding Gems and Jewelry, Articles of Gold and precious metals) on free of cost basis for export promotion subject to an annual limit of

7. Only projects having a minimum investment of         in plant & machinery shall be considered for establishment as EOUs.

8. Minimum value addition required to be achieved under DFIA is             .

9. Value of goods to be exported as gift can’t exceed in a licensing year

10. The importer shall submit a monthly statement on the common portal in the Form IGCR-3 (Import of Goods at Concessional Rate of Duty) appended to these rules by the     day of the following month.

11. The importer who intends to avail the benefit of an exemption notification shall mention the                 as indicated in sub-rule (2) of rule 4 of Customs (Import of goods at Concessional rate of duty) Rules, and continuity bond number and details while filing the                 .

12. Once a                  is cleared for home consumption, the bond submitted by the importer gets debited automatically in the customs automated system and the details shall be made available electronically to the Jurisdictional Custom Officer

13. Maximum duty drawback rate @             on FOB value of exports.

14. At present manufacture, and other operations in which bonded warehouse is not allowed?

15.                 grants the permission for manufacturing or other operations in the bonded facility.

16. Section 58 the Principal Commissioner of Customs or Commissioner of Customs may, subject to such conditions as may be prescribed, license a                  wherein dutiable goods imported by or on behalf of the licensee may be deposited.

17. A person, who is engaged in a profession abroad, or is transferring his residence to India after stayed abroad more than 2 years can bring, used household items without payment of duty up to:

18. A Lady passenger returning to India having resided abroad for more than a year shall be allowed clearance free of duty jewellery in his bona fide baggage to the extent of the following:

19. A Gentleman passenger returning to India having resided abroad for more than a year shall be allowed clearance free of duty jewellery in his bona fide baggage to the extent of the following:

20. The current limit of ₹1 lakh per annum for duty free import of samples in terms of NT 154/94-Customs, dated 13.7.1994 is enhanced to:

21. After visiting UK for 10 days, Mr. K brought to India a laptop computer valued at ₹76,000, personal effects valued at ₹1,20,000 and a personal computer for ₹72,000. What is the customs Duty payable?

22. Does the Adjudicating Authority incluValue of Personal Computer is ₹1,10,000 and Personal Effects is ₹60,000 and duty-free allowance is ₹1,00,000. What is the value of the baggage liable to duty?

23. The proper officer shall have the powers to raise doubts on the truth or accuracy of the declared value based on certain reasons which may include:

24. Computed value DOES NOT consist of:

25. Determine price to be taken for computing deductive value in rule 7: Sale quantity- 80 units @ ₹90, 50 units @ ₹95, 25 units @ ₹105, 40 units @ ₹100: