WorksheetsIndirect Tax ( BCom- Tax III yr )
Total questions: 11
Worksheet time: 8mins
Present BASIC CUSTOM DUTY rate is.......
5%
10%
14%
8%
Maximum limit of transportation cost is----
10% of Invoice price
20% of FOB price
1% of CIF value
5% of Assessable Value
If actual INSURANCE PREMIUM is not given then the amount of FOB price shall be added-----
1%
1.125%
5%
10%
Not included in assessable value------
Packing Charges
Ship Freight
Insurance Premium
Transportation expenses from port to warehouse
Basic custom duty is levied on -----
Transportation price
Assessable value
Import Price
FOB Price
After GST , following is imposed on import------
Additional Customs Duty
Central GST
Integrated GST(IGST)
Special Duty
The term goods includes from customs point of view-----
stores
baggage
ship
all of above
Customs Duty is imposed on
Import of Goods
Export of Goods
Import & Export
Goods sold exceeding certain limit
Customs Duty is ------
Direct Tax
Indirect Tax
State Tax
Local TAx
Basis of Customs Duty is -----
Import of Goods
Export of Goods
Production of Goods
Import & Export of Goods
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