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WorksheetsTypes Of Custom Duty and Valuation
Total questions: 10
Worksheet time: 50secs
What is the primary legislation governing customs duties in India?
Customs Act, 1962
Foreign Trade Act, 1992
Excise Act, 1944
Which section of the Customs Act defines 'goods'?
Section 2(22)
Section 25
The term 'import' under the Customs Act means bringing goods into India from:
Only neighboring countries
SAARC nations only
Any place outside India
Which rule in the Valuation of Imported Goods covers the method based on the transaction value of identical goods?
Rule 3
Rule 4
Rule 6
The duty imposed on goods to protect domestic industry from cheap imports is called:
Safeguard Duty
Countervailing Duty
Anti-dumping Duty
Who has the power to exempt goods from customs duties under Section 25?
Supreme Court
Central Government
Director General of Customs
Which form is used for export customs clearance?
Shipping Bill
Arrival Manifest
Bill of Entry
What is the Health Cess rate on imported medical devices?
3%
4%
5%
Which duty is imposed on high-speed diesel and petrol imports as of FY 2018?
NCCD
Road and Infrastructure Cess
IGST
What is the time frame for unaccompanied baggage to arrive in India in relation to the passenger’s arrival as per Rule 8 of Baggage Rules, 2016?
1 month before or after
2 months before or 1 month after
Anytime within 6 months
