Customs Tariff Act – Test 1

The rates at which duties of customs shall be levied under the Customs Act 1962 are specified in the First and Second Schedules

The first schedule enlist the goods liable to ———–

The second schedule enlist the goods liable to ———-

The Government may by notification under section ————of the Customs Act prescribe preferential rate of duty in respect of imports from certain preferential areas

The importer will have to fulfill the following conditions to make the imported goods eligible for preferential rate of duty

Any article which is imported into India shall, in addition, be liable to integrated tax at such rate, not exceeding ————-% as is leviable under section 5 of Integrated Goods and Services Tax Act, 2017 on a like article on its supply in India, on the value of the imported article as determined under subsection (8) or sub section 8(A)

GST compensation cess is a compensation cess levied under section 8 of the Goods and Services Tax (Compensation to State) Act, 2017. GST compensation cess is levied on intra-state supply of goods or services and inter-state supply of goods or services to provide compensation to the States for loss of revenue due to implementation of GST in India

Any article which is imported into India shall, in addition, be liable to the goods and services tax compensation cess at such rate, as is leviable under section 8 of the Goods and Services Tax
(Compensation to States) Cess Act, 2017 on a like article on its supply in India, on the value of the imported article as determined under sub-section (10) or ub section 10(A)

Any article which is imported into India is also liable to a duty equal to the excise duty for the time being leviable on a like article if produced or manufactured in India. This duty is called as ————

Special additional duty under sub-section (3) is levied to counter balance the excise duty leviable on raw materials, components and ingredients of the same nature as, or similar to those, used in the production or manufacture of the imported article. This duty is called as ————

The maximum rate of additional duty is @ ———–%

————— are those which are levied for the purpose of raising customs revenue.

————– are intended to give protection to indigenous industries. If resort to protective duties is not made there could be a glut of cheap imported articles in the market making the indigenous goods
unattractive.

The protective duties are levied by the —————upon the recommendation made to it by the Tariff Commission and upon it being satisfied that circumstances exist which render it necessary to take immediate action to provide protection to any industry established in India

The protective duty shall be effective only upto and inclusive of the date if any, specified in the First Schedule

If which of the following conditions are satisfied, the Central Government may provide for the enhancement of the import duty ?

Central Government can impose the safeguard duty if it is satisfied that

The safeguard duty is imposed for the purpose of protecting the interests of any domestic industry in India aiming to make it more competitive

The duty imposed under section 8B shall be in force for a period of ————- years from the date of its imposition

The total period of levy of safeguard duty is restricted to —-years.

Articles originating from developing country, so long as the share of imports of that article from that country does not exceed————–% of the total imports of that article into India

Articles originating from more than one developing country, so long as the aggregate of imports from developing countries each with less than 3% import share taken together does not exceed ——-% of the total imports of that article into India

Safeguard duty shall not apply to articles imported by a 100% EOU/unit in a SEZ unless.

The provisional duty shall be in force for a maximum period of —————days from the date of its imposition

Countervailing duty shall not be levied unless it is determined that

Unless revoked earlier, the duty imposed under section 9 shall be in force for a period of ————-years from the date of its imposition

If the review is not completed before the expiry of the period of imposition (5 years) then the duty may continue to remain in force pending the outcome of such review for a further period not exceeding ———– year

The retrospective date from which the duty is payable shall not be beyond ———– days from the date of notification

Where the Central Government, on such inquiry as it may consider necessary, is of the opinion that circumvention of anti-dumping duty has taken place, by which of the following ways?

An appeal filed under section 9B shall be accompanied by a fee of —————– rupees: