Duty Drawback – Test 1

Where the goods are sent back as such to the foreign country owing to which of the following reasons it is considered as re-exportation?

Under Section 74(1) when goods capable of being easily identified, which have been imported into India and upon which any duty has been paid on importation ———– % of duty be paid back.

Which of the following conditions are to be satisfied for the purpose of section 74(1)?

Which of the following conditions are to be satisfied for the purpose of section 74(3)?

Under sub-clause (b) of section 74(1), it has been provided that such imported goods should be entered for export within ——— years from the date of payment of duty on the importation.

The authority who has to be satisfied u/s 74 is———-

As per notification, no drawback of import duty will be allowed in respect of which of the following goods, if they have been used after their importation in India?

If the length of the period between the date of clearance for home consumption and the date when the goods are placed under the customs control for export is not more than 3 months then the percentage of import duty to be paid as drawback is —————%

If the length of the period between the date of clearance for home consumption and the date when the goods are placed under the customs control for export more than 3 months but is not more than 6 months then the percentage of import duty to be paid as drawback is ————%

If the length of the period between the date of clearance for home consumption and the date when the goods are placed under the customs control for export more than 6 months but is not more than 9 months then the percentage of import duty to be paid as drawback is —————%

If the length of the period between the date of clearance for home consumption and the date when the goods are placed under the customs control for export more than 9 months but is not more than 12 months then the percentage of import duty to be paid as drawback is —————%

If the length of the period between the date of clearance for home consumption and the date when the goods are placed under the customs control for export more than 12 months but is not more than 15 months then the percentage of import duty to be paid as drawback is ————%

If the length of the period between the date of clearance for home consumption and the date when the goods are placed under the customs control for export more than 15 months but is not more than 18 months then the percentage of import duty to be paid as drawback is ———–%

If the length of the period between the date of clearance for home consumption and the date when the goods are placed under the customs control for export more than 18 months then the percentage of import duty to be paid as drawback is ———%

If the car or specified goods are re-exported immediately————% of the duty paid is refundable.

Percentage of reduction of the drawback is related to use of the motor vehicle per quarter for 1st year is ————% per quarter or part thereof

Percentage of reduction of the drawback is related to use of the motor vehicle per quarter for 2nd year is —————% per quarter or part thereof

Percentage of reduction of the drawback is related to use of the motor vehicle per quarter for 3rd year is ———% per quarter or part thereof

In the case of exports other than by post, the exporter shall at the time of export of the goods state on the shipping bill or bill of export, the description, quantity and such other particulars as are necessary for deciding whether the goods are entitled to drawback under section 74 and make a declaration on the relevant shipping bill or bill of export that

Claim under section 75A to be filed within ——— days from the date on which an order permitting clearance and loading of goods for exportation under section 51 is made by proper officer of customs

Which of the following conditions to be satisfied under section 75?

Which of the following conditions to be satisfied under section 75?

Sub-section (1) of section 75 provides that where it appears to the Central Government that in respect of good of any class or description manufactured, processed or on which any operation has been carried out in India, being——–a drawback should be allowed of the duties of customs chargeable under this Act

No drawback is allowed in the case which of the following?

In determining the amount or rate of drawback under this rule, the Central Government shall have regard to ————

Where no drawback is determined, the manufacturer/exporter has to apply for drawback within ———- months seeking a brand rate from the Government giving all date and information about use of inputs, manufacture etc.

Where no drawback is determined, the manufacturer/exporter has to apply for drawback within 3 months seeking a brand rate from the Government giving all date and information about use of inputs, manufacture etc

The upper limit of drawback money or rate determined under rule 3 should not exceed one third of the market price of the export product.

Supplementary claims can be made in prescribed Form within ———— months.

Notwithstanding anything herein before contained, no drawback shall be allowed in respect of any goods, the market price of which is less than the amount of drawback due thereon where the amount of drawback in respect of any goods is less than ————- rupees.