No DFIA shall be issued for an export product where SION prescribes ‘Actual User’ condition for any input:
Correct
Incorrect
Question 2 of 30
2. Question
1 points
Category: Indirect Tax Laws
Under Advance Authorisation Entitlement in terms of CIF value of imports shall be upto ———-of the FOB value of physical export and / or FOR value of deemed export in preceding financial year or Rs 1 crore, whichever is higher
Correct
Incorrect
Question 3 of 30
3. Question
1 points
Category: Indirect Tax Laws
Some exports categories/sectors ineligible for MEIS which are:
Correct
Incorrect
Question 4 of 30
4. Question
1 points
Category: Indirect Tax Laws
Some exports categories/sectors ineligible for MEIS which are:
Correct
Incorrect
Question 5 of 30
5. Question
1 points
Category: Indirect Tax Laws
Drawback as per rate determined and fixed by ———— shall be available for duty paid imported or indigenous inputs used in the export product.:
Correct
Incorrect
Question 6 of 30
6. Question
1 points
Category: Indirect Tax Laws
Export Promotion Capital Goods Scheme (EPCG) permits ———-to import capital goods for preproduction, production and post-production at zero customs duty or procure them indigenously
without paying duty in the prescribed manner.
Correct
Incorrect
Question 7 of 30
7. Question
1 points
Category: Indirect Tax Laws
——– times of duty taxes and cess saved on capital goods imported under EPCG scheme, to be fulfilled in —- years reckoned from Authorization issue-date which is a specific export obligation:
Correct
Incorrect
Question 8 of 30
8. Question
1 points
Category: Indirect Tax Laws
As per Average Export Obligation average level of exports made by the applicant in the preceding ——–licensing years for the same and similar products:
Correct
Incorrect
Question 9 of 30
9. Question
1 points
Category: Indirect Tax Laws
If Authorization holder has fulfilled ———% or more of specific export obligation and —-% of Average .Export Obligation till date, if any, in half or less than half the original export obligation period specified, remaining export obligation shall be condoned:
Correct
Incorrect
Question 10 of 30
10. Question
1 points
Category: Indirect Tax Laws
Customs duty paid on Capital Goods is remitted in the form of freely transferable duty credit scrip(s) Specific EO shall be ———- of the applicable specific EO:
Correct
Incorrect
Question 11 of 30
11. Question
1 points
Category: Indirect Tax Laws
In case of indigenous sourcing of capital goods, specific EO shall be————- times
Correct
Incorrect
Question 12 of 30
12. Question
1 points
Category: Indirect Tax Laws
Domestic manufacturer shall be eligible for deemed export benefits under FTP and as may be provided under GST Rules under the category of deemed exports:
Correct
Incorrect
Question 13 of 30
13. Question
1 points
Category: Indirect Tax Laws
For calculating export performance for grant of One Star Export House Status category, exports by IEC holders under the following categories shall be granted double weightage
Correct
Incorrect
Question 14 of 30
14. Question
1 points
Category: Indirect Tax Laws
Status holders shall be entitled to export freely exportable items (excluding Gems and Jewellery, Articles of Gold and precious metals) on free of cost basis for export promotion subject to an annual limit of ` 1 crore or 2% of average annual export realization during preceding ———- licensing years, whichever is lower
Correct
Incorrect
Question 15 of 30
15. Question
1 points
Category: Indirect Tax Laws
Only projects having a minimum investment of Rs. ——– crore in plant & machinery shall be considered for establishment as EOUs
Correct
Incorrect
Question 16 of 30
16. Question
1 points
Category: Indirect Tax Laws
Approval for setting up of units under EOU scheme shall be granted by the Units Approval Committee within ——— days
Correct
Incorrect
Question 17 of 30
17. Question
1 points
Category: Indirect Tax Laws
For EOUs LoP/LoI shall be valid for ———-years
Correct
Incorrect
Question 18 of 30
18. Question
1 points
Category: Indirect Tax Laws
Supplies from DTA to such units will be regarded as deemed exports and DTA supplier shall be eligible for relevant entitlements for deemed exports on the supplier besides discharge of export obligation, if any, on the supplier
Correct
Incorrect
Question 19 of 30
19. Question
1 points
Category: Indirect Tax Laws
In addition, EOU / EHTP / STP / BTP units shall be entitled to following
Correct
Incorrect
Question 20 of 30
20. Question
1 points
Category: Indirect Tax Laws
Export promotion material upto ——— % of FOB value of previous year’s exports. :
Correct
Incorrect
Question 21 of 30
21. Question
1 points
Category: Indirect Tax Laws
Deemed Exports refer to those transactions in which goods manufactured in India are supplied to specified ———-
Correct
Incorrect
Question 22 of 30
22. Question
1 points
Category: Indirect Tax Laws
In deemed exports, goods supplied do not leave the country and payment for such supplies is received either in Indian rupees or in free foreign exchange by the recipient of the goods
Correct
Incorrect
Question 23 of 30
23. Question
1 points
Category: Indirect Tax Laws
Deemed exports cover three areas ——-
Correct
Incorrect
Question 24 of 30
24. Question
1 points
Category: Indirect Tax Laws
Categories of Supplies considered as ‘Deemed Export’ include:
Correct
Incorrect
Question 25 of 30
25. Question
1 points
Category: Indirect Tax Laws
‘Deemed Export’ shall be eligible for ———-
Correct
Incorrect
Question 26 of 30
26. Question
1 points
Category: Indirect Tax Laws
Supply of domestically manufactured goods by an Indian Sub-contractor to any Indian or foreign main contractor, directly at the designated project’s/ Agency’s site, shall also be eligible for deemed export benefit provided name of ———- is indicated either originally or subsequently (but before the date of supply of such goods) in the main contract
Correct
Incorrect
Question 27 of 30
27. Question
1 points
Category: Indirect Tax Laws
An EOU/EHTP/STP/BTP unit may, on the basis of a firm contract between parties, source capital goods from a domestic/ foreign leasing company with/without payment of duty/ taxes
Correct
Incorrect
Question 28 of 30
28. Question
1 points
Category: Indirect Tax Laws
Transfer of manufactured goods from one EOU / EHTP / STP / BTP unit to another EOU / EHTP / STP /BTP unit is allowed on payment of applicable GST and compensation cess with prior intimation to
concerned ———- of the transferor and transferee units as well as concerned Customs authorities, following the prescribed procedure
Correct
Incorrect
Question 29 of 30
29. Question
1 points
Category: Indirect Tax Laws
An amount equal to ————–duty under section 9A of the Customs Tariff Act, 1975 leviable at the time of import, shall be payable on the goods used for the purpose of manufacture or processing of the goods cleared into DTA from the unit
Correct
Incorrect
Question 30 of 30
30. Question
1 points
Category: Indirect Tax Laws
Rejects may be sold in DTA on payment of applicable ——- along with reversal of basic customs duty availed as exemption on inputs on prior intimation to Customs authorities
Correct
Incorrect
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