If neither the imported goods nor identical nor similar imported goods are sold in India in the condition as imported, then, the value shall be based on the unit price at which the imported goods, ———–processing, are sold in the greatest aggregate quantity to persons who are not related to the seller in India
Correct
Incorrect
Question 2 of 30
2. Question
1 points
Category: Indirect Tax Laws
The value of imported goods shall be based on a computed value, which shall consist of the sum of —————
Correct
Incorrect
Question 3 of 30
3. Question
1 points
Category: Indirect Tax Laws
The value of imported goods shall be based on a computed value, which shall consist of the sum of ————-
Correct
Incorrect
Question 4 of 30
4. Question
1 points
Category: Indirect Tax Laws
Where the value of imported goods cannot be determined under the provisions of any of the rules, the value shall be determined as per ——-
Correct
Incorrect
Question 5 of 30
5. Question
1 points
Category: Indirect Tax Laws
No value shall be determined under the provisions of rule 9 on the basis of ———
Correct
Incorrect
Question 6 of 30
6. Question
1 points
Category: Indirect Tax Laws
No value shall be determined under the provisions of rule 9 on the basis of ————-
Correct
Incorrect
Question 7 of 30
7. Question
1 points
Category: Indirect Tax Laws
As per rule 10 in determining the transaction value, there shall be added to the price actually paid or payable for the imported goods the following to the extent they are incurred by the buyer but are not included in the price actually paid or payable for the imported goods, namely
Correct
Incorrect
Question 8 of 30
8. Question
1 points
Category: Indirect Tax Laws
State which of the following are to be added to transaction value as per rule 10(1) in the following case Where the value, apportioned of the following goods and services where supplied directly or indirectly by the buyer free of charge or at reduced cost for use in connection with the production and sale for export of imported goods (not been included in the price)
Correct
Incorrect
Question 9 of 30
9. Question
1 points
Category: Indirect Tax Laws
State which of the following are to be added to transaction value as per rule 10(1) in the following case Where the value, apportioned of the following goods and services where supplied directly or indirectly by the buyer free of charge or at reduced cost for use in connection with the production and sale for export of imported goods (not been included in the price)
Correct
Incorrect
Question 10 of 30
10. Question
1 points
Category: Indirect Tax Laws
State which of the following are to be added to transaction value as per rule 10(1) to the extent they are incurred by the buyer but not included in the price
Correct
Incorrect
Question 11 of 30
11. Question
1 points
Category: Indirect Tax Laws
State whether the following costs should be added to the transaction value
i. Dismantling charges for removing the second hand plant at the foreign supplier’s place and shipping to the Indian importer
ii. Training charges paid to supplier, for imparting training to the Indian company’s personnel , on how to use the equipment
Correct
Incorrect
Question 12 of 30
12. Question
1 points
Category: Indirect Tax Laws
State whether the following costs should be added to the transaction value
i) Fee charged by foreign supplier for supervision of erection and commissioning of imported plant in India
ii) Stevedoring charges or uploading charges
Correct
Incorrect
Question 13 of 30
13. Question
1 points
Category: Indirect Tax Laws
State whether the following costs should be added to the transaction value
i) Lump sum payment and annual royalty for transfer of technical know-how for manufacturing goods using imported plant
ii) Lump sum payment and annual royalty for transfer of technical know-how for manufacturing goods using imported plant are incurred as a condition of sale
Correct
Incorrect
Question 14 of 30
14. Question
1 points
Category: Indirect Tax Laws
State whether the following costs should be added to the transaction value
i) Payment for tools, dies and moulds (imported along with the plant) for use in connection with the manufacture of excisable goods on successful commissioning of the imported plant
ii) Service charges paid to canalizing agent (he purchases goods from overseas seller and sells to India)
Correct
Incorrect
Question 15 of 30
15. Question
1 points
Category: Indirect Tax Laws
Where the cost of transport of the imported goods to the place of importation is not ascertainable, then such cost shall be ———-
Correct
Incorrect
Question 16 of 30
16. Question
1 points
Category: Indirect Tax Laws
The loading, unloading and handling charges associated with the delivery of the imported goods at the place of importation shall be ——–
Correct
Incorrect
Question 17 of 30
17. Question
1 points
Category: Indirect Tax Laws
Where the cost of insurance is not ascertainable, then such cost shall be ————–
Correct
Incorrect
Question 18 of 30
18. Question
1 points
Category: Indirect Tax Laws
In case of goods imported by air, where the cost of transport is ascertainable, then such cost shall be ————
Correct
Incorrect
Question 19 of 30
19. Question
1 points
Category: Indirect Tax Laws
Where the free on board value of the goods is not ascertainable, the cost of transport of the imported goods to the place of importation, shall be ————–
Correct
Incorrect
Question 20 of 30
20. Question
1 points
Category: Indirect Tax Laws
Where the free on board value of the goods is not ascertainable, the cost of insurance, shall be ———–
Correct
Incorrect
Question 21 of 30
21. Question
1 points
Category: Indirect Tax Laws
The cost of transport of the imported goods includes ————
Correct
Incorrect
Question 22 of 30
22. Question
1 points
Category: Indirect Tax Laws
The value of export goods shall be the ————
Correct
Incorrect
Question 23 of 30
23. Question
1 points
Category: Indirect Tax Laws
The transaction value shall be accepted even where the buyer and seller are related, provided that the relationship has not influenced the price
Correct
Incorrect
Question 24 of 30
24. Question
1 points
Category: Indirect Tax Laws
The value of the export goods shall be based on the transaction value of goods of ————-
Correct
Incorrect
Question 25 of 30
25. Question
1 points
Category: Indirect Tax Laws
In determining the value of export goods in the absence same destination country of importation, the proper officer shall make such adjustments as appear to him reasonable, taking into consideration the relevant factors including
Correct
Incorrect
Question 26 of 30
26. Question
1 points
Category: Indirect Tax Laws
Computed value, shall include ———–the following
Correct
Incorrect
Question 27 of 30
27. Question
1 points
Category: Indirect Tax Laws
Provisions for classification of sets of articles and accessories are specified in —————of customs act, 1962
Correct
Incorrect
Question 28 of 30
28. Question
1 points
Category: Indirect Tax Laws
Where goods consist of a set of articles liable to duty with reference to quantity duty shall be chargeable to ———–
Correct
Incorrect
Question 29 of 30
29. Question
1 points
Category: Indirect Tax Laws
Where goods consist of a set of Articles liable to duty with reference to value shall, if they are liable to duty at the same rate, be chargeable to ———–
Correct
Incorrect
Question 30 of 30
30. Question
1 points
Category: Indirect Tax Laws
Where goods consist of a set of Articles liable to duty with reference to value shall, if they are liable to duty at the different rates, be chargeable to ————–
Correct
Incorrect
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