WebCustom MCQ_1 By VG - Read online for free. customs. customs. Custom MCQ - 1 by VG. Uploaded by IS WING AP. 0 ratings 0% found this document useful (0 votes) 8 views. ... Under Section 14 of the Customs Act 1962, the transaction value shall be calculated with reference to the rate of exchange as in force on the date on which: (a) ... Web9 apr. 2024 · Examine the validity of the following statements with reference to the Customs Act, 1962 giving brief reasons:- Goods exempt from basic customs duty would …
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Web4 jul. 2024 · Tax Laws MCQ on Custom Act 1962 1. Under the Customs Act, 1962, the regulations making power is delegated to (A) Central Board of Indirect Taxes and … Web11 apr. 2024 · 1. If the goods are imported by air, the freight cannot exceed 20% of FOB price [Fifth proviso to rule 10 (2) of the Customs (Determination of Value of Imported Goods) Rules, 2007], 2. Rate of exchange determined by CBIC is considered [clause (a) of the explanation to section 14 of the Customs Act, 1962]. Question 6. presto mason jar values
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