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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 Customs (CBIC)
(B) Respective State Governments
(C) Partly to the Central Government and partly to the respective State Governments
(D) Central Government

2. Under the Customs Act, 1962, the rulemaking power is delegated to
(A) Central Board of Indirect Taxes and Customs (CBIC)
(B) Central Government
(C) Respective State Governments
(D) Partly to the Central Government and partly to the respective State Governments

3. For which of the following Rules can be made by the Central Government u/s 156 of the Customs Act, 1962?
(A) Transaction Value
(B) Form of Bill of Entry
(C) Import & export manifest
(D) Conditions for transshipment & removal of good without payment of duty

4. The Customs Act, 1962, not only regulates the levy and collection of duties but also, serves equally important purposes like
(A) Regulation of imports & exports.
(B) Protection of domestic industry
(C) Prevention of smuggling
(D) Conservation & augmentation of foreign exchange
(E) All of the above

5. Customs Act, 1962 extends to
(A) Whole of India excluding Jammu & Kashmir
(B) Whole of India
(C) Whole of India excluding Jammu & Kashmir and Union Territories
(D) Whole of India excluding Jammu & Kashmir and Special Economic Zones

6. It is Section 12 of the Customs Act, 1962 that provides duties of customs to be levied at such rates as may be specified under the____or other applicable Acts on goods imported into or exported from India.
(A) Customs Tariff Act, 1962
(B) Customs Tariff Act, 1975
(C) Customs Rates & Tariff Act, 1975
(D) Customs Rate Act, 1962

7. As per Section 2(1) of the Customs Act, 1962,____means any authority competent to pass any order or decision under this Act, but does not include the Board, Commissioner (Appeals), or Appellate Tribunal.
(A) Adjudicating Authority
(B) Proper Authority
(C) Proper Officer
(D) Custom Authority

8. As per Section 2(5) of the Customs Act, 1962, “bill of export” means a bill of export referred to in _____.
(A) Section 53
(B) Section 52
(C) Section 51
(D) Section 50

9. “Board” means the Central Board of Indirect Taxes and Customs constituted under the ____.
(A) Central Boards Indirect Taxes Act, 1963
(B) Central Boards of Revenue Act, 1963
(C) Central Boards Indirect Taxes & Customs Act, 1963
(D) Central Boards of Taxation Act, 1963

10. As per Section 2(4) of the Customs Act, 1962, “bill of entry” means a bill of entry referred to in ______.
(A) Section 45
(B) Section 46
(C) Section 47
(D) Section 48

11. As per Section 2(7A) of the Customs Act, 1962, Commissioner (Appeals) means a person appointed to be a Commissioner of Customs (Appeals) under subsection (1) of
(A) Section 3
(B) Section 4
(C) Section 5
(D) Section 7

12. Which of the following is not included within the definition of “Customs Station” as defined in the Customs Act, 1962?
(A) Land customs station
(B) International courier terminal
(C) Foreign post office
(D) Are where goods are kept after custom clearance

13. “ Customs Area” means
(A) Area of a Customs Station
(B) Area of a warehouse
(C) Any area in which imported goods or export goods are ordinarily kept before clearance by Customs Authorities
(D) All of the above

14. Foreign going vessel or aircraft means any vessel or aircraft for the time being engaged in the carriage of_____between any port or airport in India and any port or airport outside India.
(A) Goods
(B) Passengers
(C) Goods or passengers
(D) None of the above

15. As per Section 2(22) of the Customs Act, 1962, “goods” includes
(A) Vessels, aircraft and vehicles
(B) Currency & negotiable instruments
(C) Stores, baggage
(D) Any of the above

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