P-11-Set-4.pdf - INDIRECT TAXATION Paper-11 Syllabus-2016 Set-4 Answer of Postal test Paper Set-4 www.globalcma.in [email protected] Sol.1(A

P-11-Set-4.pdf - INDIRECT TAXATION Paper-11 Syllabus-2016...

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INDIRECT TAXATION Paper-11 [email protected] Answer of Postal test Paper Set-4 Syllabus-2016 Set-4
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INDIRECT TAXATION Sol.1 (A) MCQ (i) C (ii) B (iii) B (iv) A (v) C (vi) D (vii) A (B) Say Yes/No for the following questions: (i) Yes (ii) Yes (iii) No (iv) Yes (v) No (vi) Yes (C) Match the following: Column ‘A’ Column ‘B’ (i) CAS-4 Cost of Production (ii) DTA Domestic Tariff Area (iii) CERA Central Excise revenue audit (iv) CVD Countervailing Duty (v) POT Point Of Taxation
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INDIRECT TAXATION Q. 2 A. B. Input Tax Credit = Rs. 100 * 950 kg * 5% = Rs 4750/- C. As per section 61 (2)(ii) of the Customs Act, 1962, if goods (belonging to importer other than 100% EOU) are kept in the warehouse beyond a period of 90 days, interest shall be payable @15% p.a. on the amount of duty payable at the time of clearance of the goods. The interest shall be payable after the expiry of the said 90 days till the date of payment of duty. Q.3 A.
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INDIRECT TAXATION B.
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