Javed imported computers for his office use and paid ₹4,00,000 as import duty. The computers are re-exported after being use of 13 months. The amount of allowed Duty Drawback under Custom Laws is:
CS Executive · Tax Laws · PYQS · December 2022
Javed imported computers for his office use and paid ₹4,00,000 as import duty. The computers are re-exported after being use of 13 months. The amount of allowed Duty Drawback under Custom Laws is:
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Customs Act, 1962
Related Questions in this Topic
- An amount of __________ is required to be paid along with the application for Advance Ruling under Customs Act, 1962.
- The time limit under Customs Law under section 74 for duty drawback is :
- What is the minimum monetary limit below which refund cannot be granted under the Customs Act, 1962?
- Goods for customs duty levy which cannot be classified in accordance with Rules 1, 2 or 3 shall be classified under :
- The important purpose of implementation of the Customs Act is to :