Beta Ltd, Mumbai imported machinery from Denmark. After using the machinery for 16 months, it was sold to Gama Inc. Canada. How much of the custom duty paid is eligible for refund to Beta Ltd ?
CS Executive · Tax Laws · PYQS · June 2021
Beta Ltd, Mumbai imported machinery from Denmark. After using the machinery for 16 months, it was sold to Gama Inc. Canada. How much of the custom duty paid is eligible for refund to Beta Ltd ?
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Customs Act
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