Geo Ltd, Ahmedabad exported its machinery to EXE Co. Inc. of UK. It paid export duty of ₹21 lakhs. After using them for 12 months it was returned by Exe Inc. UK to Geo Ltd. How much Geo Ltd. is eligible for refund of exp
CS Executive · Tax Laws · PYQS · June 2021
Geo Ltd, Ahmedabad exported its machinery to EXE Co. Inc. of UK. It paid export duty of ₹21 lakhs. After using them for 12 months it was returned by Exe Inc. UK to Geo Ltd. How much Geo Ltd. is eligible for refund of export duty paid earlier ?
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Customs Act
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