When goods cannot be classified in accordance with Rules 1, 2 or 3, how is it classified by applying which of the residuary principle?

CS Executive · Tax Laws · PYQS · June 2021
When goods cannot be classified in accordance with Rules 1, 2 or 3, how is it classified by applying which of the residuary principle?
(A) Latter the better principle
(B) Akin Principle
(C) Essential Character Principle
(D) Specific identification principle

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Customs Act

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