INDIRECT TAXATION

Paper-11

Syllabus-2016
Set-3

Answer of Postal test Paper

Set-3

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1 (A) MCQ
(i) B
(ii) D
(iii) D
(iv) D
(v) A
(vi) C
(vii) D

(B) Say Yes/No for the following questions:

(i) Yes
(ii) No
(iii) No
(iv) Yes
(v) No
(vi) Yes

(C) Match the following:

Column ‘A’ Column ‘B’
(i) Cenvat credit Rules Year 2004

(ii) Indirect Tax Regressive in Nature

(iii) B-2 Bond Provisional Assessment

(iv) CFC Certified facilitation centre

(v) Pilferage Section 13

Q. 2 A.

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B.

Q. 3
A.
In the given case actual export took place only after revised shipping bill was submitted on 25th March
2016, for which entry outwards granted on 27th March, 2016. Hence, the rate prevalent as on the date of
entry outwards granted to the vessel is relevant for determination of rate of duty. Therefore, assessee is
liable to pay export duty @10%.

B.
Cultivation, harvesting, seed testing • Supply of farm labour • Trimming, sorting etc., thereby marketable in the
primary market • Renting of agro machinery loading, unloading, packing, storage and warehousing of agricultural
produce • Agricultural extention services • Services by any agriculrual Produce marketing committee • Commission
on Sale or Purchase of Agricultural Produce • Cultivation Of Ornamental Flowers • Poultry Farm

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Q.4
A.

B.
Following goods are eligible from purchase at concessional rate in inter-State sales against Form C:
(a) Goods intended for resale
(b) Used in manufacturing/processing of goods for sale
(c) Used in mining
(d) Used in generation/distribution of power
(e) Used in packing of goods for sale / resale
(f) Used in telecommunication network

Q. 5
A.

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B.

C.
The definition of ‘sale’ u/s 2(g) specifically excluded mortgage, hypothecation of goods, charge or pledge
on goods.
Hence, CST cannot be charged when there is transfer by way or mortgage.

Q. 7
A.

B.

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