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CMA Final · Indirect Tax Laws and Practice · Trade Facilitation Measures

Section 143AA of the Customs Act, 1962 empowers the Board to prescribe a separate procedure or documentation for facilitating trade. For which of the following may such separate procedure be prescribed?

The Board may prescribe separate procedure or documentation for a class of importers or exporters, for categories of goods, or on the basis of modes of transport of goods. The section contains no limits based on licences, value thresholds or sea-port routes.

  1. AA class of importers or exporters, categories of goods, or modes of transport of goodsCorrect
  2. BOnly individual importers who have been granted a licence by the Central Government
  3. COnly goods whose assessable value is below a limit fixed by Parliament
  4. DOnly goods imported through sea ports and not through land or air routes

Explanation

Section 143AA lets the Board take measures or prescribe separate procedure or documentation for a class of importers or exporters, for categories of goods, or on the basis of the modes of transport of goods. The other options add restrictions (licence, value limit, sea ports only) that the section does not contain.

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