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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 take trade facilitation measures. Which of the following is a power conferred by that section?

Section 143AA allows the Board to prescribe a separate procedure or documentation for a class of importers or exporters, for categories of goods, or based on the mode of transport, to facilitate trade. It does not grant power over duty rates or exemptions.

  1. ATo prescribe a separate procedure or documentation for a class of importers or exporters, for categories of goods, or based on the mode of transportCorrect
  2. BTo exempt any importer from payment of duty permanently by an internal circular
  3. CTo amend the rates of basic customs duty specified in the First Schedule to the Customs Tariff Act
  4. DTo appoint foreign customs officers to clear goods at Indian ports

Explanation

Section 143AA lets the Board, notwithstanding other provisions, take measures or prescribe separate procedure or documentation for a class of importers or exporters, for categories of goods, or on the basis of modes of transport. The other options describe powers not given by the section, such as rate changes or permanent duty exemption.

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