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

Under section 143AA of the Customs Act, 1962, which authority may prescribe a 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, in order to facilitate trade?

The Board is the authority. Section 143AA of the Customs Act, 1962 empowers the Board to take measures or prescribe a separate procedure or documentation for a class of importers or exporters, for categories of goods, or by mode of transport, so as to facilitate trade.

  1. AThe BoardCorrect
  2. BThe Central Government by an Act of Parliament
  3. CThe Appraiser at the port of import
  4. DThe Adjudicating Authority in each case

Explanation

Section 143AA says that the Board may, for the purposes of facilitation of trade, take measures or prescribe a separate procedure or documentation for a class of importers or exporters, categories of goods or modes of transport. It is not given to an Appraiser or an Adjudicating Authority, and it is not made by Parliament through a fresh Act for each case.

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