CMA Final · Indirect Tax Laws and Practice · Duty Drawback
Under section 74 of the Customs Act, 1962, which matter is expressly stated as something the Central Government may provide for by rules?
Section 74(3) empowers the Central Government to make rules covering, among other things, the manner and time within which a drawback claim is to be filed. It also covers establishing identity of bulk goods and specifying goods deemed not easily identifiable.
- AThe rate of customs duty on imported goods
- BThe manner and time within which a claim for payment of drawback is to be filedCorrect
- CThe period of imprisonment for offences relating to export
- DThe power to appoint the Assistant Commissioner of Customs
Explanation
Section 74(3) lets the Central Government make rules, including on how identity of bulk-stored goods from different consignments is established, which goods are deemed not easily identifiable, and the manner and time for filing a drawback claim. The other options are not listed in that sub-section.
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