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CA Final · Indirect Tax Laws · Importation and Exportation of Goods

Which of the following is a purpose listed in section 11 of the Customs Act, 1962 for which the Central Government may, by notification, prohibit import or export of goods of a specified description?

The Central Government may prohibit import or export to protect national treasures of artistic, historic or archaeological value, which is a listed purpose in section 11(2). Raising revenue, helping domestic manufacturers' tax position or IGST refunds are not listed purposes.

  1. AProtection of national treasures of artistic, historic or archaeological valueCorrect
  2. BIncreasing the revenue collected from customs duty
  3. CReducing the tax liability of domestic manufacturers
  4. DFacilitating refund of IGST to exporters

Explanation

Section 11(2)(l) lists protection of national treasures of artistic, historic or archaeological value as a permitted purpose. The other options are not among the listed purposes.

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