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

Which of the following is NOT among the purposes listed in Section 143AA for which the Board may take trade facilitation measures?

Increasing customs duty to protect domestic industry is not a purpose under Section 143AA. The section is limited to transparency in documentation, expediting clearance, reducing transaction cost, and balancing customs control with facilitation of legitimate trade.

  1. AMaintaining transparency in import and export documentation
  2. BExpediting clearance or release of goods entered for import or export
  3. CIncreasing the rate of customs duty on categories of goods to protect domestic industryCorrect
  4. DMaintaining balance between customs control and facilitation of legitimate trade

Explanation

Section 143AA lists transparency in documentation, expediting clearance or release, reducing transaction cost of clearance, and balancing customs control with facilitation of legitimate trade. Raising duty rates for protection is not a listed purpose; it is not a facilitation measure.

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