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

Which of the following is NOT stated in Section 143AA as a purpose for which the Board may take trade facilitation measures?

Increasing the rate of customs duty is not a purpose listed in Section 143AA. The section lists transparency in documentation, expedited clearance, lower transaction cost and a balance between customs control and 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 specified goodsCorrect
  4. DMaintaining balance between customs control and facilitation of legitimate trade

Explanation

Section 143AA lists transparency in documentation, expedited clearance, reduced transaction cost, and balance between control and facilitation of legitimate trade. Raising duty rates is not a listed purpose, so that option is the one not stated.

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