In case of removal of goods to be destroyed under supervision of Central Excise Officer, the invoice should indicate
Zero' duty
Nil' duty
Exempted
No' Duty
Correct Answer :
B. Nil' duty
Related Questions
There is a provision of remission of Excise duty in case of destruction of goods by natural causes only.
True
False
In relation to Excise Duty form AR-1 is to be submitted for clearing goods under
Physical Control System
Self Control System
Both (a) and (b)
None of the above
The annual turnover of a SSI unit (under non-CENVAT SCHEME) is Rs.60 Lakhs. The amount of duty payable by him is
Rs.36 Lakhs
Rs.36,000
Rs.24 Lakhs
None of the above
In a financial year, turnover of upto _________________ is exempted from payment of Central Excise duty.
Rs.50 lakhs
Rs.1 Crore
Rs.2 Crore
None of the above
PLA stands for
Personalised Ledger Account
Personal Ledger Account
Privilege Leave Allowed
Personal Ledger Amount
The basic objective of service tax is
Broadening the tax base
Augmentation of Revenue
Larger participation of citizens in the economic development of the nation .
All of the above.
A 100% Export Eriented Undertaking is exempted from obtaining registration.
True
False
The Document to be enclosed with the application for registration under Excise Rules is / are
Ground Plan
Rent Receipt / Document of ownership
Articles of Association
All of the above
Service tax is administrated by
Central excise commissionerates
Service tax commissionerates
CBDT
None of the above
The concept of service tax was introduced in India , in the year
1994-95
2000-01
2004-05
None of them.
In relation to Excise Duty, under Physical Control System, goods can be removed on any day, at any time.
True
False
In case of removal of goods to be destroyed under supervision of Central Excise Officer, the invoice should indicate
Zero' duty
Nil' duty
Exempted
No' Duty
Service Tax has to be paid on any advance amount received from the client prior to raising any bill for the service rendered.
True
False
Form ST-3, in connection with Service Tax, is to be filed on half-yearly basis.
True
False
In case of service tax all appeals , relating to matters of valuation & classification , against order of Tribunnal lies with the
Supreme Court
High Court
District Court
None of the above
Excise Duty is payable at the time of completion of manufacture of goods.
True
False
SSI unit stands for
Small Sale Industries Unit
Small Scale Industrial Unit
Same Scale Industrial Unit
None of the above
In India service tax had been levied on the recomendation of
Tax Reforms Commitee
Ministry of Finance
CBDT
Revinue Minister
The registration certificate obtained from excise authorities is to be exhibited at the registered premises.
True
False
Excise Duty is to be paid through ________________ challan.
TR - 6
TR - 3
ST - 6
ST - 3
Excise related records cannot be maintained on computer hard disks.
True
False
In relation to Excise Duty, fresh application for registration has to be made for an already registered concern, in case of
Death of a director of a limited company
Death of a partner of a partnership firm
Death of an individual manufacturer
Both (b) and (c)
SSI units availing CENVAT can clear their goods upto Rs. 1 Crore @ ____________of tariff duty.
10%
25%
50%
60%
Registration formality has been exempted by CBE&C in case of
SSI units availing slab exemption
Jobworker, if duty liability is paid by principal employer
100% EOU
All of the above
There is no service tax on
sale of service
export of service
Both of the above
None of the above
In relation to central Excise, under Physical Control System, goods can be removed on any day, at any time.
True
False
An event management company charged Rs.50,000 from his client for the services rendered by him. The amount of Service Tax (including education cess) to be levied is
Rs.4,000
Rs.5,000
Rs.6,000
Rs.5,100
In case of excise dutty the duplicate copy of invoice is for the
Buyer
Transporter
Assessce
None of the above
In case the factories of a manufacturer, covered by Central Excise law, falls under different Commissionerates, New ECC will be issued by
Director General of Inspection
Commissionerate Headquarter
Deputy Commissioner
None of the above
A SSI unit opting for non-CENVAT facility has to pay duty after crossing turnover of ____________ at full rate of tariff duty.
Rs.1 Crore
Rs. 50,000
Rs.25,000
Rs.5,000