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4

In relation to central Excise, under Physical Control System, goods can be removed on any day, at any time.

A. True

B. False

Correct Answer :

B. False


Related Questions

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4

The Registration Certificate is issued within _______________________ days of receipt of application at the Excise Office.

A. 5

B. 7

C. 15

D. 30

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4

Service Tax is levied by the Central Government

A. True

B. False

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4

The Central Excise law is administered by

A. Central Board of Indirect Taxes

B. Central Board of Excise and Customs

C. Central Board of Excise Duty

D. Central Government

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4

In case of excise dutty the duplicate copy of invoice is for the

A. Buyer

B. Transporter

C. Assessce

D. None of the above

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4

In case of centralised billing system only one application is required in respect of all the premises for registration under service tax.

A. True

B. False

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4

In relation to Excise Duty form AR-1 is to be submitted for clearing goods under

A. Physical Control System

B. Self Control System

C. Both (a) and (b)

D. None of the above

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4

The New ECC of a registered excise dealer having PAN IAVSG2356X is IAVSG2356X XD 001.

A. True

B. False

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4

A 100% Export Eriented Undertaking is exempted from obtaining registration.

A. True

B. False

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4

There is a provision of remission of Excise duty in case of destruction of goods by natural causes only.

A. True

B. False

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4

The taxable event under Central Excise law is

A. Manufacture of excisable goods

B. Sale of excisable goods

C. Removal of goods from factory

D. Whichever is later

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4

Remission of excise duty can be applied for in case of destruction of goods by

A. Natural causes

B. Unavoidable accident

C. Both of the above

D. None of the above

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4

The Document to be enclosed with the application for registration under Excise Rules is / are

A. Ground Plan

B. Rent Receipt / Document of ownership

C. Articles of Association

D. All of the above

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4

Return of Service Tax is to be furnished to be to the Superintendent of ______________ in Form ______________.

A. Service Tax, ST-3

B. Central Excise, ST-3

C. Service Tax, TR-6

D. Central Excise, TR-6

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4

The annual turnover of a SSI unit (under non-CENVAT SCHEME) is Rs.60 Lakhs. The amount of duty payable by him is

A. Rs.36 Lakhs

B. Rs.36,000

C. Rs.24 Lakhs

D. None of the above

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4

Service Tax is administered by

A. Central Excise Commissionerate

B. Service Tax Commissionerate

C. CBDT

D. None of the above

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4

A SSI unit opting for non-CENVAT facility has to pay duty after crossing turnover of ____________ at full rate of tariff duty.

A. Rs.1 Crore

B. Rs. 50,000

C. Rs.25,000

D. Rs.5,000

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4

The time limit for sending back manufactured goods by job-worker to the principal manufacturer is ______________ days.

A. 6 Months

B. 180 Days

C. 1 Year

D. None of the above

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4

A manufacturer may be exempted from payment of excise duty if he proves that the goods are unfit for consumption.

A. True

B. False

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4

SSI units availing CENVAT can clear their goods upto Rs. 1 Crore @ ____________of tariff duty.

A. 10%

B. 25%

C. 50%

D. 60%

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4

SSI unit stands for

A. Small Sale Industries Unit

B. Small Scale Industrial Unit

C. Same Scale Industrial Unit

D. None of the above

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4

Input credit of Service Tax can be availed only if the final service is of the same category as that of the input service.

A. True

B. False

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4

PLA stands for

A. Personalised Ledger Account

B. Personal Ledger Account

C. Privilege Leave Allowed

D. Personal Ledger Amount

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4

Form ST-3, in connection with Service Tax, is to be filed on half-yearly basis.

A. True

B. False

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4

An appeal to the Apellate Tribunal, in connection with Service Tax, has to be made within ___________ with a fee of ______________.

A. 3 Months, Rs.200

B. 3 Months, Rs.50

C. 2 Months, Rs.200

D. 1 Month, Rs.200

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4

A person manufacturing excisable goods with "nil rate" of Excise Duty does not have to apply for registration.

A. True

B. False

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4

Total number of services brought under Service Tax net through Finance Act, 2005 is 10.

A. True

B. False

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4

In a financial year, turnover of upto _________________ is exempted from payment of Central Excise duty.

A. Rs.50 lakhs

B. Rs.1 Crore

C. Rs.2 Crore

D. None of the above

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4

In case of service tax all appeals , relating to matters of valuation & classification , against order of Tribunnal lies with the

A. Supreme Court

B. High Court

C. District Court

D. None of the above

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4

In relation to Excise Duty, under Physical Control System, goods can be removed on any day, at any time.

A. True

B. False

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4

Excise related records cannot be maintained on computer hard disks.

A. True

B. False