SSI units availing CENVAT can clear their goods upto Rs. 1 Crore @ ____________of tariff duty.
10%
25%
50%
60%
Correct Answer :
D. 60%
Related Questions
In case of non-payment of excise duty, interest is to be paid @ ____________on the amount of unpaid duty, or, _________ per day, whichever is higher.
15%, Rs.1000
24%, Rs.1,000
24%, Rs.500
15%, Rs.500
Service Tax is levied by the Central Government
True
False
The claim for refund of excess Service Tax paid has to be made within _______________ from the date of payment of excess tax.
3 Months
6 Months
1 Year
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
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
A 100% Export Eriented Undertaking is exempted from obtaining registration.
True
False
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
SSI units availing CENVAT can clear their goods upto Rs. 1 Crore @ ____________of tariff duty.
10%
25%
50%
60%
In relation to Excise Duty, under Physical Control System, goods can be removed on any day, at any time.
True
False
PLA stands for
Personalised Ledger Account
Personal Ledger Account
Privilege Leave Allowed
Personal Ledger Amount
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)
Remission of excise duty can be applied for in case of destruction of goods by
Natural causes
Unavoidable accident
Both of the above
None of the above
The New ECC of a registered excise dealer having PAN IAVSG2356X is IAVSG2356X XD 001.
True
False
The concept of service tax was introduced in India , in the year
1994-95
2000-01
2004-05
None of them.
Service tax is payble on service even if provided is abrod
True
False
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.
STC stands for
Sales Tax Code
Service Tax Code
Service Transaction Code
Service Trader Code
An appeal to the Apellate Tribunal, in connection with Service Tax, has to be made within ___________ with a fee of ______________.
3 Months, Rs.200
3 Months, Rs.50
2 Months, Rs.200
1 Month, Rs.200
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
There is a provision of remission of Excise duty in case of destruction of goods by natural causes only.
True
False
A manufacturer may be exempted from payment of excise duty if he proves that the goods are unfit for consumption.
True
False
The registration certificate obtained from excise authorities is to be exhibited at the registered premises.
True
False
Excise related records cannot be maintained on computer hard disks.
True
False
Form ST-3, in connection with Service Tax, is to be filed on half-yearly basis.
True
False
SSI unit stands for
Small Sale Industries Unit
Small Scale Industrial Unit
Same Scale Industrial Unit
None of the above
Service tax is administrated by
Central excise commissionerates
Service tax commissionerates
CBDT
None of the above
A person manufacturing excisable goods with "nil rate" of Excise Duty does not have to apply for registration.
True
False
The time limit for sending back manufactured goods by job-worker to the principal manufacturer is ______________ days.
6 Months
180 Days
1 Year
None of the above
Total number of services brought under Service Tax net through Finance Act, 2005 is 10.
True
False
Excise Duty is payable at the time of completion of manufacture of goods.
True
False