Home
Current Affairs January 2024

What is the correct answer?

4

The registration certificate obtained from excise authorities is to be exhibited at the registered premises.

A. True

B. False

Correct Answer :

A. True


Related Questions

What is the correct answer?

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

What is the correct answer?

4

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

A. True

B. False

What is the correct answer?

4

Excise Duty is payable at the time of completion of manufacture of goods.

A. True

B. False

What is the correct answer?

4

In relation to Excise Duty, fresh application for registration has to be made for an already registered concern, in case of

A. Death of a director of a limited company

B. Death of a partner of a partnership firm

C. Death of an individual manufacturer

D. Both (b) and (c)

What is the correct answer?

4

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

A. True

B. False

What is the correct answer?

4

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

A. True

B. False

What is the correct answer?

4

Service tax is administrated by

A. Central excise commissionerates

B. Service tax commissionerates

C. CBDT

D. None of the above

What is the correct answer?

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

What is the correct answer?

4

The claim for refund of excess Service Tax paid has to be made within _______________ from the date of payment of excess tax.

A. 3 Months

B. 6 Months

C. 1 Year

D. None of the above

What is the correct answer?

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

What is the correct answer?

4

Registration formality has been exempted by CBE&C in case of

A. SSI units availing slab exemption

B. Jobworker, if duty liability is paid by principal employer

C. 100% EOU

D. All of the above

What is the correct answer?

4

Excise Duty is to be paid through ________________ challan.

A. TR - 6

B. TR - 3

C. ST - 6

D. ST - 3

What is the correct answer?

4

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.

A. 15%, Rs.1000

B. 24%, Rs.1,000

C. 24%, Rs.500

D. 15%, Rs.500

What is the correct answer?

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

What is the correct answer?

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

What is the correct answer?

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

What is the correct answer?

4

In case the factories of a manufacturer, covered by Central Excise law, falls under different Commissionerates, New ECC will be issued by

A. Director General of Inspection

B. Commissionerate Headquarter

C. Deputy Commissioner

D. None of the above

What is the correct answer?

4

The registration certificate obtained from excise authorities is to be exhibited at the registered premises.

A. True

B. False

What is the correct answer?

4

There is no service tax on

A. sale of service

B. export of service

C. Both of the above

D. None of the above

What is the correct answer?

4

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

A. True

B. False

What is the correct answer?

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

What is the correct answer?

4

STC stands for

A. Sales Tax Code

B. Service Tax Code

C. Service Transaction Code

D. Service Trader Code

What is the correct answer?

4

The concept of service tax was introduced in India , in the year

A. 1994-95

B. 2000-01

C. 2004-05

D. None of them.

What is the correct answer?

4

Service tax is an example of

A. Direct Tax

B. Indirect Tax

C. Mixed Tax

D. None of the above

What is the correct answer?

4

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

A. 10%

B. 25%

C. 50%

D. 60%

What is the correct answer?

4

Service Tax is levied by the Central Government

A. True

B. False

What is the correct answer?

4

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

A. True

B. False

What is the correct answer?

4

In India service tax had been levied on the recomendation of

A. Tax Reforms Commitee

B. Ministry of Finance

C. CBDT

D. Revinue Minister

What is the correct answer?

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

What is the correct answer?

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