Tax and Central Excise
ICWAI
Objective Type questions and Answers on Indirect Tax
1. Multiple Choice Questions
(1) Excise duty can be levied on those goods which are a) Manufactured in India b) Sold in India a) Removed from the factory b) None of the above
(2) Dutiable goods means a) Goods are subject to Central Excise duty b) Goods which are exempted from excise duty c) Non excisable goods d) Goods not at all mentioned in the Central Excise Tariff
(3) Place of Removal under Central Excise means a) Removing the goods from the place of distributor b) Removing the goods from the place of customs station c) Removing the goods from the place of factory d) None of the above
(4) Non-Dutiable goods means a) Name of the product not mentioned in the Tariff Act b) Name of the product mentioned in the Tariff Act c) Name of the product mentioned in the Tariff Act with the Rate of Duty d) Name of the product mentioned in the Tariff Act with the Zero Rate
(5) Payment of Central Excise Duty depends up on a) Removal goods from the place of removal b) Manufacture of goods in the factory c) Deemed manufacture of goods d) Removal goods for branch transfer
(6) The excise duty on alcoholic goods manufactured by the manufacturer is payable to a) State Government b) Central Government c) Corporation d) Local authority
(7) Which of the following duties is covered under the First Schedule of the Central Excise Tariff Act? a) Basic Excise duty b) Special Excise Duty c) Additional Excise Duty d) Education Cess
(8) Which of the following duties is under the purview of the State Government? a) Central Excise duty b) Customs duty c) Service tax d) VAT
(9) Which are the goods still under the physical control? (a) Plastic products (b) Cigarette products (c) Apparel products (d) Glass products
(10) At the time of manufacture of product X attracts 14% BED. At the time of removal the rate of duty is 8%. Which is the
Objective Type questions and Answers on Indirect Tax
1. Multiple Choice Questions
(1) Excise duty can be levied on those goods which are a) Manufactured in India b) Sold in India a) Removed from the factory b) None of the above
(2) Dutiable goods means a) Goods are subject to Central Excise duty b) Goods which are exempted from excise duty c) Non excisable goods d) Goods not at all mentioned in the Central Excise Tariff
(3) Place of Removal under Central Excise means a) Removing the goods from the place of distributor b) Removing the goods from the place of customs station c) Removing the goods from the place of factory d) None of the above
(4) Non-Dutiable goods means a) Name of the product not mentioned in the Tariff Act b) Name of the product mentioned in the Tariff Act c) Name of the product mentioned in the Tariff Act with the Rate of Duty d) Name of the product mentioned in the Tariff Act with the Zero Rate
(5) Payment of Central Excise Duty depends up on a) Removal goods from the place of removal b) Manufacture of goods in the factory c) Deemed manufacture of goods d) Removal goods for branch transfer
(6) The excise duty on alcoholic goods manufactured by the manufacturer is payable to a) State Government b) Central Government c) Corporation d) Local authority
(7) Which of the following duties is covered under the First Schedule of the Central Excise Tariff Act? a) Basic Excise duty b) Special Excise Duty c) Additional Excise Duty d) Education Cess
(8) Which of the following duties is under the purview of the State Government? a) Central Excise duty b) Customs duty c) Service tax d) VAT
(9) Which are the goods still under the physical control? (a) Plastic products (b) Cigarette products (c) Apparel products (d) Glass products
(10) At the time of manufacture of product X attracts 14% BED. At the time of removal the rate of duty is 8%. Which is the