Indirect Tax Laws - Old Syllabus ICSI - Intermediate - December 2003 Part - B Answer any two questions from this part. Q 6. (a) What do you understand by ‘concept of manufacture or produce’ under the central excise law? (b) What are the provisions for prevention or detection of illegal export of goods under the Customs Act, 1962? (c) What are the provisions for duty drawback allowable on re-export of goods under the Customs Act, 1962? (d) Discuss the instances wherein the goods move out of the selling State but do not constitute inter-State sales under the Central Sales Tax Act, 1956 [5 x 4 = 20 marks]. Q 7. (a) What do you mean by ‘goods’ under the Central Sales Tax Act, 1956? State whether the following fall under the category of goods: - Standing crops or trees: - Newspapers; and –Movable property. (b) Discuss the effect of a sale by transfer of documents of title under the Central Sales Tax Act, 1956. (c) Describe ‘self removal procedure’ under the central excise law. (d) What are the rules for valuation of excisable goods with reference to retail sale price? [5 x 4 = 20 marks] Q 8. (a) Supplies made by a dealer under a contract entered into with State Trading Corporation for the sale of mineral ore is an export sale. Do you agree? Give your justifications. (b) What is the relevant date for determining of the duty, rate and tariff valuation for imported goods? [10+10 = 20 marks] Indirect Tax Laws - Old Syllabus ICSI - Intermediate - June 2003 Part - B Answer any two questions from this part. Q 6. (a) State with reasons whether the following transactions be treated as inter-State Sales
(b) Who is liable to pay excise duty under the Central Excise Act, 1944? (c) What do you understand by ‘warehousing bond’ under the Customs Act, 1962? [8+6+6 = 20 marks] Q 7. (a) State the procedure for recovery of sums due to Government under the Central Excise Act. 1944. (b) Define the following terms in relation to the Central Sales Tax Act, 1956: (i) Place of business and (ii) Business. [10+10 = 20 marks] Q 8. (a) Explain with examples the various types of central excise duties provided under the Central Excise Act, 1944 and rules made thereunder. (b) Define ‘duty drawback’ as per the Customs Act, 1962 and explain briefly the provisions relating to duty drawback. [10+10 = 20 marks] Indirect Tax Laws ICSI - Intermediate - December 2002 Part - B Answer any two questions from this part. Q 6. (a) “Rich Heritage Ltd. manufactured certain products on 15th February, 2002, and on that date the product was fully exempted from excise duty as per applicable exemption notification. The said notification was withdrawn with effect from 1st March, 2002 and the product was removed from the factory on 8th March, 2002. Excise duty can be imposed since the exemption is not applicable on the date of removal.” Give your reaction on the above proposition. (b) Discuss the various provisions relating to stores under the Customs Act, 1962. (c) State, with reasons, whether the central sales tax can be charged in the following situations. (i) Sale of land and building. (ii) Sale of shares and securities. (iii) Value of goods transferred in works contract. (iv) Transfer of property in goods without consideration. (v) Transfer by way of mortgage. [5+5+10 = 20 marks] Q 7. (a) “ A company engaged in the manufacture of Product-X, produces Product-Y in the course of manufacture of Product-X. The Product-Y is mentioned as an entry in the Central Excise Tariff Act, 1985. However, Product-Y cannot be marketed and does not have a shelf-life. The assessee company is liable to pay excise duty since it has manufactured a product which is mentioned in the Central Excise Tariff Act, 1985.” Give your reaction on the above proposition. (b) What are the provisions for licensing of private warehouses under the Customs Act, 1962? (c) What is the period for which goods may remain warehoused under the Customs Act, 1962? (d) Explain with suitable illustrations when a sale or purchase of goods are said to take place in the course of inter-State trade or commerce under the Central Sales Tax Act, 1956. [5+5+5+5 = 20 marks] Q 8. Write notes on the following – (i) Penultimate Sale, (ii) Compounded levy scheme under the Central Excise Act, 1944. (iii) Uses of Form E-I and E-II under the Central Sales Tax Act, 1956 (iv) ‘Dealer’ under the Central Sales Tax Act, 1956. [20 marks] Indirect Tax Laws ICSI - Intermediate - June 2002 Part - B Answer any two questions from this part. Question 6. a) What do you understand by the term ‘transaction value’ under section 4 of the Central Excise Act, 1944? When is the transaction value not accepted as the value of excisable goods? (b) What is ‘penultimate sale’ in the course of export under the Central Sales Tax Act, 1956? (c) What are the provisions relating to stores under the customs Act, 1962? [5+5+10=20 marks] Question 7. (a) Explain the provisions relating to remission of duty on destroyed/damaged goods under the Customs Act, 1962. (b) Discuss the tax liability on following transaction in the context of the Central Sales Tax Act, 1956: Sunder, who is a dealer in Haryana, agrees to sell goods to Vivek in Uttaranchal but he books the goods from Haryana to Uttaranchal in his own name and his agent in Uttaranchal receives the goods on behalf of Sunder. Thereafter, the goods are delivered to Vivek and the same are accepted by him. (c) What are the provisions of Central Excise Act, 1944 with regard to recovery of duties not levied or not paid or short levied or short paid or erroneously refunded? [5+5+10=20marks] Question 8. (a) What is meant by ‘compounded levy scheme’ under the Central Excise Act, 1944? (b) What do you mean by the first and second check appraisement under the Customs Act, 1962? (c) Define the terms (i) ‘sale’; and (ii) ‘sale price’ under the Central Sales Tax Act, 1956. [5+5+10=20 marks] Indirect Tax Laws ICSI - Intermediate - December 2001 Part - B Answer any two questions from this part. Question 6 (a) What are the different types of duties levied and collected on imported goods? Is customs duty payable on imported goods pilfered at docks after unloading? (b) Who is ‘related person’ under section 4 of the Central Excise Act, 1944? How is the value determined when sales are generally through a related person in respect of non-tariff items? [10 marks each] Question 7 (a) Writer a note on ‘goods of special importance’ in the course of inter-State sale. (b) What is meant by ‘place of removal of goods’ under the Central Excise Act, 1944? (c) What are the provisions for transshipment of goods without payment of duty under the Customs Act, 1962? [5+5+10 = 20 marks] Question 8 (a) The aggregate turnover during the month of December, 2000 for inter-State sales made from Delhi of declared goods chargeable to tax @ 2% within Delhi is Rs. 97,740 which includes Rs. 54,060 for sale made to registered dealers against form C and Rs 43,680 for sales made to unregistered dealers. Calculate the taxable turnover and central sales tax payable for the above month. (b) What is ‘manufacture’ under the Central Excise Act, 1944? (c) Discuss the concept of ‘provisional assessment of duty’ under the Customs Act, 1962. [10+5+5 = 20 marks] Indirect Tax Laws ICSI - Intermediate - June 2001 Part - B Answer any two questions from this part. Question 6 (a) What are the ‘excisable goods’ under the Central Excise Act, 1944? (b) Explain ‘person in-charge’ under the Customs Act, 1962. (c) Define the term ‘foreign-going vessel or aircraft’ under the Customs Act, 1962. [10+5+5 = 20 marks] Question 7 (a) Define ‘inter-State sale’ and explain its ingredients. Can there be an inter-State sale of goods by transfer of documents of title to goods? (b) Explain the powers of the central government on the excise duty not levied or short levied. [10 marks each]. Question 8 (a) Write notes on the following: (i) ‘Sale price’ under the Central Sales Tax Act, 1956 (ii) ‘Transaction value’ under the Central Excise Act, 1944. (b) Distinguish between ‘drawback’ and ‘refund’ under the Customs Act, 1962. (c) List out the documents to be attached along with shipping bill when presented for export clearance. [10+5+5 = 20 marks] |