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Customs Act 1962 Quiz

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Questions and Answers

What is the main objective of the Customs Act 1962?

Promoting international trade relations

Safeguarding domestic trade (correct)

Regulating the transportation of goods within India

Controlling the export of goods

What does the term 'Importer' refer to as per the Customs Act?

Government official responsible for customs clearance

Owner/Person who imports goods (correct)

Customs officer in charge of verifying imported goods

Shipping company responsible for transportation

What is the scope of the Customs Act in terms of empowering the Central Government?

Imposition of export duties

Enactment of Customs Valuation Rules, 1988 (correct)

Control over immigration policies

Regulation of international trade agreements

Who is considered as the Adjudicating Authority under the Customs Act?

CBIC, COMMISSIONER, CESTAT Signup and view all the answers

What is the definition of 'Baggage' as per the Customs Act?

All durable articles imported by a passenger Signup and view all the answers

Which authority is empowered to pass an order under the Customs Act 1962?

Adjudicating Authority Signup and view all the answers

What are the Indian Customs Waters as per the Customs Act?

Waters extending into the sea up to the limit of India Signup and view all the answers

What does the term 'Import' mean as per the Customs Act?

Bringing into India from a place outside India Signup and view all the answers

Which rules empower the Central Government to implement the purpose of the Customs Act?

Customs Valuation Rules, 1988 Signup and view all the answers

What is considered as 'Baggage' as per the Customs Act?

All durable articles imported by a passenger excluding vehicles and alcoholic drinks Signup and view all the answers

Study Notes

Objectives and Scope of the Customs Act 1962

The main objective of the Customs Act 1962 is to regulate the import and export of goods in India.

Key Definitions

An 'Importer' refers to the owner of the goods or any person holding himself out to be the importer of the goods.
'Baggage' refers to any personal effects, which are in the possession of a passenger or a member of the crew, and are not intended for sale or gift.

Empowerment of Central Government

The Customs Act empowers the Central Government to formulate rules and regulations for the implementation of the Act.

Adjudicating Authority

The Adjudicating Authority under the Customs Act is the Commissioner of Customs or any officer of Customs who is assigned the powers of an Adjudicating Authority.

Authority and Jurisdiction

The Commissioner of Customs or any other authorized officer is empowered to pass an order under the Customs Act 1962.
The Indian Customs Waters extend up to 12 nautical miles from the coastline of India.

Import and Rules

'Import' means bringing goods into India from a place outside India.
The Customs Act is implemented through the Customs Rules, 1962, and the Central Government is empowered to formulate these rules.

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Description

Test your knowledge of the Customs Act 1962 and related topics such as customs duty, valuation mechanism, duty drawback, baggage rules, and computation of assessable value and duty. Learn about the objectives and scope of the act as well as its historical background.