Customs Act 1962: Warehousing Provisions Quiz

Deferred payment of customs duty until the goods are cleared from the warehouse (correct)

Immediate payment of customs duty upon landing

Immediate clearance without payment of customs duty

Exemption from customs duty for certain imported goods

6 months

1 year

3 years

2 years (correct)

Only traders

Both traders and direct importers (correct)

Only direct importers

No one can avail these provisions

<p>A sum equal to thrice the amount of total duty determined with surety or security as required</p> Signup and view all the answers

<p>At the time of clearance from the warehouse at the rate of duty and valuation prevalent on the date a bill of entry is presented</p> Signup and view all the answers

<p>Agree to pay thrice the amount of total duty determined with such surety or security as may be required</p> Signup and view all the answers