GST and Customs Regulations Quiz
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GST and Customs Regulations Quiz

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Questions and Answers

What is exempted from GST?

  • Wharfage
  • Cloak room (correct)
  • Railway freight
  • Demurrage

    • How are parcels booked in railway?

  • Either owner's or railway risk, whichever is applicable
  • Only railway risk
  • Owner's risk or railway risk (correct)
  • Only owner's risk

    • How are parcels charged?

  • Only by quantity
  • Only by measurement
  • Only by weight
  • Either by weight or by measurement, whichever gives the greater charge (correct)

    • What is the maximum limit of monetary liability for loss or damage of consignments other than animals and personal luggage?

    <p>Rs 50 per Kg</p> Signup and view all the answers

    What is the maximum limit of monetary liability for loss or damage of personal luggage?

    <p>Rs 100 per Kg</p> Signup and view all the answers

    What is the condition to declare the value of a consignment and pay a percentage charge on excess value?

    <p>For all consignments, including animals and personal luggage</p> Signup and view all the answers

    What is the purpose of declaring the value of a consignment?

    <p>To increase the liability limit</p> Signup and view all the answers

    What is the benefit of declaring the value of a consignment and paying a percentage charge on excess value?

    <p>Increased liability</p> Signup and view all the answers

    What is the duration for which Busy Season Surcharge should be levied on POL?

    <p>3 months</p> Signup and view all the answers

    Which of the following is exempted from GST?

    <p>All of the above</p> Signup and view all the answers

    What does 'CAN' stand for in the context of railway transactions?

    <p>Credit Advice Note</p> Signup and view all the answers

    What is the diversion charge applicable per wagon in case of party's rustiest?

    <p>Rs. 750/-</p> Signup and view all the answers

    What is the primary mode of freight collection in Goods traffic?

    <p>E-payment</p> Signup and view all the answers

    On what basis are Terminal Access Charges (TAC) for containers handled at CRT leviable?

    <p>Rake basis</p> Signup and view all the answers

    What is the form number used to credit issued by the TIA to withdraw station debit?

    <p>TA16F</p> Signup and view all the answers

    Which commodity attracts Busy Season Surcharge?

    <p>POL</p> Signup and view all the answers

    What is the wharfage charge for livestock at other than notified station?

    <p>Rs. 20.00 per head per hour or part of an hour</p> Signup and view all the answers

    What is the purpose of installing POS machines at various locations of Indian Railway?

    <p>To enable cashless transactions</p> Signup and view all the answers

    What is the minimum value of goods that requires an E-Way bill?

    <p>Rs. 50,000 or more</p> Signup and view all the answers

    For what distance is the validity of E-Way bill 1 day?

    <p>Upto 100 Km</p> Signup and view all the answers

    What is exempted from GST?

    <p>Relief material for victims of natural or manmade disasters, calamities, accidents or mishap</p> Signup and view all the answers

    What is the nodal officer for computerisation of parcel management system over major stations of Indian Railway?

    <p>CAO (PIS)/NR</p> Signup and view all the answers

    What is related to Hand held scanner, Hand held mini printer, and Bar code labels?

    <p>PMS</p> Signup and view all the answers

    What is exempted from GST?

    <p>Defence or military equipment</p> Signup and view all the answers

    What penalty is levied on mis-declaration of commodity in a container?

    <p>4 times of the highest container class rate</p> Signup and view all the answers

    On which type of traffic is congestion charge @25% leviable?

    <p>Goods traffic booked to Bangladesh</p> Signup and view all the answers

    What is the rate of Premium Charge under Premium Indent Scheme?

    <p>15%</p> Signup and view all the answers

    What is the amount of Wagon Registration Fee per rake?

    <p>Rs. 50000/-</p> Signup and view all the answers

    What does NTR stand for in goods traffic?

    <p>Normal Tariff Rate</p> Signup and view all the answers

    What is the GST rate on transportation of goods?

    <p>5%</p> Signup and view all the answers

    At what rate is wharfage on parcel traffic charged?

    <p>Rs. 10/- rate per hour/per quintal</p> Signup and view all the answers

    What does PCC stand for in goods traffic?

    <p>Permissible Carrying Capacity</p> Signup and view all the answers

    What is the scale at which the 'Kisan Special' Train of parcel traffic is charged?

    <p>P Scale</p> Signup and view all the answers

    What is eTRR?

    <p>Electronic Transmission Railway Receipt</p> Signup and view all the answers

    What is the percentage of GST applicable on parcel traffic?

    <p>5%</p> Signup and view all the answers

    When should a train be upgraded to the next higher scale for charging of parcel and luggage?

    <p>When it crosses the benchmark of utilisation of SLR by 50%</p> Signup and view all the answers

    What is the rate at which parcel rates would be charged for Rajdhani/Shatabdi/Duronto trains?

    <p>25% over the scale 'R'</p> Signup and view all the answers

    How are rationalisation of rates for parcel traffic done?

    <p>On the basis of 12 months from April to March</p> Signup and view all the answers

    When are the revised rates for parcel traffic after rationalisation of rates effected?

    <p>1st June</p> Signup and view all the answers

    Study Notes

    Freight and Parcel Traffic

    • Busy Season Surcharge is levied on POL (Option B)
    • Agricultural Produce, Railway Material and equipment's, Milk, Salt, and food grains are exempted from GST (Option D)

    CAN and Credit

    • CAN stands for Credit Advice Note (Option A)

    Freight Charges and Terminal Access Charges

    • Diversion charges applicable are Rs. 750/- per Wagon (Option C)
    • Terminal Access Charges (TAC) for containers handled at CRT are leviable on a Rake basis (Option B)
    • Most of the freight in Goods traffic is collected through E-payment (Option B)

    GST Exemptions

    • Wharfage, Cloak room, Demurrage are exempted from GST (Options B, C, and D)
    • Defence or military equipment is exempted from GST (Option A)
    • Relief material for victims of natural or manmade disasters, calamities, accidents, or mishap is exempted from GST (Option D)

    Parcel Traffic

    • Parcel are booked in railway at Owner risk or railway risk (Option C)
    • Parcels are charged by weight or measurement, whichever gives the greater charge (Option D)
    • Unless the consignor declares the value of any consignment and pays percentage charge on excess value, the maximum limit of amount of monetary liability for loss, destruction, damage, and non-delivery shall not exceed Rs 50 per Kg (Option A)
    • Unless the consignor declares the value in respect of consignments booked as personal luggage and pays percentage charge on excess value, the maximum limit of amount of monetary liability for loss, destruction, damages, and non-delivery shall not exceed Rs 100 per Kg (Option C)
    • Wharfage charge for livestock at other than notified station is Rs. 10.00 per head per hour or part of an hour (Option B)

    Technology and Railways

    • Hand held scanner, Hand held mini printer & Bar code labels are related with PMS (Option D)
    • Nodal officer for computerisation of parcel management system over major stations of Indian Railway is CAO (PIS)/NR (Option C)
    • POS machines have been installed at various locations of Indian Railway to allow Cashless transaction (Option A)

    E-way Bill and GST

    • E-Way bill will be required before dealing when value of goods is Rs. 50,000 or more (Option B)
    • For a distance up to 100 Km, validity of E-way bill is 1 day (Option C)
    • GST is exempted in Relief material for victims of natural or manmade disasters, calamities, accidents or mishap (Option D)
    • GST rate on transportation of goods is 5% (Option D)

    Miscellaneous

    • In case of mis-declaration of commodity in container is detected, charges will be 4 times of the highest container class rate (Option B)
    • Congestion charge @25% is leviable on Goods traffic booked to Bangladesh (Option D)
    • Premium Charge under Premium Indent Scheme is 15% (Option B)
    • Wagon Registration Fee per rake is Rs. 50000/- (Option C)
    • NTR in goods traffic stands for Normal Tariff Rate (Option B)
    • PCC in Goods traffic stands for Permissible Carrying Capacity (Option A)
    • eTRR stands for Electronic Transmission Railway Receipt (Option C)

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