Tuesday 17 December 2013

Important Questions for CS Final December'13 Exam

CENTRAL EXCISE LAWS
1)   ’Special Audit’ under sec 14 A and under Sec 14 AA of the central Excise act, 1944.
2)   Export under bond by ‘merchant exporter’ and ‘manufacturer exporter’ under rule 19 of Central Excise Rules, 2002.
3)   Are all goods imported into India or exported out of India liable to duty? Explain the legal provisions.
4)   Provisional assessment under Rule 7,9,11,15,16,18 of the Central Excise Rules, 2002.
5)   Define Input, Capital Goods, Input Services, Factory and Manufacturer.
6)   Explain Rule 5, 7, 9, 10A of Valuation Rules 2000.
7)   Explain Rule 5, 6, 7, 10, 10A, 14 of CENVAT Credit Rules, 2004.
8)   Exclusion from turnover in case of computation of Rs 400 lacs (SSI) of 150 Lacs (Computation of duty liability).
9)   Explain the different types of valuation under the Central Excise Act, 1944.
10)       What are the conditions for taking the CENVAT credit under the CENVAT credit Rules, 2004?
11)       Explain the concept of ‘Related Person’ under sec 4 of the Central   Excise Act, 1944.
12)       What are the documents on the strength on which CENVAT credit can be taken under the CENVAT credit rules, 2004?
13)       MPT Classification.






CUSTOMS LAWS

1) Explain Sec 13, 22, 23, 24, 45, 46, 47, 48, 49, 58, 59, 64, 72 and      73 under Customs Act, 1962.
2) Explain Rules 3, 4, 5 of Baggage’s Rules.
3) Explain Duties U/S 8B, 9A, 9AA.
4) ‘Transit Goods’ and ‘Transshipment of goods’ under the Customs Act, 1962.
5) Explain Sec 17 and 18 of Customs Act, 1962.
6) Explain Sec 74 and 75 of Customs Act, 1962.
7) Valuation Rule 3, 9 of Valuation of Import (U/S 14 of Customs Act 1962).