Keshav of Bengaluru imported 2000 pieces of certain dutiable goods from China during the month of April, 2024. The Central Government has imposed…
CA Final · Indirect Tax Laws · PYQS · November 2024
Keshav of Bengaluru imported 2000 pieces of certain dutiable goods from China during the month of April, 2024. The Central Government has imposed Anti-Dumping Duty from 1st April, 2024 by way of notification in the Official Gazette under section 9A of the Customs Tariff Act 1975. Details regarding import are as below: Particular Amount per piece Normal Value (Comparable price in China) $ 120 Export Price $ 60 Landed Value of dumped item $75 Fair Selling price (Non injurious price) $ 105 Rate of exchange relevant for conversion is 80 per $ Maximum Amount of anti- dumping to be payable by Keshav on 2,000 pieces of dutiable goods is:
Suggested Answer and Working Notes:
Correct Answer: Option (A)
₹ 48,00,000/-
Topics: Place of Supply, Customs: Types of Duty
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