Saksham Sales Ltd. had imported goods after paying the customs duty of 25,00,000 at the time of import. These goods were used and later re-exported…
CA Final · Indirect Tax Laws · MTP · January 2026
Saksham Sales Ltd. had imported goods after paying the customs duty of 25,00,000 at the time of import. These goods were used and later re-exported after 19 months of import. The amount of duty drawback that M/s Saksham Sales Ltd. is eligible to claim on such re-export made is
Suggested Answer and Working Notes:
Correct Answer: Option (A)
nil
Topics: Customs: Valuation under the Customs Act, 1962
Related Questions in this Topic
- A machinery part was sent abroad for repairs under a free warranty, so the foreign repairer charged nothing. Its fair co...
- Foreign Trade International Ltd. has imported one machine from England. It has given the following particulars: Sr. ...
- Mr. Harrison of foreign origin has come on travel visa, to tour in India. He carries with him, as part of baggage, the f...
- David Ltd. is the manufacturer of semi-conductors in the State of Gujarat. It imported machinery by air from France for ...
- Bharti Company imported goods valued at 10,00,000 vide a Bill of Entry presented before the proper officer on 15 th Jul...