U & Vee Ltd having registered office in Mumbai imported a new industrial chemical from Germany on 25th September 2025. The proper officer of…
CA Final · Indirect Tax Laws · PYQS · May 2026
U & Vee Ltd having registered office in Mumbai imported a new industrial chemical from Germany on 25th September 2025. The proper officer of customs could not determine the correct customs duty without a lab report, so the goods were assessed provisionally on 1st October 2025. The proper officer informed the company in writing on 10th October 2025 for furnishing of the said lab report. What is the maximum extended deadline (including all possible extensions by any authority) date for submitting the required report (information) under the regulation 4 of the Customs (Finalization of Provisional Assessment) Regulations, 2025 by U & Vee Ltd?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
1st December 2026
Topics: Place of Supply, Customs: Valuation under the Customs Act, 1962
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