Top 250+ Solved Export Import Procedures and Documentation MCQ Questions Answer
Q. If the CIF value of the consignment imported does not exceed----------------, the relative Bill of Entry is required to be filed by the registered courier service.
a. Rs.200000
b. Rs.300000
c. Rs.100000
d. all
Q. If the CIF value is ----------------or more, importers are to file separate B/E as in the case ofother imports
a. Rs.100000
b. Rs.200000
c. Rs.300000
d. all
Q. Import of -----------------is allowed without payment of Customs duty under the Baggage Rules, 1994.
a. Medical Equipment by Indian Doctors and Professionals
b. Arms & ammunition
c. Personal use goods
d. none
Q. Duty Drawback is given only, if the in house cost of production is -------in relation to international price.
a. Higher
b. Lower
c. Same
d. none
Q. The risk of payment is least under the LC, if a bank ---------the payments by confirming the LC.
a. Makes payment
b. Guarantees
c. all
d. none
Q. The New Foreign Trade Policy for the period 2015 to 2020 was announced by the government on the-------------
a. 1st of April 2015
b. 1st of June 2015
c. all
d. none