Top 250+ Solved Export Import Procedures and Documentation MCQ Questions Answer

From 226 to 234 of 234

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

  • a. Medical Equipment by Indian Doctors and Professionals

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

  • b. Guarantees

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

  • a. 1st of April 2015
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