Home › Quizzes › Payment of Duty

Payment of Duty

This quiz covers the topic of Payment of Duty under Indian Law and Central Excise Law.

15 Questions Published
Play Quiz Practise this topic out loud

Questions

Question 1 Multiple Choice (Single Answer)

Which of the following is not a mode of payment of duty under the Central Excise Act, 1944?

  1. Cash
  2. Bank Draft
  3. Credit Card
  4. Pay Order
Question 2 Multiple Choice (Single Answer)

What is the due date for payment of duty under the Central Excise Act, 1944?

  1. 15th of the following month
  2. 20th of the following month
  3. 25th of the following month
  4. 30th of the following month
Question 3 Multiple Choice (Single Answer)

What is the penalty for late payment of duty under the Central Excise Act, 1944?

  1. 1% of the duty amount per day
  2. 2% of the duty amount per day
  3. 3% of the duty amount per day
  4. 4% of the duty amount per day
Question 4 Multiple Choice (Single Answer)

What is the procedure for payment of duty under the Central Excise Act, 1944?

  1. File a return with the Central Excise Department
  2. Pay the duty amount to the Central Excise Department
  3. Both A and B
  4. None of the above
Question 5 Multiple Choice (Single Answer)

What is the format of the return to be filed for payment of duty under the Central Excise Act, 1944?

  1. ER-1
  2. ER-2
  3. ER-3
  4. ER-4
Question 6 Multiple Choice (Single Answer)

What are the documents required to be attached with the return for payment of duty under the Central Excise Act, 1944?

  1. Invoice
  2. Bill of Entry
  3. Shipping Bill
  4. All of the above
Question 7 Multiple Choice (Single Answer)

What is the time limit for filing the return for payment of duty under the Central Excise Act, 1944?

  1. 15th of the following month
  2. 20th of the following month
  3. 25th of the following month
  4. 30th of the following month
Question 8 Multiple Choice (Single Answer)

What is the mode of payment of duty under the Central Excise Act, 1944?

  1. Cash
  2. Bank Draft
  3. Pay Order
  4. All of the above
Question 9 Multiple Choice (Single Answer)

What is the consequence of non-payment of duty under the Central Excise Act, 1944?

  1. Penalty
  2. Interest
  3. Confiscation of goods
  4. All of the above
Question 10 Multiple Choice (Single Answer)

What is the rate of interest payable on delayed payment of duty under the Central Excise Act, 1944?

  1. 12% per annum
  2. 15% per annum
  3. 18% per annum
  4. 21% per annum
Question 11 Multiple Choice (Single Answer)

What is the procedure for claiming refund of duty paid under the Central Excise Act, 1944?

  1. File a refund claim with the Central Excise Department
  2. Attach relevant documents with the refund claim
  3. Both A and B
  4. None of the above
Question 12 Multiple Choice (Single Answer)

What is the time limit for filing a refund claim under the Central Excise Act, 1944?

  1. One year from the date of payment of duty
  2. Two years from the date of payment of duty
  3. Three years from the date of payment of duty
  4. Four years from the date of payment of duty
Question 13 Multiple Choice (Single Answer)

What are the documents required to be attached with the refund claim under the Central Excise Act, 1944?

  1. Invoice
  2. Bill of Entry
  3. Shipping Bill
  4. All of the above
Question 14 Multiple Choice (Single Answer)

What is the procedure for payment of duty on imported goods under the Central Excise Act, 1944?

  1. File a Bill of Entry with the Customs Department
  2. Pay the duty amount to the Customs Department
  3. Both A and B
  4. None of the above
Question 15 Multiple Choice (Single Answer)

What is the rate of duty payable on imported goods under the Central Excise Act, 1944?

  1. Basic Customs Duty
  2. Countervailing Duty
  3. Special Additional Duty
  4. All of the above
← Back to Quizzes