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Customs Bonds: Securing Payment of Duties and Taxes

Question 1 of 14

What is the primary purpose of a customs bond?

  1. To secure payment of duties and taxes on imported goods
  2. To facilitate the clearance of goods through customs
  3. To protect the interests of the importer
  4. To prevent the smuggling of goods

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000