B Com Exam > B Com Videos > Indirect Tax Laws > Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws
Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
|
50 videos|54 docs
|
FAQs on Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws Video Lecture - Indirect Tax Laws - B Com
| 1. What is the definition of Custom Duty according to the Customs Act, 1962? |  |
Ans. Custom Duty refers to the tax imposed on goods that are imported or exported from a country. The Customs Act, 1962, is the legislation in India that governs the levy and collection of custom duties.
| 2. What are some examples of indirect tax laws related to Custom Duty? | |
Ans. Some examples of indirect tax laws related to Custom Duty include the Customs Act, 1962, the Customs Tariff Act, 1975, and the Integrated Goods and Services Tax (IGST) Act, 2017.
| 3. How is Custom Duty calculated? | |
Ans. Custom Duty is calculated based on several factors such as the value of the imported or exported goods, the applicable tariff rates, and any additional taxes or cess. The calculation may also consider factors like the origin of the goods and any applicable trade agreements.
| 4. What is the purpose of imposing Custom Duty? | |
Ans. The primary purpose of imposing Custom Duty is to protect domestic industries, regulate imports and exports, and control the inflow or outflow of certain goods. It also serves as a source of revenue for the government.
| 5. Can Custom Duty be exempted or reduced? | |
Ans. Yes, Custom Duty can be exempted or reduced under certain circumstances. The government may provide exemptions or reduced rates for specific goods based on factors such as the purpose of import/export, international agreements, or to promote certain industries.
Related Exams
About this Video
|
4.91/5 Rating |
|
Nov 26, 2024 Last updated |
Video Description: Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws for B Com 2024 is part of Indirect Tax Laws preparation.
The notes and questions for Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws have been prepared according to the B Com exam syllabus.
Information about Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws.
Introduction of Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws in English is available as part of our Indirect Tax Laws for B Com & Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws in
Hindi for Indirect Tax Laws course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Indirect Tax Laws.
Information about Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws
Here you can find the meaning of Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws defined & explained in the simplest way possible.
Besides explaining types of Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws theory, EduRev gives you an ample number of questions to practice Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws tests,
examples and also practice B Com tests.
|
50 videos|54 docs
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
mock tests for examination
,Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
,Important questions
,1962
,Exam
,Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
,ppt
,Definition of Custom Duty - Customs Act
,Definition of Custom Duty - Customs Act
,Free
,1962
,study material
,Objective type Questions
,Definition of Custom Duty - Customs Act
,Previous Year Questions with Solutions
,Summary
,MCQs
,past year papers
,shortcuts and tricks
,Semester Notes
,practice quizzes
,video lectures
,1962
,Sample Paper
,Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
,Viva Questions
,Extra Questions
;
Study Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws on the App
Students of B Com can study Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Definition of Custom Duty - Customs Act,1962, Indirect Tax Laws is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup