Indirect Tax Laws, Question Paper of B.Com 4th Semester, Download Previous Years Question Paper 3

Roll No.

Total No. of Questions: 07

B.Com (Sem.- 4th)

INDIRECT TAX LAWS

Subject Code: BCOP-402

Paper ID: [B1141]

Time: 3 Hrs.

Note : the question has two sections. Section A consists of 10 questions of two marks each. Section B contains six question our of which four questions are required to be attempted having 10 marks each.

1.      Write short note on following:

a.     Excisable goods

b.     Refund

c.      SEZ

d.     Anti dumping duty

e.      Abatements

f.       Taxable services

g.     Branches transfer

h.     Dealer

i.       Input tax credit

j.       Interstate sale

Section –B

2.     What do you mean by duty drawback? How duty drawback rates are fixes?

3.     What is valuation mechanism under central excise (valuation) rules, 2000? What are different inclusions and deductions for determining assessable value.

4.     What is “VAT” ? explain the special features of vat Act, 2005?

5.     From  the following information determine the assessable value of goods for the purpose of levy of excise duty :

cum-duty selling price

it includes the folliwng

i.                   Sales tax                                                               24000

ii.                 Freight                                                                  16000

iii.              Outward handling charges                                   20000

iv.              Advertising and publicity expenses                     20000

v.                 Marketing and selling organization expenses                 5000

vi.              Rate excise duty is 12% & education cess 3 %  

6.     Complete CST payable by a dealer form the following information :

a.     Gross turnover (exclusive of tax)               rs. 3200000

b.     Trade discount:                                           rs.200000

c.      Installation charges (separately charged )   rs.100000

d.     Excise duty                                                 rs. 50000

e.      Freight and insurance recovered separately         rs. 40,000

Buyer has issued C forms for all purchases.  

7.     Explain different types   of customs duty especially difference between anti –dumping and safeguard duty.