Which of the following tax are imposed on goods imported into and exported out of India?
Customs duty
Indirect taxes in India are levied at different points: on manufacture, on supply, and on goods crossing the national border.
Customs duty is the tax levied by the Union under the Customs Act, 1962 on goods imported into and exported out of India (import duty and export duty).
Excise duty is charged on goods manufactured within the country, while wealth tax and estate duty were direct taxes on net wealth and inherited property, both now abolished.
Hence, Customs duty.
Similar Questions
In the context of trade policy tools, which of the following is considered as tariff measure?
I. Export taxes
II. Import taxesThe foreign exchange reserve of India dropped to levels that were ______ during 1991 economic crisis.
What immediate measure was taken in 1991 to resolve the balance of payments crisis in India?
In the context of trade policy tools, Which of the following is considered as non-tariff measure?
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II. Technical barriers to trade measures
Important Questions from External Sector and Currency Exchange rate
Consider the following :
1. Foreign currency convertible bonds
2. Foreign institutional investment with certain conditions
3. Global depository receipts
4. Non-resident external deposits
Which of the above can be included in Foreign Direct Investments?
What is the idea that a country should be self-sufficient and not participate in international trade called?
According to Harrod-Domar growth model for the full capacity use of capital and labour or for full employment it is necessary that
Consider the following statements:
(1) Hike in global oil prices can widen the Current Account Deficit (CAD) of India.
(2) Higher CAD can lead to depreciation of the currency.
Which among the above statements is/are correct?
Which of the following affect the pricing of a currency option?
(A) Spot exchange rate
(B) Exercise rate
(C) Foreign risk-free rate of return
(D) Domestic risk-adjusted rate
(E) Time to expiration
Choose the correct answer from the options given below:
