EASYQues_ID 9 Answer Given As per CENVAT Credit Rules the Quarterly units availaing exemption based on return the value of clearances shall submit Document which is prepared at the Excise Invoice time of removal of goods is How many copies of challan is to be One Copy submitted with the return ? Computer Software is goods as both movable and marketable 100% EOU or Unit in SEZ / FTZ is Form ER 2 required to file return in Excise duty is collected by the The Excise Authority from manufacturer of the goods Manufacture does not include Branding Duty of excise is postponed till the time of In case of export by bond Merchant Exporter should get Full form of DSA is Question In case of Partnership firm application for registration Certificate includes Computer software is Excise duty is payable Full form of SSI unit is Removal of goods ARE 1 Certificate Daily Stock Account Answer Given Name of the business Question Correct Answer Quarterly return 1

Marks

41 98 45 83 81 118 65 49 121 Ques_ID 38 34 95 103 9

Excise Invoice One Copy both movable and marketable Form ER 2 The manufacturer of the goods Branding Removal of goods CT 1 Certificate Daily Stock Account Correct Answer None of the above

1 1 1 1 1 1 1 1 1

Marks 1 1 1 1 1

Not goods nor Goods service Yearly Monthly

31 111 115

Small Scale Small Scale Industrial Industrial Unit Unit As per CENVAT Credit Rules the Quarterly Quarterly return units availaing exemption based on return the value of clearances shall submit Duty is collected at the time of Removal of Removal of goods goods Central excise duty is paid through TR 4 Challan TR 6 Challan If goods are not received back Specific within 180 days of their being sent excise duty out to the job worker manufacturer

1 1

Cenvat Credit 1 attributable to Input / Capital goods

shall pay an amount equivalent to 47 1000 litres of input were received Rs.10000 on which duty paid was Rs 10000. Out of these 950 litres of final product were manufactured. 50 litres of input were lost in process. What is the amount of Cenvat Credit available ? 114 For removal for export of excisable UT 1 goods without payment of duty by letter of undertaking relevant form is Ques_ID Question Answer Given 54 The cost of raw material supplied to Rs.14500 the job worker is Rs 12000 & cost of bringing the inputs to factory is Rs 1000. The job charges billed by the assessee is Rs 1500. What is the assessable value ? 10 Goods manufactured in Special Non excisable Economic Zone is goods 28 Change in registration certificate Modification means in registration Certificate 13 How many copies of invoice book Four Copies can be used at a time 121 Full form of DSA is Daily Stock Account 113 Capital Goods Credit Account is RG 23C Part II maintained in 99 How many copies of challan is Two retained by bank 114 For removal for export of excisable UT 1 goods without payment of duty by letter of undertaking relevant form is 48 Excise invoice is an invoice which is Removal of prepared at the time of goods 95 Excise duty is payable Monthly Ques_ID 62 97 49 Answer Given The invoice should be Serially numbered CETA stands for Central Excise Tariff Act In case of export by bond Merchant CT 1 Exporter should get Certificate Question

Rs.10000

1

UT 1

1

Correct Answer Rs.14500 1

Marks

Non excisable goods Amendment in Registration Certificate One Copy Daily Stock Account RG 23C Part II Two UT 1

1 1 1 1 1 1 1

Removal of goods Monthly Correct Answer Serially numbered Central Excise Tariff Act CT 1 Certificate

1 1

Marks 1 1 1

35 69 38 18 8 57 118 Ques_ID 117 38 57 98 40 92 118 111 42 10

As per Central Excise Act & Rules invoice is to be prepared in Permission from commissioner for removal of goods directly from Job worker can be taken on In case of Partnership firm application for registration Certificate includes Payment of duties to the govt is recorded in The rebate for export of goods can be filed with the Where the assessee shall himself assess the duty payable on excisable goods then it is called Manufacture does not include Question 100% EOU or Unit in SEZ / FTZ has to file In case of Partnership firm application for registration Certificate includes Where the assessee shall himself assess the duty payable on excisable goods then it is called How many copies of challan is to be submitted with the return ? Construction and sale of flats (residential) is not liable to duty as Excise duty is a duty on Manufacture does not include

Qua-duplicate Triplicate One & Half Yearly Basis None of the above Input Credit Account Maritime Commissione r Self Assessment Branding Answer Given Quarterly return None of the above Self Assessment One Copy Yearly Basis None of the above Personal Ledger Account Maritime Commissioner Self Assessment Branding Correct Answer Monthly return None of the above Self Assessment One Copy

1 1 1 1 1 1 1

Marks 1 1 1 1

Immovable Immovable properties 1 properties are are not goods not goods Manufacture Manufacture 1 Branding Branding TR 6 Challan 1 1

Central excise duty is paid through TR 6 Challan Duty can be paid by crediting the

Goods manufactured in Special Economic Zone is Ques_ID Question

99 41 56

How many copies of challan is retained by bank Document which is prepared at the Excise Invoice Excise Invoice time of removal of goods is The full form of CEA is Central Central Excise Act

Personal Profit & Loss Account 1 Ledger Account Non excisable Non excisable goods 1 goods Answer Correct Answer Given Two Two 1 1 1

Marks

Excise Act 80 Duty paid on inputs or capital goods is allowed to take CENVAT credit even if the final product is exempt when the goods are removed to As per CENVAT Credit Rules input includes The rebate for export of goods can be filed with the Any of the Any of the units units mentioned above (i.e. mentioned FTZ EOU EHTP or above (i.e. STP ) FTZ EOU EHTP or STP ) Steam used Steam used for any where manufacture of final products Maritime Maritime Commissione Commissioner r Non excisable Non excisable goods goods Specific Value Assessable Value Job Worker CT 1 Certificate Correct Answer Rs.6000 1 1

93 8 10

1 1 1 1 1 1

Goods manufactured in Special Economic Zone is 105 As per section 4 Transaction Value means 82 A Person manufacturing goods on Job Worker behalf of others is called 49 In case of export by bond Merchant CT 1 Exporter should get Certificate Ques_ID Question Answer Given 26 A buyer bought Machinery on which Nil duty paid was Rs 12000 during the year 2005-06. What is the amount of Cenvat Credit available in 200506. 119 Central excise department can Bond grant exemption from duty if goods are exported under the cover of 47 1000 litres of input were received Rs.10000 on which duty paid was Rs 10000. Out of these 950 litres of final product were manufactured. 50 litres of input were lost in process. What is the amount of Cenvat Credit available ? 57 Where the assessee shall himself Self assess the duty payable on Assessment excisable goods then it is called 13 How many copies of invoice book One Copy can be used at a time 17 Duty paid on raw materials for Eligible for packing is CENVAT Credit 5 Capital goods obtain by hire Will not be purchase eligible for CENVAT

Marks

Bond Rs.10000

1 1

Self Assessment One Copy Eligible for CENVAT Credit Will be eligible for CENVAT Credit

1 1 1 1

Credit 49 In case of export by bond Merchant CT 1 Exporter should get Certificate 93 As per CENVAT Credit Rules input Steam used includes for manufacture of final products 42 Duty can be paid by crediting the Profit & Loss Account Ques_ID Question Answer Given 18 Payment of duties to the govt is Personal recorded in Ledger Account 99 How many copies of challan is Two retained by bank 82 A Person manufacturing goods on Job Worker behalf of others is called 77 Affixing brand name is Manufacture 31 57 80 Duty is collected at the time of Where the assessee shall himself assess the duty payable on excisable goods then it is called Duty paid on inputs or capital goods is allowed to take CENVAT credit even if the final product is exempt when the goods are removed to As per CENVAT Credit Rules input Removal of goods Self Assessment Any of the units mentioned above (i.e. FTZ EOU EHTP or STP ) includes paint and packing materials Non excisable goods Form ER 2 Answer Given Duty based on Assessable Value Non excisable goods Serially numbered Removal of goods

CT 1 Certificate Steam used for manufacture of final products

1 1

Profit & Loss Account 1 Correct Answer Personal Ledger Account Two Job Worker Not manufacture Removal of goods Self Assessment 1 1 1 1 1 1

Marks

Any of the units 1 mentioned above (i.e. FTZ EOU EHTP or STP ) includes paint and packing materials Non excisable goods Form ER 2 Correct Answer Specific Duty Non excisable goods Serially numbered Removal of goods 1 1 1 1 1 1 1

3 10

Goods manufactured in Special Economic Zone is 83 100% EOU or Unit in SEZ / FTZ is required to file return in Ques_ID Question 32 10 62 31 The basis of calculation of duty payable on Matches is Goods manufactured in Special Economic Zone is The invoice should be Duty is collected at the time of

Marks

57 75 17 119 38 92 Ques_ID 65 77 35 102 44 75 8 45 119

Where the assessee shall himself assess the duty payable on excisable goods then it is called Full form of FTZ is Duty paid on raw materials for packing is

Self Assessment Free Trade Zone Eligible for CENVAT Credit Bond

Self Assessment Free Trade Zone Eligible for CENVAT Credit Bond None of the above Manufacture Correct Answer Removal of goods Not manufacture Triplicate Gas Steam On principal to principal basis Free Trade Zone Maritime Commissioner both movable and marketable

1 1 1 1 1 1

Central excise department can grant exemption from duty if goods are exported under the cover of In case of Partnership firm None of the application for registration above Certificate includes Excise duty is a duty on Manufacture Question Duty of excise is postponed till the time of Affixing brand name is As per Central Excise Act & Rules invoice is to be prepared in Goods includes Job worker is treated as manufacturer when he works as Full form of FTZ is The rebate for export of goods can be filed with the Computer Software is goods as Answer Given Removal of goods Not manufacture Triplicate Gas Steam Hired labour Free Trade Zone Maritime Commissione r both movable and marketable Bond

Marks 1 1 1 1 1 1 1 1 1 1

Central excise department can Bond grant exemption from duty if goods are exported under the cover of 26 A buyer bought Machinery on which Rs.6000 Rs.6000 duty paid was Rs 12000 during the year 2005-06. What is the amount of Cenvat Credit available in 200506. Ques_ID Question Answer Correct Answer Given 113 Capital Goods Credit Account is RG 23C Part II RG 23C Part II maintained in 121 Full form of DSA is Daily Stock Daily Stock Account Account

Marks 1 1

69 35 95 38 75 118 122 77 Ques_ID 74

Permission from commissioner for removal of goods directly from Job worker can be taken on As per Central Excise Act & Rules invoice is to be prepared in Excise duty is payable In case of Partnership firm application for registration Certificate includes Full form of FTZ is Manufacture does not include Full form of STP is Affixing brand name is Question

Yearly Basis Triplicate Monthly None of the above Free Trade Zone Branding Software Technology Park Not manufacture

Yearly Basis Triplicate Monthly None of the above Free Trade Zone Branding Software Technology Park Not manufacture

1 1 1 1 1 1 1 1

87 22 96 19 60 76 116

15

Answer Correct Answer Given For normal assessee duty on goods 5th of the 5th of the following removed from factory or the following Month warehouse during the month shall month of the be paid by quarter Application for registration is made Form A1 Form A1 in CENVAT is available on Paints & Paints & packing packing materials materials Goods can be cleared from factory sealed or sealed or without for export in without sealed both sealed both Mere changes of the form or size of Manufacture Not Manufacture the same articles amounts to Rate of interest in case of delay in 2% p.a. 2% p.m. payment of duty is Excise duty cannot be levied on Packing or Imported goods Repacking All the copies of ARE 1 are to be Assistant Excise Officer submitted to the Commissione r of Central Excise An assessee sold certain goods to a Rs.1700 Rs.1700 buyer who is a related person for Rs 1500. The buyer sold it to another buyer who is a unrelated person for Rs 1700. What is the assessable value ?

INTERMEDIATE

Marks 2

2 2 2 2 2 2 2

2

101

A consignment of 1000 kgs of Rs.10000 inputs was received. Excise duty paid as per invoice was Rs 10000. While input was being unloaded 50 kg were damaged. What is the amount of Cenvat available ? Ques_ID Question Answer Given 4 Change in certificate can be made Form A1 in 19 Mere changes of the form or size of Not the same articles amounts to Manufacture 60 Rate of interest in case of delay in 2% p.m. payment of duty is 15 An assessee sold certain goods to a Rs.1700 buyer who is a related person for Rs 1500. The buyer sold it to another buyer who is a unrelated person for Rs 1700. What is the assessable value ? 73 Which of the followings are not None of the required to be submitted along with above the application of registration under Central Excise Act. 101 A consignment of 1000 kgs of Rs.9500 inputs was received. Excise duty paid as per invoice was Rs 10000. While input was being unloaded 50 kg were damaged. What is the amount of Cenvat available ? 106 Any person duly authorised shall before being authenticate each invoice book brought into use 110 Clearances for home consumption Nepal and shall include clearances for export Bhutan to 108 Duty liability for the month of Within 5th March is to be paid April 58 Manufacture includes any process Incidental or which is ancillary to the completion of a final product Ques_ID Question Answer Given 91 Export consignment is cleared Deputy under the supervision of Commissione r 12 Monthly return is to be filed through Form ER2

Rs.9500

2

Correct Answer Form A1 Not Manufacture 2% p.m. Rs.1700 2 2 2 2

Marks

Nature of Services required from the department Rs.9500

2

2

before being brought 2 into use Nepal and Bhutan Within 31st March 2 2

Incidental or ancillary 2 to the completion of a final product

Correct Answer Excise Superintendent Form ER1 2 2

Marks

22 36 107

CENVAT is available on After carrying out the operational test / repair etc. the goods should be returned to the factory within After clearance of goods from factory which copy of ARE 1 will be submitted to the Superintendent or Inspector within 24 hours ? Any person duly authorised shall authenticate each invoice book

Paints & packing materials 180 days Original and Triplicate

Paints & packing materials 180 days Triplicate and Quadruplicate

2 2 2

106

before being brought into use 76 Excise duty cannot be levied on Imported goods 15 An assessee sold certain goods to a Rs.1700 buyer who is a related person for Rs 1500. The buyer sold it to another buyer who is a unrelated person for Rs 1700. What is the assessable value ? 19 Mere changes of the form or size of Not the same articles amounts to Manufacture 86 A buyer bought raw materials on Rs.2500 which duty paid was Rs 5000 and availed Cenvat Credit on these goods. He sold these goods without using for production. What is the amount of duty payable ? Ques_ID Question Answer Given 74 For normal assessee duty on goods 5th of the removed from factory or the following warehouse during the month shall Month be paid by 112 Dealer issuing cenvatable invoice Goods shall maintain record for received and removed 120 Captively consumed goods must be Both marketable and movable 36 After carrying out the operational 180 days test / repair etc. the goods should be returned to the factory within 33 Which copy of ARE 1 the excise Original and officer will return to the exporter Quadruplicate 90 Application form for claiming rebate RG 23C for export is

before being brought 2 into use Imported goods Rs.1700 2 2

Not Manufacture Rs.5000

2 2

Correct Answer 5th of the following Month Goods received and removed Both marketable and movable 180 days 2

Marks

2 2 2

Original and Duplicate 2 None of the above 2

37 12 55

For payment of duty of Central Form TR 6 is Excise Challan in used Monthly return is to be filed through Form ER1 Manufacturer who produces only those goods which is fully exempted is Querterly return is to be submitted by the SSI unit is

Form TR 6 is used Form ER1 Not required to get registered 20th day of the following month

2 2 2 2

required to get Registered 61 10th day from the close of the following quarter Ques_ID Question Answer Given 22 CENVAT is available on Paints & packing materials 90 Application form for claiming rebate None of the for export is above 110 Clearances for home consumption Nepal and shall include clearances for export Bhutan to 60 Rate of interest in case of delay in 2% p.m. payment of duty is 120 Captively consumed goods must be Both marketable and movable 19 Mere changes of the form or size of Not the same articles amounts to Manufacture 79 Dealer who issued cenvatable Amendment invoice is required to get 61 Querterly return is to be submitted 20th day of by the SSI unit is the following month 108 Duty liability for the month of Within 15th March is to be paid April 39 Excise officer will send the_____ of Triplicate ARE 1 form directly to the officer to copy whom bond was excuted. Ques_ID Question Answer Given 79 Dealer who issued cenvatable Registration invoice is required to get 19 Mere changes of the form or size of Not the same articles amounts to Manufacture 55 Manufacturer who produces only Not required those goods which is fully to get exempted is registered 116 All the copies of ARE 1 are to be Excise Officer submitted to the

Correct Answer Paints & packing materials None of the above Nepal and Bhutan 2% p.m. Both marketable and movable Not Manufacture Registration 20th day of the following month Within 31st March Triplicate copy Correct Answer Registration Not Manufacture Not required to get registered Excise Officer 2 2 2 2 2 2 2 2 2 2 2 2 2 2

Marks

Marks

73

Nature of Services required from the department 11 Excise duty can not be levied on Goods manufactured in each region of India 106 Any person duly authorised shall before being authenticate each invoice book brought into use 108 Duty liability for the month of Within 31st March is to be paid March 120 Captively consumed goods must be Both marketable and movable 74 For normal assessee duty on goods 5th of the removed from factory or the following warehouse during the month shall Month be paid by Ques_ID Question Answer Given 33 Which copy of ARE 1 the excise Original and officer will return to the exporter Duplicate 14 How many copies of invoice are to 4 be issued for export without payment of duty 112 Dealer issuing cenvatable invoice Goods shall maintain record for received and removed 79 Dealer who issued cenvatable Registration invoice is required to get 58 Manufacture includes any process Incidental or which is ancillary to the completion of a final product 74 For normal assessee duty on goods 5th of the removed from factory or the following warehouse during the month shall Month be paid by 4 Change in certificate can be made Form A1 in 19 Mere changes of the form or size of Not the same articles amounts to Manufacture 66 A manufacturer brings some inputs Rs.5000 of Rs 5000 on which duty of Rs

Which of the followings are not required to be submitted along with the application of registration under Central Excise Act.

Nature of Services required from the department Goods manufactured in Nepal

2

2

before being brought 2 into use Within 31st March Both marketable and movable 5th of the following Month Correct Answer Original and Duplicate 2 5 Goods received and removed Registration 2 2 2 2 2 2

Marks

Incidental or ancillary 2 to the completion of a final product

5th of the following Month Form A1 Not Manufacture Nil

2

2 2 2

76

Imported goods Ques_ID Question Answer Given 66 A manufacturer brings some inputs Nil of Rs 5000 on which duty of Rs 1000 was paid. The inputs were exported by him under bond without processing. What is the amount of duty payable ? 120 Captively consumed goods must be Both marketable and movable 33 Which copy of ARE 1 the excise Original and officer will return to the exporter Duplicate 60 Rate of interest in case of delay in 2% p.m. payment of duty is 29 For manufacture stock and Daily Stock clearance of final products types of A/c register to be maintained is 55 Manufacturer who produces only Not required those goods which is fully to get exempted is registered 61 Querterly return is to be submitted 20th day of by the SSI unit is the following month 91 Export consignment is cleared Excise under the supervision of Superintende nt 46 For receipt stock and consumption Capital Goods of cenvatable inputs type of Stock A/c register required is 104 For payment of excise duty in PLA Debited PLA should be Ques_ID Question Answer Given 112 Dealer issuing cenvatable invoice Goods shall maintain record for received and removed 73 Which of the followings are not Nature of required to be submitted along with Services the application of registration under required from Central Excise Act. the department 61 Querterly return is to be submitted 20th day of by the SSI unit is the following

1000 was paid. The inputs were exported by him under bond without processing. What is the amount of duty payable ? Excise duty cannot be levied on

Imported goods Correct Answer Nil

2

Marks 2

Both marketable and movable

2

Original and Duplicate 2 2% p.m. Daily Stock A/c Not required to get registered 20th day of the following month Excise Superintendent Input Stock A/c Debited Correct Answer Goods received and removed Nature of Services required from the department 20th day of the following month 2 2 2 2 2 2 2 2 2

Marks

2

29 12 36 39 4 22 107

month For manufacture stock and Daily Stock clearance of final products types of A/c register to be maintained is Monthly return is to be filed through Form ER1 After carrying out the operational test / repair etc. the goods should be returned to the factory within Excise officer will send the_____ of ARE 1 form directly to the officer to whom bond was excuted. Change in certificate can be made in CENVAT is available on 180 days Triplicate copy Form A1 Paints & packing materials Triplicate and Quadruplicate Answer Given Original and Duplicate Within 31st March Not required to get registered 180 days sealed or without sealed both Debited Form A1

Daily Stock A/c Form ER1 180 days Triplicate copy Form A1 Paints & packing materials Triplicate and Quadruplicate Correct Answer

2 2 2 2 2 2 2

After clearance of goods from factory which copy of ARE 1 will be submitted to the Superintendent or Inspector within 24 hours ? Ques_ID Question Which copy of ARE 1 the excise officer will return to the exporter Duty liability for the month of March is to be paid Manufacturer who produces only those goods which is fully exempted is After carrying out the operational test / repair etc. the goods should be returned to the factory within Goods can be cleared from factory for export in

Marks

33 108 55 36 96 104

Original and Duplicate 2 Within 31st March Not required to get registered 180 days sealed or without sealed both Debited Form A1 2 2 2 2 2 2 2

For payment of excise duty in PLA PLA should be 4 Change in certificate can be made in 107 After clearance of goods from factory which copy of ARE 1 will be submitted to the Superintendent or Inspector within 24 hours ? 110 Clearances for home consumption shall include clearances for export to 37 For payment of duty of Central Excise Challan in Ques_ID Question

Triplicate and Triplicate and Quadruplicate Quadruplicate Nepal and Bhutan Form TR 6 is used Answer Nepal and Bhutan Form TR 6 is used Correct Answer

2 2

Marks

Given 39 Excise officer will send the_____ of Triplicate ARE 1 form directly to the officer to copy whom bond was excuted. 91 Export consignment is cleared Excise under the supervision of Superintende nt 101 A consignment of 1000 kgs of Rs.9500 inputs was received. Excise duty paid as per invoice was Rs 10000. While input was being unloaded 50 kg were damaged. What is the amount of Cenvat available ? 58 Manufacture includes any process Incidental or which is ancillary to the completion of a final product 36 After carrying out the operational 180 days test / repair etc. the goods should be returned to the factory within 29 For manufacture stock and Daily Stock clearance of final products types of A/c register to be maintained is 86 A buyer bought raw materials on Nil which duty paid was Rs 5000 and availed Cenvat Credit on these goods. He sold these goods without using for production. What is the amount of duty payable ? 19 Mere changes of the form or size of Not the same articles amounts to Manufacture 116 All the copies of ARE 1 are to be Excise Officer submitted to the 96 Goods can be cleared from factory sealed or for export in without sealed both Ques_ID Question Answer Given 19 Mere changes of the form or size of Not the same articles amounts to Manufacture 120 Captively consumed goods must be Both marketable and movable 86 A buyer bought raw materials on Rs.5000 which duty paid was Rs 5000 and availed Cenvat Credit on these goods. He sold these goods without using for production. What is the

Triplicate copy Excise Superintendent Rs.9500

2 2 2

Incidental or ancillary 2 to the completion of a final product

180 days Daily Stock A/c Rs.5000

2 2 2

Not Manufacture Excise Officer sealed or without sealed both Correct Answer Not Manufacture Both marketable and movable Rs.5000

2 2 2

Marks 2 2 2

58

amount of duty payable ? Manufacture includes any process which is

74

91 106 46 33 14

Incidental or ancillary to the completion of a final product For normal assessee duty on goods 5th of the removed from factory or the following warehouse during the month shall Month be paid by Export consignment is cleared Excise under the supervision of Superintende nt Any person duly authorised shall before being authenticate each invoice book brought into use For receipt stock and consumption Input Stock of cenvatable inputs type of A/c register required is Which copy of ARE 1 the excise Original and officer will return to the exporter Duplicate How many copies of invoice are to 5 be issued for export without payment of duty Question

Incidental or ancillary 2 to the completion of a final product

5th of the following Month Excise Superintendent

2

2

before being brought 2 into use Input Stock A/c 2

Original and Duplicate 2 5 2

Ques_ID 43 109

TOUGH

After allowing the goods for export the custom officer will return ____copy of ARE 1 to the exporter Annexure IV under Central Excise Act is maintained for the

Answer Given Original and Duplicate Account of duty paid inputs received for working Removal of excisable goods for export Deputy or Assistant Commissione r of Central excise Form IV

Correct Answer Original and Quintuplicate 3

Marks

Account of duty paid 3 inputs sent to the job workers Removal of excisable 3 goods for export Supritendent of Central excise 3

7

ARE 1 under Central Excise Act is filed for Registration Certificate shall be issued by the

63

16 50

Stock account of all items other than excisable goods are recorded in For availing Cenvat Credit on Capital goods name of the register

Form IV

3 3

RG23C- Part II RG23C- Part II

94 72

100 64 Ques_ID 59

required is Central excise department can grant exemption from duty if goods are exported under bond except The selling price of a product exclusive of all duty is Rs 15000. Basic excise duty is Rs 2400. What is the rate of basic excise duty ? Application for removal of excisable goods for export is made in Form The CT-1 certificate will be valid for Question Export rebate can be obtained for export to Nepal if it is made in Stock account of all items other than excisable goods are recorded in Monthly return (ER1) is required to be filed in After clearance of goods from factory triplicate and quadruplicate copies of ARE 1 will be submitted to superintendent or inspector of central excise within A manufacturer received certain inputs costing Rs 100000 and duty paid @ 16% and also availed cenvat credit. After some processing manufacturer sent these material to job worker but was not returned within 180 days.What is the amount of duty payable ? In case of Job work if the raw material supplier undertakes to pay duty then who is required to get registered The selling price of a product including excise duty is Rs 11600. Basic excise duty is Rs 1600. What is the rate of basic excise duty ? Challan in Form TR 6 is to be submitted in Series of Invoice can be maintained for export Job work challan is contained in

Export to Nepal and Bhutan 16%

Export to Nepal and Bhutan 16%

3 3

ARE 2 One year Answer Given Free convertible foreign exchange Form IV Triplicate 24hours

ARE-1 One year Correct Answer Free convertible foreign exchange Form IV Quintuplicate 24hours

3 3

Marks 3

16 84 2

3 3 3

23

Rs.32000

Rs.16000

3

20

Raw Material Raw Material Supplier 3 Supplier 13% 16% 3

71

68 52 78

Quadruplicate Quadruplicate All clearance under one invoice Annexure II Separately Annexure II

3 3 3

Ques_ID 70

Question

If the invoice is issued from the premises of consignment agent Cenvat credit is 84 Monthly return (ER1) is required to be filed in 123 A manufacturer received certain inputs costing Rs 500000 and paid duty @ 10% and availed cenvat credit. The manufacturer sent these goods to job worker but returned within 180 days. What is the amount of duty payable ? 50 For availing Cenvat Credit on Capital goods name of the register required is 25 Depreciation can be claimed on that part of the fixed assets if CENVAT availed on exise duty paid which represents 16 Stock account of all items other than excisable goods are recorded in 43 After allowing the goods for export the custom officer will return ____copy of ARE 1 to the exporter 51 Records maintained for excise purpose must be preserved for a period of 27 Interest per day in case of delay in payment of duty is Rs. 52 Series of Invoice can be maintained for export Ques_ID Question 94 6

Answer Given Available

Correct Answer Available 3 3 3

Marks

Quintuplicate Quintuplicate Rs.50000 Nil

RG23C- Part II RG23C- Part II Value of the fixed assets excluding duty Form IV Original and Duplicate 7 years 1000 Separately

3

Value of the fixed 3 assets excluding duty Form IV Original and Quintuplicate 5 years 1000 Separately Correct Answer Export to Nepal and Bhutan Rs.2500 3 3 3 3 3 3 3

85

Answer Given Central excise department can Export to grant exemption from duty if goods Nepal and are exported under bond except Bhutan 500 kg of inputs were received duty Rs.1000 paid on which was Rs 2500. These were issued to production. While on production line a fire broke out and 200 kg of inputs lying on shop floor were destroyed. What is the amount of Cenvat Credit available ? Merchant exporters before clearing Bond the goods without payment of duty

Marks

Bond

3

16 25

100 109

are required to execute a Stock account of all items other than excisable goods are recorded in Depreciation can be claimed on that part of the fixed assets if CENVAT availed on exise duty paid which represents Application for removal of excisable goods for export is made in Form Annexure IV under Central Excise Act is maintained for the

Form IV Value of the fixed assets excluding duty ARE-1 Account of duty paid inputs received for working Quadruplicate

Form IV

3

Value of the fixed 3 assets excluding duty ARE-1 3

Account of duty paid 3 inputs sent to the job workers Quadruplicate 3 3 3

68 63 123

Challan in Form TR 6 is to be submitted in Registration Certificate shall be issued by the

A manufacturer received certain inputs costing Rs 500000 and paid duty @ 10% and availed cenvat credit. The manufacturer sent these goods to job worker but returned within 180 days. What is the amount of duty payable ? Ques_ID Question Job work challan is contained in Registration Certificate shall be issued by the Records maintained for excise purpose must be preserved for a period of ARE 1 under Central Excise Act is filed for

Supritendent Supritendent of of Central Central excise excise Nil Nil

78 63 51 7

Answer Given Annexure II Supritendent of Central excise 5 years Removal of excisable goods for export 16%

Correct Answer Annexure II Supritendent of Central excise 5 years 3 3 3

Marks

Removal of excisable 3 goods for export 16% 3

72

70 27 64

The selling price of a product exclusive of all duty is Rs 15000. Basic excise duty is Rs 2400. What is the rate of basic excise duty ? If the invoice is issued from the Available premises of consignment agent Cenvat credit is Interest per day in case of delay in 1000 payment of duty is Rs. The CT-1 certificate will be valid for One year

Available 1000 One year

3 3 3

100

Application for removal of excisable ARE-1 goods for export is made in Form For receipts stock and consumption RG23C- Part II of Cenvatable Capital goods register to be maintained is Ques_ID Question Answer Given 53 For receipts stock and consumption RG23C- Part I of Cenvatable Capital goods register to be maintained is 70 If the invoice is issued from the Available premises of consignment agent Cenvat credit is 24 At the time of export which copy of Original ARE 1 form will be submitted to the Triplicate and customs officer along with goods ? Quintuplicate 109 Annexure IV under Central Excise Account of Act is maintained for the duty paid inputs received for working 27 Interest per day in case of delay in 1000 payment of duty is Rs. 63 Registration Certificate shall be Supritendent issued by the of Central excise 85 Merchant exporters before clearing Bond the goods without payment of duty are required to execute a 68 Challan in Form TR 6 is to be Quadruplicate submitted in 72 The selling price of a product 16% exclusive of all duty is Rs 15000. Basic excise duty is Rs 2400. What is the rate of basic excise duty ? 59 Export rebate can be obtained for Free export to Nepal if it is made in convertible foreign exchange Ques_ID Question Answer Given 24 At the time of export which copy of Original ARE 1 form will be submitted to the Duplicate and customs officer along with goods ? Quintuplicate 123 A manufacturer received certain Nil inputs costing Rs 500000 and paid duty @ 10% and availed cenvat credit. The manufacturer sent these

ARE-1 RG23C- Part I Correct Answer RG23C- Part I Available

3 3

Marks 3 3

Original Duplicate and 3 Quintuplicate Account of duty paid 3 inputs sent to the job workers 1000 Supritendent of Central excise Bond Quadruplicate 16% 3 3 3 3 3

Free convertible foreign exchange Correct Answer

3

Marks

Original Duplicate and 3 Quintuplicate Nil 3

100 43 1

64 23

goods to job worker but returned within 180 days. What is the amount of duty payable ? Application for removal of excisable goods for export is made in Form After allowing the goods for export the custom officer will return ____copy of ARE 1 to the exporter Excisable goods manufactured and utilized as such for manufacture of any other commodity is said to have been removed from such factory immediately before The CT-1 certificate will be valid for A manufacturer received certain inputs costing Rs 100000 and duty paid @ 16% and also availed cenvat credit. After some processing manufacturer sent these material to job worker but was not returned within 180 days.What is the amount of duty payable ? For receipts stock and consumption of Cenvatable Capital goods register to be maintained is 500 kg of inputs were received duty paid on which was Rs 2500. These were issued to production. While on production line a fire broke out and 200 kg of inputs lying on shop floor were destroyed. What is the amount of Cenvat Credit available ? Registration Certificate shall be issued by the Question Annexure IV under Central Excise Act is maintained for the

ARE-1 Original and Duplicate Such utilization

ARE-1 Original and Quintuplicate Such utilization

3 3 3

One year Rs.16000

One year Rs.16000

3 3

53 6

RG23C- Part I RG23C- Part I Rs.2500 Rs.2500

3 3

63 Ques_ID 109

23

A manufacturer received certain inputs costing Rs 100000 and duty paid @ 16% and also availed cenvat credit. After some processing manufacturer sent these material to job worker but was not returned within 180 days.What is

Supritendent of Central excise Answer Given Account of duty paid inputs sent to the job workers Rs.16000

Supritendent of Central excise Correct Answer

3

Marks

Account of duty paid 3 inputs sent to the job workers Rs.16000 3

25

78 72

the amount of duty payable ? Depreciation can be claimed on that part of the fixed assets if CENVAT availed on exise duty paid which represents Job work challan is contained in The selling price of a product exclusive of all duty is Rs 15000. Basic excise duty is Rs 2400. What is the rate of basic excise duty ? Interest per day in case of delay in payment of duty is Rs. Central excise department can grant exemption from duty if goods are exported under bond except Export rebate can be obtained for export to Nepal if it is made in

Value of the fixed assets excluding duty Annexure II 16%

Value of the fixed 3 assets excluding duty Annexure II 16% 3 3

27 94

1000

1000 Export to Nepal and Bhutan Free convertible foreign exchange Such utilization

3 3 3

Export to Nepal and Bhutan 59 Free convertible foreign exchange 1 Excisable goods manufactured and Such utilized as such for manufacture of utilization any other commodity is said to have been removed from such factory immediately before 124 An assessee sold goods to ABC Co. Rs.12000 a related person for Rs 10000 on 21th May 2005. On that date the price of selling price of goods to on unrelated person was Rs 12000. What is the assessable value ? Ques_ID Question Answer Given 59 Export rebate can be obtained for Free export to Nepal if it is made in convertible foreign exchange 72 The selling price of a product 10% exclusive of all duty is Rs 15000. Basic excise duty is Rs 2400. What is the rate of basic excise duty ? 27 Interest per day in case of delay in 1000 payment of duty is Rs. 70 If the invoice is issued from the Available premises of consignment agent Cenvat credit is 43 After allowing the goods for export Original and the custom officer will return Quintuplicate ____copy of ARE 1 to the exporter 71 The selling price of a product 16%

3

Rs.12000

3

Correct Answer Free convertible foreign exchange 16% 3

Marks

3

1000 Available Original and Quintuplicate 16%

3 3 3 3

52 1

50 109

Account of duty paid inputs sent to the job workers Ques_ID Question Answer Given 59 Export rebate can be obtained for Free export to Nepal if it is made in convertible foreign exchange 6 500 kg of inputs were received duty Rs.2500 paid on which was Rs 2500. These were issued to production. While on production line a fire broke out and 200 kg of inputs lying on shop floor were destroyed. What is the amount of Cenvat Credit available ? 23 A manufacturer received certain Rs.16000 inputs costing Rs 100000 and duty paid @ 16% and also availed cenvat credit. After some processing manufacturer sent these material to job worker but was not returned within 180 days.What is the amount of duty payable ? 7 ARE 1 under Central Excise Act is Removal of filed for excisable goods for export 50 For availing Cenvat Credit on RG23C- Part I Capital goods name of the register required is 70 If the invoice is issued from the Available premises of consignment agent Cenvat credit is 64 The CT-1 certificate will be valid for One year

including excise duty is Rs 11600. Basic excise duty is Rs 1600. What is the rate of basic excise duty ? Series of Invoice can be maintained for export Excisable goods manufactured and utilized as such for manufacture of any other commodity is said to have been removed from such factory immediately before For availing Cenvat Credit on Capital goods name of the register required is Annexure IV under Central Excise Act is maintained for the

Separately Such utilization

Separately Such utilization

3 3

RG23C- Part II RG23C- Part II

3

Account of duty paid 3 inputs sent to the job workers Correct Answer Free convertible foreign exchange Rs.2500 3

Marks

3

Rs.16000

3

Removal of excisable 3 goods for export RG23C- Part II Available One year 3 3 3

78 51

Job work challan is contained in

Annexure II

Annexure II 5 years 24hours

3 3 3

Records maintained for excise 5 years purpose must be preserved for a period of 2 After clearance of goods from 24hours factory triplicate and quadruplicate copies of ARE 1 will be submitted to superintendent or inspector of central excise within Ques_ID Question Answer Given 64 The CT-1 certificate will be valid for One year 109 Annexure IV under Central Excise Account of Act is maintained for the duty paid inputs sent to the job workers 84 Monthly return (ER1) is required to Quintuplicate be filed in 123 A manufacturer received certain Nil inputs costing Rs 500000 and paid duty @ 10% and availed cenvat credit. The manufacturer sent these goods to job worker but returned within 180 days. What is the amount of duty payable ? 100 Application for removal of excisable ARE-1 goods for export is made in Form 50 For availing Cenvat Credit on RG23C- Part II Capital goods name of the register required is 27 Interest per day in case of delay in 1000 payment of duty is Rs. 124 An assessee sold goods to ABC Co. Rs.12000 a related person for Rs 10000 on 21th May 2005. On that date the price of selling price of goods to on unrelated person was Rs 12000. What is the assessable value ? 6 500 kg of inputs were received duty Rs.2500 paid on which was Rs 2500. These were issued to production. While on production line a fire broke out and 200 kg of inputs lying on shop floor were destroyed. What is the amount of Cenvat Credit available ? 20 In case of Job work if the raw Raw Material

Correct Answer One year 3 Account of duty paid 3 inputs sent to the job workers Quintuplicate Nil 3 3

Marks

ARE-1 RG23C- Part II 1000 Rs.12000

3 3 3 3

Rs.2500

3

Raw Material Supplier 3

material supplier undertakes to pay Supplier duty then who is required to get registered Ques_ID Question Answer Given 20 In case of Job work if the raw Raw Material material supplier undertakes to pay Supplier duty then who is required to get registered 63 Registration Certificate shall be Supritendent issued by the of Central excise 23 A manufacturer received certain Rs.16000 inputs costing Rs 100000 and duty paid @ 16% and also availed cenvat credit. After some processing manufacturer sent these material to job worker but was not returned within 180 days.What is the amount of duty payable ? 25 Depreciation can be claimed on Value of the that part of the fixed assets if fixed assets CENVAT availed on exise duty paid excluding which represents duty 59 Export rebate can be obtained for Free export to Nepal if it is made in convertible foreign exchange 2 After clearance of goods from 24hours factory triplicate and quadruplicate copies of ARE 1 will be submitted to superintendent or inspector of central excise within 84 Monthly return (ER1) is required to Quintuplicate be filed in 24 At the time of export which copy of Original ARE 1 form will be submitted to the Duplicate and customs officer along with goods ? Quintuplicate 123 A manufacturer received certain Nil inputs costing Rs 500000 and paid duty @ 10% and availed cenvat credit. The manufacturer sent these goods to job worker but returned within 180 days. What is the amount of duty payable ? 85 Merchant exporters before clearing Bond the goods without payment of duty are required to execute a

Correct Answer Raw Material Supplier 3

Marks

Supritendent of Central excise Rs.16000

3 3

Value of the fixed 3 assets excluding duty Free convertible foreign exchange 24hours 3

3

Quintuplicate

3

Original Duplicate and 3 Quintuplicate Nil 3

Bond

3