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Central Excise Tariff Act

Description: This quiz covers the key aspects of the Central Excise Tariff Act, an important legislation governing excise duties in India.
Number of Questions: 15
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Tags: central excise tariff act excise duties indian law
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What is the primary objective of the Central Excise Tariff Act?

  1. To regulate customs duties on imported goods

  2. To impose excise duties on domestically produced goods

  3. To determine income tax rates for individuals and businesses

  4. To govern the sale and distribution of alcoholic beverages

Show answer
Correct Option: B
Explanation:

The Central Excise Tariff Act is primarily concerned with the imposition of excise duties on goods manufactured or produced in India.

Which authority is responsible for administering the Central Excise Tariff Act?

  1. Central Board of Direct Taxes (CBDT)

  2. Central Board of Excise and Customs (CBEC)

  3. Directorate General of Foreign Trade (DGFT)

  4. Reserve Bank of India (RBI)

Show answer
Correct Option: B
Explanation:

The Central Board of Excise and Customs (CBEC) is the nodal agency responsible for administering the Central Excise Tariff Act.

What is the basic structure of the Central Excise Tariff Act?

  1. It consists of a single chapter and multiple sections

  2. It is divided into several chapters, each dealing with a specific aspect

  3. It is organized into parts, with each part covering a different topic

  4. It is structured as a series of schedules, listing various goods and their applicable duties

Show answer
Correct Option: B
Explanation:

The Central Excise Tariff Act is divided into several chapters, with each chapter covering a specific aspect of excise duties, such as definitions, rates, exemptions, and procedures.

Which chapter of the Central Excise Tariff Act deals with the classification of goods for excise duty purposes?

  1. Chapter II

  2. Chapter III

  3. Chapter IV

  4. Chapter V

Show answer
Correct Option: B
Explanation:

Chapter III of the Central Excise Tariff Act provides the classification of goods for the purpose of levying excise duties.

What is the significance of the First Schedule to the Central Excise Tariff Act?

  1. It lists the goods exempted from excise duty

  2. It specifies the rates of excise duty applicable to different goods

  3. It provides guidelines for determining the value of goods for excise duty purposes

  4. It contains the rules and procedures for filing excise duty returns

Show answer
Correct Option: B
Explanation:

The First Schedule to the Central Excise Tariff Act specifies the rates of excise duty applicable to different goods.

Under which section of the Central Excise Tariff Act can a manufacturer claim a refund of excise duty paid?

  1. Section 11

  2. Section 12

  3. Section 13

  4. Section 14

Show answer
Correct Option: A
Explanation:

Section 11 of the Central Excise Tariff Act provides for the refund of excise duty paid in certain cases, such as when the goods are exported or destroyed.

What is the time limit for filing an appeal against an order passed by the Central Excise authorities?

  1. 30 days

  2. 60 days

  3. 90 days

  4. 120 days

Show answer
Correct Option: C
Explanation:

The time limit for filing an appeal against an order passed by the Central Excise authorities is 90 days.

Which authority is responsible for hearing appeals against Central Excise orders?

  1. Central Excise Appellate Tribunal (CEAT)

  2. High Court

  3. Supreme Court

  4. National Consumer Disputes Redressal Commission (NCDRC)

Show answer
Correct Option: A
Explanation:

The Central Excise Appellate Tribunal (CEAT) is the authority responsible for hearing appeals against Central Excise orders.

What is the penalty for non-payment of excise duty?

  1. Fine only

  2. Imprisonment only

  3. Both fine and imprisonment

  4. None of the above

Show answer
Correct Option: C
Explanation:

The penalty for non-payment of excise duty includes both fine and imprisonment.

Which section of the Central Excise Tariff Act deals with the confiscation of goods in case of evasion of excise duty?

  1. Section 11A

  2. Section 12A

  3. Section 13A

  4. Section 14A

Show answer
Correct Option: A
Explanation:

Section 11A of the Central Excise Tariff Act deals with the confiscation of goods in case of evasion of excise duty.

What is the purpose of the Central Excise Tariff (Amendment) Act, 2022?

  1. To increase the rates of excise duty on certain goods

  2. To introduce new exemptions from excise duty

  3. To streamline the procedures for filing excise duty returns

  4. To amend the classification of goods for excise duty purposes

Show answer
Correct Option: B
Explanation:

The Central Excise Tariff (Amendment) Act, 2022 introduced new exemptions from excise duty on certain goods.

Which section of the Central Excise Tariff Act provides for the grant of exemption from excise duty to manufacturers of small-scale industries?

  1. Section 8

  2. Section 9

  3. Section 10

  4. Section 11

Show answer
Correct Option: A
Explanation:

Section 8 of the Central Excise Tariff Act provides for the grant of exemption from excise duty to manufacturers of small-scale industries.

What is the threshold limit for availing the exemption under Section 8 of the Central Excise Tariff Act?

  1. Rs. 1 crore

  2. Rs. 2 crores

  3. Rs. 3 crores

  4. Rs. 4 crores

Show answer
Correct Option: A
Explanation:

The threshold limit for availing the exemption under Section 8 of the Central Excise Tariff Act is Rs. 1 crore.

Which authority is empowered to grant exemption from excise duty under Section 8 of the Central Excise Tariff Act?

  1. Central Board of Excise and Customs (CBEC)

  2. Commissioner of Central Excise

  3. Assistant Commissioner of Central Excise

  4. Superintendent of Central Excise

Show answer
Correct Option: B
Explanation:

The Commissioner of Central Excise is empowered to grant exemption from excise duty under Section 8 of the Central Excise Tariff Act.

What is the validity period of the exemption granted under Section 8 of the Central Excise Tariff Act?

  1. 1 year

  2. 2 years

  3. 3 years

  4. 4 years

Show answer
Correct Option: C
Explanation:

The validity period of the exemption granted under Section 8 of the Central Excise Tariff Act is 3 years.

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