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, Index
Sl. No. Exam Term Pg.no.
1 June 2017 1
2 December 2017 14
3 June 2018 27
4 December 2018 40
5 June 2019 56
6 December 2019 74
, 1
Suggested Answer_Syl2016_Jun2017_Paper 11
INTERMEDIATE EXAMINATION
GROUP - II
(SYLLABUS 2016)
SUGGESTED ANSWERS TO QUESTIONS
JUNE - 2017
Paper-11 : INDIRECT TAXATION
Time Allowed : 3 Hours Full Marks : 100
The figures in the margin on the right side indicate full marks.
Question No. 1, including all its sub-questions is compulsory.
Answer any five questions from the rest.
Wherever necessary, you may make suitable assumptions and
state them clearly in your answer.
Working notes should form part of the answer.
Part – I
(All questions are compulsory.)
1. (A) Answer the following: 1×10=10
(i) Which of the following is not a consumption based tax?
(a) Value Added Tax (VAT)
(b) Central Excise
(c) Service Tax
(d) Central Sales Tax
(ii) Who is not empowered to perform Special Audit u/s. 14A of the Central Excise
Act?
(a) Cost Accountant
(b) Chartered Accountant
(c) Assistant Commissioner of Central Excise (Audits)
(d) None of the above
(iii) The selling price of a motor cycle is ` 65,000. The product attracts Basic Excise
Duty @ 12.5% and CST @ 2%. What would be the assessable value of the product
under the Central Excise Act?
(a) 56644.88
(b) 74587.50
(c) 56277.06
(d) None of the above
(iv) What is the frequency of filing returns under Central Excise by a Small Scale
Industry?
(a) Bi-monthly
(b) Monthly
(c) Quarterly
(d) Half-yearly
(v) Name the product which is not eligible for CENVAT Credit.
(a) Raw material
(b) Furnace oil
(c) Diesel for generation of electricity
(d) None of the above
(vi) Which of the following is levied in lieu of Central Excise Duty on import of goods?
(a) Safeguard Duty
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[Kindly register to get all the updates instantly]
Following on Instagram:
Account Name: BUDDING_CMA.POSITIVITY
https://instagram.com/budding_cma.positivity?igshi
d=3d0y3ravpjey
Join us on Telegram:
Channel Name: Budding CMA
https://t.me/buddingcma
Thank you for all the SUPPORT
, Index
Sl. No. Exam Term Pg.no.
1 June 2017 1
2 December 2017 14
3 June 2018 27
4 December 2018 40
5 June 2019 56
6 December 2019 74
, 1
Suggested Answer_Syl2016_Jun2017_Paper 11
INTERMEDIATE EXAMINATION
GROUP - II
(SYLLABUS 2016)
SUGGESTED ANSWERS TO QUESTIONS
JUNE - 2017
Paper-11 : INDIRECT TAXATION
Time Allowed : 3 Hours Full Marks : 100
The figures in the margin on the right side indicate full marks.
Question No. 1, including all its sub-questions is compulsory.
Answer any five questions from the rest.
Wherever necessary, you may make suitable assumptions and
state them clearly in your answer.
Working notes should form part of the answer.
Part – I
(All questions are compulsory.)
1. (A) Answer the following: 1×10=10
(i) Which of the following is not a consumption based tax?
(a) Value Added Tax (VAT)
(b) Central Excise
(c) Service Tax
(d) Central Sales Tax
(ii) Who is not empowered to perform Special Audit u/s. 14A of the Central Excise
Act?
(a) Cost Accountant
(b) Chartered Accountant
(c) Assistant Commissioner of Central Excise (Audits)
(d) None of the above
(iii) The selling price of a motor cycle is ` 65,000. The product attracts Basic Excise
Duty @ 12.5% and CST @ 2%. What would be the assessable value of the product
under the Central Excise Act?
(a) 56644.88
(b) 74587.50
(c) 56277.06
(d) None of the above
(iv) What is the frequency of filing returns under Central Excise by a Small Scale
Industry?
(a) Bi-monthly
(b) Monthly
(c) Quarterly
(d) Half-yearly
(v) Name the product which is not eligible for CENVAT Credit.
(a) Raw material
(b) Furnace oil
(c) Diesel for generation of electricity
(d) None of the above
(vi) Which of the following is levied in lieu of Central Excise Duty on import of goods?
(a) Safeguard Duty
www.instagram.com/budding_cma.positivity www.buddingcma.in https://xn--r1a.click/buddingcma
