CS Final Group III : Direct and Indirect Taxation Law and Practice - December 2006

This Paper has 46 answerable questions with 0 answered.
Roll No…………
Time allowed : 3 hoursMaximum marks : 100
Total number of questions : 8Total number of printed pages : 4
PART—A
(Answer any two questions from this part.)
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2.(a)4 (0)
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 (d)Discuss whether the wealth–tax is attracted in the following cases :1each 
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3.Write notes on any four of the following : 5each 
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PART—B
(Answer any four questions from this part)
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 (b)Distinguish between the following:4each 
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 (d)he consignments imported by Young Ltd. were assessed provisionally under section 18 of the Customs Act, 1962 and provisional duty was paid. On final assessment, the finally assessed duty was adjusted against the provisional duty paid and the excess duty paid became refundable to the assessee under section 18(2) of the Act.
On claim of refund by assessee, the revenue contended that an application for refund should be made under section 27. The assessee contended that section 27 had no application in this case.
Further, the assessee, after having recovered the amount of excess duty paid from the customers, argued that the doctrine of unjust enrichment is not applicable in the said case.
The questions for consideration are –
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7.(a)Examine the following statements with reference to CENVAT Credit Rules, 2004 and indicate, giving brief reasons, whether they are true or false:2each 
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8.Attempt any five of the following : 3each 
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