CLAT GurukulSamudraManthan

Topic 189 · Answers

Basic Customs Duty Cut on Crude Edible Oils

All 10 answers, each with its Book 1 RATNA fact. Try the questions first

  1. Question 1Answer B

    From 24 September 2026 the Centre cut which duty on crude edible oils?

    • Anti-dumping duty
    • Correct answer: Basic Customs Duty
    • Social Welfare Surcharge
    • Agriculture Infrastructure Cess

    Core Trigger: From 24 September 2026 the Centre cut Basic Customs Duty on crude edible oils by a Finance Ministry notification.From Book 1 RATNA, topic 189, point 1

  2. Question 2Answer B

    The edible-oil duty cut aims to cool prices ahead of what?

    • The Union Budget
    • Correct answer: The festive season
    • Kharif sowing
    • The monsoon session

    Aim: The cut aims to cool edible-oil prices before the festive season.From Book 1 RATNA, topic 189, point 2

  3. Question 3Answer C

    Which Finance Ministry department administers customs?

    • Department of Economic Affairs
    • DIPAM
    • Correct answer: Department of Revenue
    • Department of Financial Services

    Current Head: Nirmala Sitharaman is the Union Finance Minister, and the Department of Revenue administers customs.From Book 1 RATNA, topic 189, point 3

  4. Question 4Answer D

    Basic Customs Duty is levied in which manner?

    • Specific
    • Compound
    • Seasonal
    • Correct answer: Ad valorem

    Key Term: Basic Customs Duty (BCD) is the main duty on imports, levied ad valorem under the Customs Tariff Act, 1975.From Book 1 RATNA, topic 189, point 4

  5. Question 5Answer A

    Consider: 1. Crude sunflower oil duty fell from 10 per cent to nil. 2. Crude soybean oil duty fell from 10 per cent to nil. Which is/are correct?

    • Correct answer: Only 1
    • Only 2
    • Both 1 and 2
    • Neither

    Rates: Crude sunflower oil duty fell from 10 per cent to nil; crude soybean and palm oil fell from 10 per cent to 5 per cent.From Book 1 RATNA, topic 189, point 5

  6. Question 6Answer B

    What crude-refined duty differential was kept to protect domestic refiners?

    • 12.50 per cent
    • Correct answer: 19.25 per cent
    • 7.50 per cent
    • 27.50 per cent

    Differential: Refined-oil duties were also cut, keeping a 19.25 per cent crude-refined differential to protect domestic refiners.From Book 1 RATNA, topic 189, point 6

  7. Question 7Answer D

    The Central Board of Indirect Taxes and Customs works from which building?

    • Udyog Bhawan
    • Jawahar Bhawan
    • Nirman Bhawan
    • Correct answer: North Block

    Headquarters: The Central Board of Indirect Taxes and Customs works from North Block, New Delhi.From Book 1 RATNA, topic 189, point 8

  8. Question 8Answer B

    On what date did the Customs Act, 1962 come into force?

    • 26 January 1962
    • Correct answer: 1 February 1963
    • 1 April 1962
    • 15 August 1963

    Founded: The Customs Act, 1962 came into force on 1 February 1963, and the Customs Tariff Act, 1975 sets the tariff rates.From Book 1 RATNA, topic 189, point 9

  9. Question 9Answer A

    The Customs Act, 1962 replaced which earlier law?

    • Correct answer: Sea Customs Act, 1878
    • Indian Tariff Act, 1894
    • Land Customs Act, 1924
    • Customs Regulation Act, 1801

    Landmark: The Customs Act, 1962 replaced the Sea Customs Act, 1878, consolidating customs law.From Book 1 RATNA, topic 189, point 10

  10. Question 10Answer A

    Consider: 1. Article 265 bars any tax except by authority of law. 2. Union List Entry 83 covers duties of excise. Which is/are correct?

    • Correct answer: Only 1
    • Only 2
    • Both 1 and 2
    • Neither

    Articles: Article 265 says no tax can be levied except by authority of law; Union List Entry 83 covers duties of customs.From Book 1 RATNA, topic 189, point 11

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