Question

specific duty cannot be imposed on​

Answer 1

Answer:

Basic Customs Duty- Goods imported into India are chargeable to basic customs duty (BCD) under Customs Act, 1962. The rates of BCD are indicated in I Schedule (for Imports) of Customs Tariff Act, 1975. Education cess (EC) @2% and secondary & higher education cess (SHEC) @1% are applicable extra

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Answer 2

Import duties are not levied on some objects including lifesaving drugs/equipment, fertilizers, food grains, etc.

Explanation:

• Basic Customs Duty- Goods imported into India are chargeable to fundamental customs responsibility (BCD) under Customs Act, 1962.
• A precise responsibility is a levy of a given amount of cash in keeping with a unit of the import, such as $1 in keeping with the backyard or keeping with the pound.
• An advert Valorem responsibility, on the alternative hand, is calculated as a percent of the price of the import.
• Basic custom responsibility is the responsibility imposed at the price of the products at a particular charge.
• The responsibility is constant at a precise charge of ad-valorem basis.
• This responsibility has been imposed in 1962 and became amended sometimes and nowadays is regulated through the Customs Tariff Act of 1975.

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