MCQS FED-II

Under the FED Act 2005, the dutiable goods means all excisable goods specified in the  Schedule exempt under except those section 16.

Dutiable services under FED Act 2005 means all excisable services specified in the Schedule.

Duty means  under the Federal Excise Duty Act 2005.

Non-tariff area in FED Act Means:

Sales Tax Mode means

There are a total of schedules in FED Act 2005.

Excise duty is leviable on  under the FED Act 2005.

The standard rate of FED is _____ percent.

Duty on imports is leviable in

Excise duty may be levied and collected on:

Further duty at the rate of _____ may be charged, levied and collection on excisable goods and services provided to an unregistered person.

The federal government may levy and collect duty on any class or classes of goods or services at a

The liability to pay duty in case of production or manufacturing of goods shall be on

The liability to pay duty in case of goods imported into Pakistan shall be on

The liability to pay duty in case services provided or rendered in Pakistan shall be on

ln case of goods produced or manufactured in non-tariff areas and brought to tariff areas for sale or consumption. The liability to pay duty shall be on

For every month, a registered person/shall furnished not later than the due date i.e. a true and correct return.

Due duty will be in

Revise return can be filed after approval from _____ within 120 days of filing of original return.

Revise return can be filed within sixty days after approval from deposited

Duty on exported items will charged @ of _____%

Drawback of duty may be allowed on

The duty already paid on goods specified in  Schedule and used directly as input goods for the manufacture or production of such goods shall be deducted from the amount of duty calculated on such goods.

_____ pay default surcharge @ 12% per annum

The value and the rate of duty applicable to any goods or services shall be the value, retail price, tariff value and the rate of duty in force: