DISTANCE EDUCATION
M.B.A. DEGREE EXAMINATION, DECEMBER 2017.
Third Semester
INDIRECT TAXES
(2013-2014 Academic Year and 2014 Calendar Year Onwards)
Time Three hours Maximum 100 marks
PART A — X 8 40 marks)
Answer any FIVE questions.
1. Explain the special features of indirect tax levies.
2. Explain briefly the valuation of excisable goods.
3. Distinguish between CENVAT and MODUAT.
4. What are the main features of service tax?
5. How duty is assessed under the customs act?
6. State the circumstances under which central government
may prohibit illegal imports.
7. What are main objects of the Central Sales Tax Act?
8. Differentiate indirect taxes from direct taxes.
Sub. Code
35
DE-3268
2
Ws9
PART B — X 15 60 marks)
Answer any FOUR questions.
9. Enumerate the various powers and duties of Central
Excise Officers.
10. Describe the conditions for application of maximum retail
price as the basis of valuation.
11. Discuss the goods in respect of which CENVAT credit is
allowable.
12. Explain the provisions of levy, assessment and collection
of service tax.
13. Enumerate the scope of tax planning under the Customs
Act.
14. What are the areas of tax planning in Central Sales Tax
Act?
15. What goods can be warehoused? State the duration for
which goods can be warehoused.
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