All imported goods shall be subject to domestic laws, rules, orders, regulations.

Related MCQs

• An important feature of Export License under which certain goods can be imported only by designated agencies. For an example, an item like gold, in bulk, can be imported only by specified banks like SBI and some foreign banks or designated agencies.
• License holder shall furnish following details of material being imported
• The area where the goods are permitted to be imported and re-exported without any processing in the same form is called
• An EPCG License holder may source capital goods from domestic leasing company.
• In case of Free of cost imported raw material, value addition would be computed by adding Notional Value of free of cost material to both CIF value of imports and FOB value of exports.
• If the CIF value of the consignment imported does not exceed----------------, the relative Bill of Entry is required to be filed by the registered courier service.
• Import of capital goods under EPCG scheme is subject to
• As per the MEIS scheme, the export promotion reward ------------- shall be issued to exporters without any attached conditions on the basis of realised FOB value provided they pertain to goods notified for the scheme by the government.
• As per the MEIS scheme, the export promotion reward ------------- shall be issued to exporters without any attached conditions on the basis of realized FOB value provided they pertain to goods notified for the scheme by the government.
• Export Promotion Capital Goods Scheme allows import of capital goods Free of import duty