Bona fide technical and trade samples of items, even those in the restricted in ITC(HS)Classifications of Export and Import items is allowed without a license for a value not more than Rs. 1 lakh(CIF)

Related MCQs

• Export Promotion Capital Goods Scheme allows import of capital goods Free of import duty
• The export promotion scheme with the objective to neutralize the incidence of Customs duty on the import content of the export product is.
• The export promotion scheme with the objective to neutralize the incidence of Customs duty on the import content of the export product is.
• The export promotion scheme with the objective to neutralize the incidence of Customs duty on the import content of the export product is
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• The export promotion scheme that enables the post export replenishment of duty on inputs used in the export product is.
• The export promotion scheme that enables the post export replenishment of duty on inputs used in the export product is.
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• Consider the following statements about the Foreign Trade Policy 2015-20 unveiled on 1st Apr’15. A. This policy focuses on boosting exports and creating jobs while supporting the Centre’s Make In India and Digital India' programs. B. The new policy is to create architecture for the Indian economy so that it can gain global competitiveness and promote the diversification of Indian export. C. The policy is to move towards paperless working in 24x7 environments. D. The policy comes at a time when export growth contracted 15 percent in February 2014-15, reporting a negative growth for the third consecutive month.