BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FALSE
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Detailed explanation-1: -Determine and track duties and taxes payable and process payments on behalf of client. Sign documents under a power of attorney. Represent clients in meetings with customs officials and apply for duty refunds and tariff reclassifications. Coordinate transportation and storage of imported goods.
Detailed explanation-2: -A CUSTOMS BROKER shall conduct himself properly and beyond reproach and shall not conceal facts and/or connive with clients to suppress facts essential in the proper collection of government revenues, or induce importers or his employees to commit frauds. upon or abet in the commission of frauds upon the revenue.
Detailed explanation-3: -To regulate the licensing of customs brokers, the Government of India (GoI) introduced Customs Brokers Licensing Regulations (CBLR, 2018). The regulations are issued per the Aadhar Act 2016, Companies Act 2013, Finance Act 1994, and CBDT Act 2017.