CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Central Board of Indirect Taxes and Customs launched which programme at Bengaluru and Chennai with technological support for faster clearance of imported goods and for the ease of doing business?
A
Speed customs
B
Quick customs
C
Turant customs
D
Tej customs
Explanation: 

Detailed explanation-1: -2020. One of the pillars of CBIC’s flagship ‘Turant Customs’ programme, the Faceless Customs initiative leverages technology to introduce anonymity in Customs assessment. Faceless Assessment virtually connects Customs assessment officers from different jurisdictions into a Faceless Assessment Group(s) or FAG.

Detailed explanation-2: -The amount of import tax and duties to be paid depends on the country that the goods are imported from. Duty tax rates are between 0 to 37.5% with the typical rate being 5.63%. A flat rate of 3% applies to e-commerce purchases that are in excess of the US import tax threshold limits.

Detailed explanation-3: -Constitution of National Assessment Centres (NACs) These NACs are organised according to the 1st Schedule to the Customs Tariff Act, 1975. The motive for a selection of the Zone in the NAC is to share volume of the import of the particular commodity groups in its Zone as compared to the All India imports.

There is 1 question to complete.