MCQs of Federal Excise Act, 2005

91.   Chapter III of Federal Excise Act, 2005 deals with __________?

a.       Offences

b.      Penalties

c.       Both a and b

d.      NOT

92.   Section 19 of Federal Excise Act, 2005 deals with _______?

a.       Offences

b.      Penalties

c.       Fines

d.      Allied Matters

e.      AOT

93.   If a person who fails to file return then he needs to pay fine of ______?

a.       Rs.5000

b.      Rs.10000

c.       5%

d.      Both a and c

94.   If a person has done short payment of duty then he shall pay fine of_______?

a.       Rs.10000

b.      Rs.5000

c.       5%

d.      Both a and c

95.   When a person pays duty within 15 days after the due date, then he will pay fine of _______?

a.       Rs.100 per day

b.      Rs.200 per day

c.       Both a and b

d.      NOT

96.   A person shall pay fine of Rs.20000 if he commits

a.       Make sign declaration incorrect

b.      Counterfeit or falsifying

c.       Refuse to produce document

d.      Sell Cigarette at lower price

e.      AOT

97.   A person shall pay fine of Rs.50000, 5 times duty and 5 year jail if he commits:

a.       Illegal removal or storage

b.      Anyway concern in conveying removing/ dipositing

c.       Fraudulent evasion

d.      Claim undue adjustment

e.      Manufacturing of dutiable goods in contradiction

f.        AOT

98.    If a person destroy, manipulate, and erase the computer data without the permission of commissioner then he needs to pay fine of _______?

a.       Rs.75000 Penalty, or 10 times duty, and 5 year jail

b.      Rs.50000 Penalty, or 5 times duty, and 3 year jail

c.       Rs.25000 Penalty, or 15 times duty, and 1 year jail

d.      NOT

99.   When a person refund or drawback of any duty i.e. undue then he shall pay fine of_______?

a.       Rs.100000

b.      5 Times duty

c.       5 year jail

d.      AOT

100.   If a person interferes in the duty or service of revenue officer then he shall pay penalty of________?

a.       Rs.50,000

b.      5 times duty

c.       3 years

d.      AOT