61. Default Surcharge is paid at the rate ________?
a. 15% per month
b. 17% annually
c. 12% per annum
d. NOT
62. Section 9 of Federal Excise Act, 2005 deals with __________?
a. Default Surcharge
b. Zero rate of duty
c. Adjustment of duties of excise
d. Liability for payment of duty in case of private companies
63. If a private company is sold out before paying duty, then who will be liable to pay duty?
a. Owner
b. Director
c. Partner
d. AOT
64. Section 10 of Federal Excise Act, 2005 deals with ________?
a. Applicable value and rate of duty
b. Collection of excess duty
c. Registration
d. AOT
65. Applicable value of duty would be paid on __________?
a. Retail price
b. Wholesale price
c. Manufacturing price
d. NOT
66. Collection of excess duty is discussed under section _________ of Federal Excise Act, 2005?
a. 7
b. 8
c. 10
d. 11
67. The non-refundable excess duty taken from consumer would be___________?
a. Given to wholesaler
b. Given to Federal Government
c. Given to consumer
d. NOT
68. Who fixes the retail price of a produced or manufactured good?
a. Government
b. FBR
c. Manufacturer
d. AOT
69. Who will determine the duty on the goods which are sold on retail price?
a. Manufacturer
b. FBR
c. Federal government
d. NOT
70. The determination of value of goods at import stage is done according to ____?
a. Provincial Government
b. Section 25 of Custom Act 1969
c. Sales Tax Act, 1990
d. NOT