MCQs of Federal Excise Act, 2005

81.   Section 15 of Federal Excise Act, 2005 deals with ____________?

a.       Application of Custom Act, 1969

b.      Application of Sales Tax Act, 1990

c.       Both a and b

d.      NOT

82.   Who has power to exempt duty on person or class of person ______?

a.       Federal government

b.      Board

c.       Both a and b

d.      NOT

83.   Goods and services present in the first schedule of Federal Excise Act, 2005 can be exempted by _______?

a.       Board

b.      Federal government

c.       Both a and b

d.      NOT

84.   Section __________ of Federal Excise Act, 2005 deals with Exemption

a.       14

b.      13

c.       15

d.      16

85.   Section 16 of Federal Excise Act, 2005 deals with _________?

a.       Registration

b.      Exemptions

c.       Record

d.      NOT

86.   A registered person requires to maintain his record for the period of ________ years?

a.       1

b.      3

c.       5

d.      6

87.   Section _____ of Federal Excise Act, 2005 deals with records.

a.       16

b.      17

c.       18

d.      AOT

88.   _______ is discussed under section 17 of Federal Excise Act, 2005?

a.       Registration

b.      Default Surcharge

c.       Records

d.      Exemptions

89.   Section 18 of Federal Excise Act, 2005 deals with_____________?

a.       Records

b.      Registration

c.       Invoice

d.      Exemption

90.   Invoice is discussed under which section of Federal Excise Act, 2005?

a.       17

b.      18

c.       19

d.      20