FEA 2005 TEST 1

1. The Federal Excise Act, 2005 contains __________.

A. 4 Chapter, 49 Sections and 3 Schedules
B. 6 Chapter, 59 Sections and 6 Schedules
C. 6 Chapter, 49 Sections and 2 Schedules
D. 6 Chapter, 49 Sections and 4 Schedules
2. 1st Chapter of FEA deals with __________.
A. Collection of Taxes B. Power of adjudication
C. Appeals D. Preliminary
3. Federal Excise Duty can be levied on following services __________.
A. Air travelers B. Shipping
C. Telecommunication companies D. All of these
4. Board means __________.
A. Board of Directors B. Board of Revenue
C. Federal Board of Revenue D. None of these
5. Duty able goods means excisable goods which are specified in the __________ schedule.
A. 4th B. 3rd
C. 1st D. 2nd
6. The franchisee is contractually or otherwise granted any right to produce and,
________.
A. Sale or trade B. Manufacture
C. Provide other services D. All of these
7. Goods maybe imported by __________.
A. Air B. Sea or land
C. Both A and B D. None of these
8. Any process of __________ is called manufacture.
A. Remaking B. Reconditioning
C. Repair D. All of these
9. Non-fund banking services maybe rendered by banking companies against a
consideration in form of __________.
A. Charges or fee B. Commission
C. Both A and B D. Voluntary
10. According to FEA, 2005 the word ‘’person’’ denotes __________.
A. Body of individuals B. Local Authority
C. Provincial Govt. or Federal Govt. D. All of these
11. Registered person means who is __________.
A. Tax payer B. Required to be registered
C. Registered D. Both B and C
12. Any transfer of possession of goods or providing of services by one person to another in
course of trade or business against case is called __________.
A. Sale B. Purchase
C. Both A and B D. None of these
13. Such person who informs state about theft of Tax committed by any person is called
__________.
A. Agent of FBR B. Spy
C. Whistle Blower D. All of these
14. Federal Excise Duty is charged at the rate of __________ on certain goods under section
5 of FEA.
A. 5% B. 7.5%
C. 0% D. 15%
15. The __________ may levy and collect duty on any class or classes of goods or services by
notification in official gazette.
A. Provincial Govt. B. Federal Govt.
C. Both A and B D. Autonomous body
16. The liability to pay the duty shall be on such person who is __________ those goods and
tariff area which are produced or manufactured in non-tariff area.
A. Consuming B. Providing
C. Both A and B D. Bringing
17. Mode of filing of return and payment of duty is described under section __________ of
FEA.
A. 4 B. 7
C. 5 D. 6
18. Section 5 of FEA, 2005 describes __________.
A. Adjustment of duty B. Drawback of duty
C. Zero rate of duty D. Both B and C
19. Default surcharge shall be charged at the rate of __________ of duty due, refund of
duty and drawback.
A. 7% B. 22%
C. 10% D. 12%
20. Such duty may __________ which is paid in excess of actual duty on any ground.
A. Be refunded on order of commissioner
B. Be refunded on application of party
C. Both A and B D. Be not refunded
21. At import stage of goods, duty will be assessed and paid on the value determined under
section __________.
A. 25 of FEA B. 27 of Customs Act
C. 25 of Customs Act D. 25 of Sales Tax
22. Any person who is registered under Sales Tax Act, 1990 is also __________ for
registration.
A. Liable B. Required
C. Mandatory D. Not required
23. Federal Govt. can collect arrears of duty within __________.
A. 5 Year B. 6 Month
C. 3 Year D. 5 Month
24. Inland Revenue Department will decide the recovery matters within __________ days.
A. 60 B. 30
C. 120 D. 90
25. __________ is empowered to exempt duty on goods and services specified in schedule
One of FEA, 2005.
A. FBR B. Federal Govt.
C. Both A and B D. Commissioner
26. __________ may exempt person or class of persons from duty.
A. Federal Govt. B. FBR
C. Both A and B D. None of these
27. Chapter 3 of FEA, 2005 describes __________.
A. Power of adjudication B. Offences and Penalties
C. Both A and B D. Appeals
28. Such amount or sum which is levied on production of goods is called __________.
A. Sales Tax B. Surcharge
C. Duty D. All of these
29. Conveyance means any means of transportation used for carrying goods or passengers
such as __________.
A. Vehicle B. Vessel
C. Animal D. All of these
30. Duty in respect of supplies made or services rendered during a month which is paid at
the time of filing of return is called __________.
A. Duty B. Due Duty
C. Both A and B D. Sales Tax
31. Proceedings against authority specified under section __________ can be initiated
according to Section 19-A of FEA, 2005.
A. 19 B. 9
C. 29 D. 25
32. Default surcharge is levied Under Section __________.
A. 19 B. 09
C. 29 D. 8
33. Rules for initiating criminal proceedings against an authority shall be prescribed by
__________ according to section 21 of FEA, 2005.
A. Federal Govt. B. Board of Directors
C. The Board D. All of these
34. According to Section 21, Case may be transferred from one Special Judge to another by
order of __________.
A. High Court B. FBR
C. Both A and B D. Federal Govt.
35. Power of seizures pertaining counterfeited cigarettes or beverages is described under
section __________ FEA, 2005.
A. 28 B. 25
C. 22 D. 26
36. Procedure of delegation of powers is described under section __________ of FEA, 2005.
A. 28 B. 27
C. 29 D. 25
37. An Appeal shall be filed in prescribed form having __________.
A. Precised grounds B. Prescribed fees
C. Both A and B D. None of these
38. Procedure of appeal to appellate Tribunal is described under section __________ of
FEA, 2005.
A. 33 B. 35
C. 32 D. 34
39. Reference to High Court shall be heard by bench of __________ Judges at least.
A. 3 B. 2
C. 5 D. None of these
40. Section 36 of FEA, 2005 empowers __________ pertaining rectification of mistake in
orders.
A. Any office Inland Revenue B. The Federal Govt.
C. FBR D. All of these