A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (a) 1 only
Explanation
Statement 1 is correct as deferred payment of customs duty is permitted under Section 47 of the Customs Act, 1962. Statement 2 is incorrect because CBIC functions under the Department of Revenue, not the Department of Financial Services.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2018 · Q10 · General Studies · 2 marks
Consider the following statements: 1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years. 2. The Government does not impose any customs duty on all the imported edible oils as a special case. Which of the statements given above is/are correct? -
2025 · Q3 · General Studies · 2 marks
With reference to the Government of India, consider the following information: Organization Some of its functions It works under I. Directorate of Enforcement Enforcement of the Fugitive Economic Offenders Act, 2018 Internal Security Division-I, Ministry of Home Affairs II. Directorate of Revenue Intelligence Enforces the provisions of the Customs Act, 1962 Department of Revenue, Ministry of Finance III. Directorate General of Systems and Data Management Carrying out big data analytics to assist tax officers for better policy and nabbing tax evaders Department of Revenue, Ministry of Finance In how many of the above rows is the information correctly matched? -
2023 · Q17 · GS I · 15 marks
From being net food importer in 1960s, India has emerged as a net food exporter to the world. Provide reasons. -
2020 · Q19 · GS I · 15 marks
Customs and traditions suppress reason leading to obscurantism. Do you agree? -
2026 · Q59 · General Studies · 2 marks
Consider the following statements about the Committee on the Welfare of Scheduled Castes and Scheduled Tribes of the Parliament of India: 1. Although members of this Committee are elected from both Houses of Parliament, the Chairperson of this Committee is appointed by the Chairman of the Rajya Sabha. 2. Twenty members are elected by the Rajya Sabha and ten members by the Lok Sabha. 3. No Minister, except for the Union Minister of Social Justice and Empowerment, is eligible to be a member of this Committee. 4. Members are elected for a fixed term of two years from the date they enter their office. Which one of the following conclusions based on the above statements is correct?