Indirect tax importance for CA Final

Hello friends, kindly find enclosed herewith INDIRECT TAX importance for CA Final . Pay concentration on the importance but DONT ONLY DO IMPORTANCE. with regards Professor Mukesh Chhangani (visiting faculty of WIRC CA).

1.         What are the basic conditions for levy of excise duties?

2.       Comment whether the person storing goods is liable to pay duty.

3.       Define Deemed manufacturing.

4.       When is Transaction value to be treated as Assessable value?

5.       Define “place of removal”

6.       What is excise Audit?

7.        Explain the concept of MRP with examples of goods covered under MRP.

8.       Explain the procedure of Registrations as per central excise Rule no. 9.

9.       Explain Daily stock account as per Rule 10.

10.    When is E-payment of excise/service Tax compulsory?

11.       Explain what are Proto-Types?

12.     Case study on Remission of Duty.

13.     Explain the rule regarding returns of goods as per Rule 16.

14.     PQ on SSI.

15.     Exemption available to SSI.

16.     Define custom area, custom water area, Entry, person-in-charge, prohibited goods, stores,.

17.     Provisional assessment as per section 18.

18.     How duty is calculated on import of set of articles.

19.     Remission of duty on lost, destroyed and abandoned goods.

20.   Write a note on “Project Import” (vvv imp).

21.     Define identical goods, similar goods, stores, import general manifest report, brand rates.

22.    Explain baggage along with taxable event.

23.    Distinguish between transit & transshipment of goods.(VVV imp)

24.   Explain maximum Ware housing period in case of imported goods.

25.    Comparison of DBK under section 74 & 75.

26.   Explain what temporary detention of baggage is.

27.    Penalty for improper exports.

28.    Significance of “Burden of proof” u/s 123 of customs Act, 1962.

29.   What is redemption fine?

30.   Practical question on computation of Custom duty liability.

31.     Composition scheme for distribution, promotion of lottery service. (Practical question).

32.    Explain the exemption available to small service providers.

33.    Case study on classification of services.

34.   Explain the rules for valuation of services.

35.    One practical question from 28 individual services. (important services: Goods transport agency, banking, copyright, intellectual property right, transport of passenger for journey by air, Port services, Tour operator services, renting of immovable property, business auxiliary services)  

36.   Explain the concept of reverse charge.

37.    Explain composition scheme of payment of service tax.

38.    Explain the variants of VAT.

39.   Explain methods of computing VAT.

40.  One practical question of VAT.

41.     Explain when input credit is not available, and when it is available.

42.   Explain the taxability of Lease contract, hire purchase contract or work contract.

43.   Define Capital goods (VVV imp), exempted goods, Final product as per cenvat credit rules 2004.

44.   Case study on input, input service and capital goods.

45.   Explain the reversals in case of computers & computer peripherals if removed after use.

46.   Removal by 100% EOU to Domestic Tariff area.

47.   Explain the obligation of manufacturer of dutiable goods and exempted goods and provider of taxable and exempted services.

48.   One practical question on Cenvat credit.

49.   Settlement  of cases. (condition, case study)

50.   Appeal to CESTAT or commissioner of appeal.

all the best for examinations.