Bissoy.com
Doctors Medicines MCQs Q&A

The new MoU signed between CBDT and CBIC in July 2020, supersedes the MoU signed between CBDT and the erstwhile Central Board of Excise and Customs in which year?

The new MoU signed between CBDT and CBIC in July 2020, supersedes the MoU signed between CBDT and the erstwhile Central Board of Excise and Customs in which year? Correct Answer 2015

Option 3 is correct i.e. 2015.

  • The Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) have signed an MoU.
  • This agreement supersedes the MoU signed between CBDT and the erstwhile Central Board of Excise and Customs (CBEC) in the year 2015.
  • The agreement will facilitate the sharing of data and information between CBDT and CBIC on an automatic and regular basis. 

Related Questions

Consider the following statements about Central Board of Direct Taxes (CBDT). (a) The Central Board of Direct Taxes is a statutory authority functioning under the Central Board of Revenue Act, 1963. (b) It provides essential inputs for policy and planning of direct & Indirect taxes in India. (c) The CBDT is headed by CBDT Chairman and it comprises of seven members. (d) It is India’s official Financial Action Task Force unit. Which of the following statements are correct about CBDT? Select the correct answer using the code given below:
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: Soon VAT 69 whiskey and Smirnoff Vodka will not be found on the shelves of Delhi Liquor stores owing to the duplication of barcode by manufacturer United Limited. The Delhi government financial commissioner blacklisted the manufacturer. Financial commissioner Anindo Majumdar had said in an order dated September 14, that USL had violated provisions of the Delhi Excise Act, 2009 and Delhi Excise Rules, 2010 by using unauthorized and loose barcodes, which could be easily misused. Courses of action: I. The ban will force United Spirits Limited not to sell its liquor in the national capital for two years. II. the appellant violated provisions of the Delhi Excise Act, 2009, Delhi Excise Rules, 2010, the terms and conditions of the license issued to it and the standard operating procedure framed by the Delhi Excise Department and that consequently the department has rightly imposed the penalty of blacklisting under Rule 70 of the Delhi Excise Rules, 2010 upon United Spirits LTD (USL), Aurangabad. III. United Limited has been blacklisted by the Delhi government financial commissioner.
In April 2022, which bank has signed an MoU with the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) for the collection of taxes?
The Central Board for Indirect Taxes & Customs (CBIC) has launched the Indian Customs Compliance Information Portal (CIP) at www.cip.icegate.gov.in/CIP. It will provide free access to information on all customs procedures and regulatory compliance for nearly how many customs tariff items?
In July 2020, a formal MoU was signed between the Central Board of Direct Taxes, CBDT and which Ministry for sharing of data by CBDT to the Ministry?
In June 2020, the Central Board of Indirect Taxes and Customs (CBIC) has launched 'e-Office' in over how many GST and customs offices?
Who has been appointed as Chairman of the Central Board of Indirect Taxes and Customs (CBIC) in February 2020?
Where had the Central Board of Indirect Taxes and Customs organised a Conference of the Regional Heads of Customs Administration of Asia Pacific Region of the World Customs Organisation (WCO) in May 2019?
RBI has authorized which bank to collect indirect taxes on behalf of the Central Board of Indirect Taxes and Customs (CBIC)?
In May 2021, the Central Board of Indirect Taxes and Customs (CBIC) has restored the facility for trade by providing the option to submit an undertaking in lieu of bond up to which date?