Question

Which of the following statements given below are correct according to the Union Budget 2023-24, regarding indirect tax:

1.    Excise duty exempted on GST-paid compressed biogas.

2.    Import duty on silver dore, bars and articles reduced.

3.    National Calamity Contingent Duty on specified cigarettes has been revised upwards by about 16%.

A 1 and 2 only Correct Answer Incorrect Answer
B 2 and 3 only Correct Answer Incorrect Answer
C 1 and 3 only Correct Answer Incorrect Answer
D 1, 2 and 3 Correct Answer Incorrect Answer
E None Correct Answer Incorrect Answer

Solution

The correct answer is C

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