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      Question

      As per section 76 of the Customs Act the drawback shall

      not be allowed__________________
      A Where the drawback due in respect of any goods is less than fifty rupees Correct Answer Incorrect Answer
      B In respect of any goods the market-price of which is less than the amount of drawback due Correct Answer Incorrect Answer
      C In respect of any goods the market-price of which is more than the amount of drawback due Correct Answer Incorrect Answer
      D Both a & b Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Section 76. Prohibition and regulation of drawback in certain cases: (1) Notwithstanding anything hereinbefore contained, no drawback shall be allowed-- (b) in respect of any goods the market-price of which is less than the amount of drawback due thereon; (c) where the drawback due in respect of any goods is less than fifty rupees.

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