LLM Group 2 Business Law Law Relating To Customs And Foreign Exchange 2024-25 Question Paper - Mumbai University | munotes

Questions asked in this paper

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SECTION I - Form 82532. Attempt any four questions, all questions carry 25 marks (any four of seven) 100 Marks

1. 1. List and critically analyse the salient features of the Foreign Trade, Development & Regulation Act, 1992.
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2. 2. Critically evaluate the concept Presumption of culpable mental state and the Fundamental Principles related to the interpretation of the Customs Laws.
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3. 3. Discuss in appropriate details, the Adjudicatory and Appeal provisions as provided under the Customs Act.
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4. 3. Discuss the establishment and jurisdiction of Appellate Tribunal as constituted under the Foreign Exchange Management Act.
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5. 4. Critically evaluate the concept of Capital and Current Account transactions as provided under the Foreign Exchange Management Act.
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6. 6. Discuss in elaborate details, the concept of and circumstances under which the Refund of export and import duty can be asked for and allowed under the provisions of the Indian Customs Act.
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7. 7. Write Notes on Any Two of the following :
   • (a) 'Person' under the Foreign Exchange Management Act
   • (b) Warehouse under the Customs Law
   • (c) Abatement under the Foreign Exchange Management Act
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