LLM Group 2 Business Law Law Relating To Customs And Foreign Exchange 2025-26 Set 2 Question Paper - Mumbai University | munotes

Questions asked in this paper

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SECTION I - Form 16715. Attempt any four questions, all questions carry 25 marks (any four of seven) 100 Marks

1. 1. The Customs Act, 1962 is 'both, a Fiscal and also a Preventive Statute'. Explain the statement in elaborate detail.
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2. 2. Discuss in appropriate details, the Adjudication and Appeals provisions as provided under the Customs Act.
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3. 3. Discuss in elaborate details, the nature of Contraventions, Penalties and compounding as provided under the Foreign Exchange Management Act.
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4. 4. Discuss the establishment and jurisdiction of Appellate Tribunal as constituted under the Foreign Exchange Management Act.
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5. 5. Elaborately discuss the distinguishing features of FERA and FEMA.
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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) Promissory Estoppel
   • (b) Ways and means to increase Foreign Direct Investment in India.
   • (c) Salient features of the Foreign Trade, Development & Regulation Act, 1992
   • (d) Unjust Enrichment
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