LLM Group 2 Business Law Law Relating To Customs And Foreign Exchange 2015 Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Discuss the powers of Customs Officers to ‘Arrest, Seizure and Confiscation’ under the Customs Act, 1962 Compare the provisions relating to civil “Adjudication/Appeal Proceedings” under Customs Act, 1962. Can the Civil & ‘proceedings simultaneously be initiated and continued: against the Discuss the salient features of FEMA in comparison with
2. Q5 Discuss the nature contraventions under FEMA, 1999 and the thereunder with reference to the hierarchy and jurisdiction under the Act Delineate the following concepts under FEMA, 1999:
   • (a) Foreign Direct Investment in India
   • (b) . Export of Goods and Services Write notes on any three (3) of the following: of presumption of cuipable mental state u/s of the Customs Act, 1962 Notice u/s 124 of the Customs Act, 1962
   • (iii). Provision relating to abatement u/s 43 of
   • (iv) Import Export Code (IEC) Number and objectives of FT (D&R)
   • N.B. (a) Attempt any four (4) questions
   • (b) All questions carry 25 marks each the provisions of the Customs Act, 1962 relating levy, assessment and exemption of
3. Q2 Critically analyze the law relating to ‘presumption of culpable mental state’, Powers of Customs Officers for search, seizure and arrest of the person under the Customs Act, 1962
4. Q3 Discuss the ‘Adjudicatory’ and ‘Appeal’ proceedings under the
5. Q4 the provisions relating to ‘Arrest’ and ‘Imprisonment’
6. Q5 Discuss the provisions of FEMA, 1999 with reference to
   • (a) Contravention by Companies
   • (c) Effect of death or insolvency of a person
7. Q6 evaluate the noteworthy features of FEMA, 1999
8. Q7 Write notes on any three (3) of the following:
   • (i) relating to interpretation of Customs Law
   • (ii) | Refund of Customs Duties
   • (iii) ‘Person’ under FEMA
   • (iv) Export of Goods and Services under FEMA Import Export Code (IEC) number and license

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