LLM Group 2 Business Law Law Relating To Customs And Foreign Exchange 2019 Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 The Customs Act, 1962 is a “fiscal and preventive statute” simultaneously. Discuss with reference to the relevant Sections of the
2. Q2 Critically analyse the law relating to ‘presumption of culpable mental state’, Powers of Customs Officers for search, seizure and arrest of a person under the Customs Act, 1962
3. Q3 Discuss the Adjudication and Appellate procedures under the Customs Act, 1962. Under what circumstances and by whom the “Settlement of cases” can be considered?
4. Q4 Trace the historical background of Foreign Exchange Regulation Act (FERA) and evolution of Foreign Exchange Management Act (FEMA)
5. Q5 Outline briefly the new concepts under the Foreign Exchange
6. Q6 Explain the meaning and scope of the following topics under FEMA:
   • (a) Export of Goods and Services
   • (b) Appeals and Penalties
7. Q7 Write notes on any three (3) of the following: and Compounding of Offences U/s. 137 of the
   • (b) Foreign Exchange and Currency
   • (c) Unjust enrichment
   • (e) Promissory estoppel / Subject Code: 26920 Group - II. Business Law - Paper-IV - Law Relating to Customs and Foreign Please check whether you have got the right question paper
   • N.B: Answer any four questions
8. Q2 All questions carry equal marks
9. Q3 Support the answers with relevant case laws and sections
10. Q4 All the answers should be in neat and legible handwriting
11. Q1 State and elaborate the salient features of Foreign Exchange Management Act, 1999. 25 marks
12. Q2 Explain the provisions relating to offences and the penalties levied under the Customs 25 marks
13. Q3 Write notes on the following : 25 marks
    • a) Regulation and impact of Foreign Direct Investment in India
    • b) ‘Person’ and ‘person resident in India’ as defined in Foreign Exchange
14. Q4 Explain in detail the provisions relating to adjudication process under Foreign Exchange 25 marks
15. Q5 Critically analyse the statement, “India has a Stringent Customs Law”. 25 marks
16. Q6 Write short notes on the following : 25 marks
    • i. Criminal Prosecution under Customs Act, 1962 li. Duties levied on import
17. Q7 Write short notes on the following : Warehousing of Goods 25 marks
    • ii. Salient features of Foreign Trade (Development and Regulation) Act, 1992 / Subject Code: 26920 Group - Business Law - Paper-IV - Law Relating to Customs and Foreign Exchange Please check whether you have got the right question paper
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20. Q3 feat Qu
    • a. WA
21. Q3 dl

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