LLM Group 2 Business Law Law Relating to Customs and Foreign Exchange Solved Question Papers with Answers 2015 to 2026 - Mumbai University | munotes

Law Relating to Customs and Foreign Exchange is Paper IV of LLM Group II, Business Law, subject code 26920, and the first thing to settle is how many papers this folder actually holds. There are eight uploads and eleven printed papers, because three of the scans carry two complete and different examinations rather than a paper and its Marathi. The 2015 file holds Q.P. Codes 12285 and 27194, the 2018 file holds 26069 and 50133, and the 2019 file holds Q.P. Code 50132 on page one and form 77848 on pages two and three, page three being the Marathi of the second paper. Count the printed papers and not the uploads before you plan revision.

The subject is two statutes taught as one, and the split is close to even. Across the seventy-seven questions, the Foreign Exchange Management Act, 1999 supplies rather more than half and the Customs Act, 1962 the rest, with the Foreign Trade (Development and Regulation) Act, 1992 appearing in ten of the eleven papers, most often as a note. Counted paper by paper with a script over the transcripts, contraventions and penalties under FEMA are set in ten papers, adjudication, appeal and the Appellate Tribunal in ten, and the 1992 Act in ten. Then search, seizure and arrest of a person under the Customs Act in eight; capital and current account transactions in seven; foreign direct investment in seven; the presumption of culpable mental state, unjust enrichment, warehousing, and abatement or death and insolvency in six each.

Those counts produce the most useful fact in this note, and it was computed by testing every combination of topics against every paper rather than judged by eye. No set of six topics covers four questions on all eleven papers. Exactly three sets of seven do, and all three share the same six: contraventions and penalties under FEMA, adjudication and appeal under FEMA, FERA compared with FEMA, foreign direct investment, search, seizure and arrest of a person, and the Foreign Trade (Development and Regulation) Act, 1992. The seventh is the presumption of culpable mental state, or capital and current account transactions, or refund of duty, and any one of the three completes the set. The six commonest topics alone reach four answerable questions on ten of the eleven papers; the one they fail is Q.P. Code 50132, the first page of the 2019 scan, where they reach only three.

One trap runs through the whole folder and it is worth more than any coverage advice. Three papers ask for a note on abatement under the Foreign Exchange Management Act. The provision meant is section 43, and it says the opposite of what the word suggests: a right, obligation, liability, proceeding or appeal arising in relation to section 13 shall not abate by reason of death or insolvency, but devolves on the legal representative or the official receiver or assignee, with a proviso limiting the representative to the extent of the estate he actually takes. A candidate who writes about when proceedings come to an end has stated the reverse of the law. Abatement in the Customs Act is a different concept altogether, section 22, a proportionate reduction of duty on damaged or deteriorated goods.

The shape has never moved in eleven years: three hours, one hundred marks, seven questions, attempt any four, all questions carrying equal marks, and the last question always a set of notes. That makes each question worth twenty-five marks, which is about forty-five minutes of writing, and it is why an answer that would pass at twelve marks fails here. Every paper from 2018 onward also instructs the candidate to cite case law or use citations, so an answer without worked authority loses marks on the paper's own terms.

The examiner reuses whole questions word for word across years, which is worth knowing before you choose what to prepare. The question on the powers of customs officers with respect to search, seizure and arrest of a person appears in eight papers in almost identical words; the question on contraventions, penalties and compounding under FEMA appears in four; and the question on the establishment and jurisdiction of the Appellate Tribunal under FEMA appears in the three most recent papers unchanged. Forms 97875 and 16715, both filed as 2025-2026 and sat about eight months apart on 19 November 2025 and 10 July 2026, share four of their seven questions.

Three faults in the papers are worth knowing so that you do not think you have misread. Form 82532 of 2024-2025 misnumbers its own questions, printing them 1, 2, 3, 3, 4, 6 and 7, so the numeral 3 is used twice and 5 is never used, and the page reproduces that exactly. Form 20090 of 2022 misprints its fourth question as the concept of 33Presumption of Culpable Mental State, with a stray 33 attached to the word; the provision meant is section 138A of the Customs Act. And the 2022 scan is footed Page 1 of 2 but the file holds one page; the English half is complete and ends on its printed terminator, the absent page being the Marathi.

These are model answers prepared by munotes. They are a study aid and not official University answer keys, which the University of Mumbai does not publish.