Suppose, if any export is subject to any export duty as part of any go – McqOptions

MCQOPTIONS

1.	Suppose, if any export is subject to any export duty as part of any govt.policy, what will be the fate of the unutilised ITC in such cases?
A.	Refunded
B.	No Refund
C.	Adjustment over Basic Customs Duty on import, if any, to the same dealer
D.	Either (B) or (C)
Answer» C. Adjustment over Basic Customs Duty on import, if any, to the same dealer

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