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Federal Excise Act MCQs Questions with Answers. Federal Excise Act 2005 Multiple Choice Questions (MCQs) Test with Answers. FPSC, NTS, PPSC, SPSC, KPPSC Test Preparation Material. Link to Federal Excise Act 2005 PDF updated up to July 2021 is given below.

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Federal Excise Act 2005 MCQs

Q. Custom duty is levied on goods
I. imported into Pakistan
II. exported from Pakistan
III. transported through Pakistan
(A) I only
(B) II only
(C) I and II
(D) I and III

The answer is: (C) I and II ☑

Q. Excise duties are levied on a limited number of goods manufactured, and services provided _____ Pakistan.
(A) in
(B) outside
(C) both A and B
(D) None of these

The answer is: (A) in ☑

Q. All exports are liable to _____ Federal Excise Duty.
(A) 0%
(B) 5%
(C) 10%
(D) 17%

The answer is: (A) 0% ☑

Federal Excise Act MCQs

• Custom duty is levied on goods
• Excise duties are levied on a limited number of goods manufactured, and services provided _____ Pakistan.
• All exports are liable to _____ Federal Excise Duty.
• Federal Excise Act MCQs | Excise Duty Act 2005 Questions and Answers

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Federal Excise Act (PDF)
Download Federal Excise Act 2005 updated up to July 2021 in PDF from this page.