Consider the following statements with reference to indirect taxes in – McqOptions

MCQOPTIONS

1.	Consider the following statements with reference to indirect taxes in Budget 2020.1. Custom duty was raised on footwear from 25% to 35% and on furniture goods from 20% to 25%.2. Basic customs duty on imports of newsprint and light-weighted coated paper was reduced from 10% to 5%.Which of these statements given above is/are correct?
A.	Only 2
B.	Only 1
C.	Neither 1 nor 2
D.	Both 1 and 2
Answer» E.

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