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Question

Project where imported capital goods are required, have automatic clearance if the value of imported capital goods required is ________ of the total valise plant and machinery up to __________.

A
Less than 25% minimum of Rs. 2 crores
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B
Less than 25% maximum of Rs. 2 crores
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C
More than 5% minimum of Rs. 2 cores
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D
More than 25% minimum of Rs. 2 cores
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Solution

The correct option is B Less than 25% maximum of Rs. 2 crores
Project where imported capital goods are required automatic clearance if the value of imported capital goods required is less than 25% of the total value of plant and machinery up to maximum of Rs. 2 crores.

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