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Consumer rights and responsibilities

Which one of ...

Question

Which one of the following sources of Central revenue belongs to the category of Indirect taxes?

A

Corporation tax

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B

Customs

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C

Wealth tax

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D

Interest Receipts

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Solution

The correct option is B Customs
Custom Duty is a indirect tax for goods when import or export. The tax is collected by Central Board of Indirect Taxes and Customs.

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