kauni abedi
(245)
(28 Points)
Replied 09 June 2014
CA J.Alamelu lakshmi
(Chartered Accountant)
(852 Points)
Replied 09 June 2014
Can someone share the answers or method to solve qn 1 a, b, d, e??
pranjala
(student)
(132 Points)
Replied 09 June 2014
Dont think that paper was easy. Its actually tricky. If u r thinking for exemption.. probably ur valuation is wrong. paper prepared so planned that only to award 40-45 marks. Trust me its tough paper comparive to last dew attempts.
S ANANDHI
(ASST MANAGER)
(34 Points)
Replied 09 June 2014
Paper was good. It showed that u had to be prepared thhroughly. Practical questions just tested ur understanding of the subject.
pranjala
(student)
(132 Points)
Replied 09 June 2014
m not saying its tough to pass. its tough to get 60 m saying. no flaws in my preparation
CMA Thiru
(CA FINAL STUDENT)
(378 Points)
Replied 09 June 2014
CMA Thiru
(CA FINAL STUDENT)
(378 Points)
Replied 09 June 2014
CMA Thiru
(CA FINAL STUDENT)
(378 Points)
Replied 09 June 2014
Q-1(e) My Answer Only
Assessabla Value =>1,00,000*65.20=65,20,000 ( CBEC Rate-Bill of entry Taken)
Basic Custom Duty => 65,20,000*10%=6,52,000 (20.04.2014 Rate Taken)
Total=>72,05,000
Late - 24 days
Interest - 15% P.A
Interest = 65,20,000*15%*24/365 = 6,52,000*15/100*24/365 = 6,430/-
CMA Thiru
(CA FINAL STUDENT)
(378 Points)
Replied 09 June 2014
Q-1(d) my answer Invoice value Product R- 4,21,875 Product T - 1,34,375 Vat payable Product R - 24,375 Product T - nill
Q-1(e) My Answer Only Assessabla Value =>1,00,000*65.20=65,20,000 ( CBEC Rate-Bill of entry Taken) Basic Custom Duty => 65,20,000*10%=6,52,000 (20.04.2014 Rate Taken) Total=>72,05,000 Late - 24 days Interest - 15% P.A Interest = 65,20,000*15%*24/365 = 6,52,000*15/100*24/365 = 6,430/-
dinesh
(01010)
(35 Points)
Replied 09 June 2014
reshma
(Student CA Final )
(171 Points)
Replied 09 June 2014
| Originally posted by : CMA Thiru | ||
 |
My Answers
|
 |
CA Rahul Sharma
(Asisstant Manager Finance)
(697 Points)
Replied 09 June 2014
i think this was the easiest paper in grp II those who could not do better in previous 3 papers can have some from it bt paper was really lengthy, amendents were asked that was + point, case studies was also good, bt manipulations was with marking allocation, too many case studies and those also for just 3 marks , 6 marks for some irrelevant qn like bond, it was the game which institute played, i waste so much time on case studies to answer and couldnt attempt whole paper, so tragedic but still hoping some good for future lets see best of luck to all........
CA Rahul Sharma
(Asisstant Manager Finance)
(697 Points)
Replied 09 June 2014
In qn 1e as per my opinion interest was to be calculated from the expiry of 90 days from date of deposit not from the date of end of warehousing period
CA Rahul Sharma
(Asisstant Manager Finance)
(697 Points)
Replied 09 June 2014
there was flood of case laws , but with low markings
CAclubindia
