Corporate and Other LawsMCQQuestion 5988 of 221
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12. Considering the provisions of the FEMA, 1999 decide upon the process of releasing the containers from Italian ports by the Indian company.

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — AHBL shall have to obtain prior permission of Ministry of Surface Transport (DG Shipping) for payment of the det ention charges as it exceeds the rates as prescribed by Director General of Shipping.

All Options:

  • AAHBL shall have to obtain prior permission of Ministry of Surface Transport (DG Shipping) for payment of the det ention charges as it exceeds the rates as prescribed by Director General of Shipping. ✓
  • BAHBL shall have to obtain prior permission of both Ministry of Surface Transport as well as Ministry of Finance, Department of Economic Affairs as the transaction involves payment of foreign exchange as detention charges.
  • CAHBL shall have to obtain prior permission of Ministry of Finance, Department of Economic Affairs for payment of the detention charges as it exceeds the rates as prescribed by Director General of Shipping.
  • DAHBL need not obtain permission from any government authorities in India as now the ship is at the Italian ports away from Indian Jurisdiction.

Detailed Solution & Explanation

Correct Answer: Option **A** Explanation: As per the official suggested answer, option **A** is correct. Hence, **Option A** is the correct answer.

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