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201617Date: 23rdC LASS XII November 2016C OMMERCEMax Marks: 200This paper contains 100 objective type questions. Each question or incomplete sentence is followed2awarded. CommerceXII1.PART A Accountancy
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Commerce XIICDR stands for Commerce Exports and Imports Control Data Reporting.
Any business or individual involved in importing or exporting goods is required to file Commerce XIICDR.
Commerce XIICDR can be filled out online through the designated government portal for trade reporting.
The purpose of Commerce XIICDR is to track and monitor the flow of goods in and out of the country for regulatory and statistical purposes.
Key information such as product description, quantity, value, country of origin/destination, and HS code must be reported on Commerce XIICDR.
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