Which of the following statements holds true for the customs department?
A)It refers to the governmental agency responsible for the transportation of goods from one country to another.
B)It refers to the governmental agency that establishes special economic zones for organizations willing to invest in the country.
C)It refers to the governmental agency that provides legal support to foreign institutional investors willing to invest in the country.
D)It refers to the governmental agency that monitors imports and collects import duties on goods coming into the country.
E)It refers to the governmental agency that provides financial assistance to multinational companies to set up business establishments in the country.

Question

Quizplus · Accepted Answer

The customs department is responsible for monitoring imports and collecting import duties on goods coming into the country. Therefore, option D is the correct choice. The other options are not related to the role of the customs department.

Which of the Following Statements Holds True for the Customs