Quiz · Module 1

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8 questions. The pass mark is 6 of 8, which is 70% rounded up. You can retake it.

Question 1

A Shipping Bill has a basis date of 20 Nov 2025. Which realisation period does FxLayer count?

A) 9 months B) 12 months C) 15 months D) 180 days

Question 2

A Shipping Bill has a basis date of 12 Oct 2026 and is invoiced in INR. Which period applies?

A) 9 months B) 15 months C) 6 months D) 12 months

Question 3

Your AD bank grants an extension on a Shipping Bill. What happens to the due date in FxLayer?

A) The extension date replaces the due date B) Both dates run and the earlier one counts C) The bill moves to the import register D) Nothing changes until the eBRC arrives

Question 4

When is the extension request letter offered?

A) As soon as a Shipping Bill is created B) Once the due date is within 60 days or has passed, and money is pending C) Only after the bill is fully realised D) Only a year after the due date

Question 5

A bill shows the flag "Exports on advance / LC only". What triggered it?

A) The buyer paid in advance B) An LC was attached C) The bill stayed unrealised a year past its due date D) The incentive rate differed

Question 6

In the incentives check, where does the declared rate come from?

A) You type it; the lookup shows the rate in FxLayer's schedule of notified rates for comparison B) It is pulled from ICEGATE C) It is filled automatically from the HS code D) The AD bank enters it

Question 7

The claim check shows "Rate differs". What is the right conclusion?

A) ICEGATE will pay the schedule rate B) The claim has been rejected C) The claim has been corrected for you D) It is a check, not what ICEGATE will pay; review the declared rate with your CA or customs broker

Question 8

The e-FIRA is in, but the eBRC tracker still shows the Shipping Bill as pending. Which statement is correct?

A) FIRA and eBRC are the same document B) FIRA shows the money arrived; eBRC is issued via DGFT; the EDPMS entry closes when the AD bank links the receipt to the Shipping Bill C) The eBRC is issued by the buyer's bank D) The EDPMS entry closed when the FIRA arrived

General information. Confirm with your AD bank or CA.