CAO 13-2020 Flashcards

DEFINITION OF TERMS (10 cards)

1
Q

shall refer to the privilege granted to the importer, owner or consignee to lodge the Goods Declaration, or to cause the release of the shipment where duties, taxes, and other charges have already been paid, in its favor within a period prescribed under the CMTA.

A

Claiming

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2
Q

shall refer to the date when the last cargo intended for discharge in the port of entry has been unloaded from the carrier.

A

Date of Discharge of Last Package

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3
Q

shall refer to the submission of the hard copy of the Goods Declaration coupled with complete set of requisites supporting documents.

A

Filing

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4
Q

shall refer to the assessment deemed final fifteen (15) days after receipt of the notice of assessment by the importer or consignee.

A

Final Assessment

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5
Q

shall refer to a statement made in the manner prescribed by the Bureau and other appropriate agencies, by which the persons concerned indicate the procedure to be observed in the application for the entry or admission of imported goods and the particulars of which the customs administration shall require.

A

Goods Declaration

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6
Q

shall refer to the process of allowing the Lodgement and Filing of Goods Declaration or continuation of the customs clearance process involving the shipment, and subsequent release thereof to the owner, importer or consignee. This includes the reactivation of the Bureau’s automated system for the particular shipment or Goods Declaration from abandoned to active status.

A

Lifting

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7
Q

shall refer to the registration of a Goods Declaration with the Bureau.

A

Lodgement

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8
Q

shall refer to the label which is legibly, indelibly and permanently printed or attached, as the nature of the foreign goods or container will permit, showing the ultimate purchaser thereof in the Philippines, and the name of the country of origin of such goods, in the official language of the Philippines.

A

Mark

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9
Q

shall refer to goods liable to perish or goods that depreciate greatly in value while stored or which cannot be kept without great disproportionate expense, which may be proceeded to, advertised and sold at auction upon notice if deemed reasonable

A

Perishable Goods

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10
Q
A
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