Compre part 2 Flashcards by Khen Emploma

Upon arrival of all the duty and tax-free goods which is subject of a Transit declaration to its final destination or point of exit, who shall tag in the system the arrival of the Transit Goods?
a. Deputy Collector of Customs for Assessment in the final destination or point of exit
b. Deputy Collector of Customs for Operations in the final destination or point of exit
c. Deputy Collector of Customs for Operations at the Port of discharge
d. Deputy Collector of Customs for Assessment at the Port of discharge

b. Deputy Collector of Customs for Operations in the final destination or point of exit

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How much is the security required before newly arrived imported goods be transferred from airport or seaport of entry to the Off-Dock/Main Bonded Warehouse?
a. Security in an amount equal to 100% of the ascertained duties
b. Security in an amount equal to 100% of the ascertained duties and taxes
c. Security in an amount equal to 100% of the ascertained duties and taxes and other charges
d. Sufficient security

c. Security in an amount equal to 100% of the ascertained duties and taxes and other charges

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What is the purpose of the security posted under CAO 11-2020?
a. To guarantee the sale of the imported goods
b. To guarantee the payment of duties, taxes and other charges
c. Either a or b
d. None of the above

c. Either a or b

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Anna, a Swiss traveler is departing from the Philippines. Before boarding her flight, she went to a duty-free store to buy pasalubong for her family. What is the limitation on the number of cigarettes that she may buy duty and tax-free?
a. Not exceeding 1 ream
b. Not exceeding 2 reams
c. Not exceeding 3 reams
d. No limits

d. No limits

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Who shall designate and establish customs warehouses for the storage of imported goods?
a. District Collector
b. District Collector, subject to the approval of the Commissioner
c. Commissioner of Customs, subject to the approval of Secretary of Finance
d. Secretary of Finance

b. District Collector, subject to the approval of the Commissioner

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X applied for the establishment of a Customs Warehouse located in Bauan, Batangas to the District Collector of Batangas for the purpose of storing, processing and selling of imported raw materials. Can the application of X prosper?
a. Yes, if X submitted all the required documents
b. Yes, if the warehouse complied with the standard needed
c. No, Customs Warehouse cannot be used for selling of imported raw materials
d. No, District Collector of Customs has no jurisdiction

c. No, Customs Warehouse cannot be used for selling of imported raw materials

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How may exemption from duties and taxes be granted to implements, machineries, spare parts and apparatus, supplies and tools used to construct, repair or operate any MCBW?
a. Upon presentation of a Certificate of Identification
b. Upon presentation of a Certificate of Qualification from BOI and/or the corresponding exemption from the DOF.
c. Upon presentation of a Certificate of Identification from BOI
d. Upon presentation of a Certificate of Qualification from BOI and/or the corresponding exemption from the BOC.

b. Upon presentation of a Certificate of Qualification from BOI and/or the corresponding exemption from the DOF.

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Which among the following is deemed abandoned?
a. Bonded Goods not withdrawn for manufacture within the prescribed period
b. Finished goods not exported within the prescribed period
c. Either a or b
d. Neither a nor b

c. Either a or b

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When shall the Warehouseman notify the CBW Operator to withdraw bonded goods either for manufacture and subsequent export or to export in case of finished goods to avoid abandonment?
a. 15 days prior the expiration of storage period
b. 30 days prior the expiration of storage period
c. 15 days after the expiration of storage period
d. 30 days after the expiration of storage period

b. 30 days prior the expiration of storage period

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CBW operator may opt to avail any of the following upon receipt of notice to withdraw bonded goods either for manufacture and subsequent export or to export in case of finished goods. Which is not included?
a. Payment duties and taxes due on the unmanufactured and un-exported goods, provided the same does not exceed the 30% limit allowed for local sales
b. Export the finished goods even after the storage period, upon written request and approval of the District Collector, subject to payment of penalty
c. Expressly abandon the Goods
d. Export the finished goods even after the storage period, upon written request and approval of the District Collector, subject to payment of surcharge

d. Export the finished goods even after the storage period, upon written request and approval of the District Collector, subject to payment of SURCHARGE

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When shall the Decree of Abandonment become Final and executory?
a. Upon issuance of the Decree of Abandonment
b. 15 days after issuance of the Decree of Abandonment
c. Upon posting of the Decree of Abandonment to official website of the Bureau
d. Upon publication to a Newspaper of national circulation

a. Upon issuance of the Decree of Abandonment

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How long may bonded goods remain in a CBW?
a. maximum period of 1 year from the arrival at the port of discharge
b. maximum period of 1 year from the time of arrival at the port
c. maximum period of 1 year from the time of arrival at the warehouse
d. maximum period of 1 year from the time of transfer to the warehouse

c. maximum period of 1 year from the time of arrival at the warehouse

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When may a CBW import finished goods?
a. No importation of finished goods for warehousing shall be allowed
b. When such goods are intended to be used as a component in the manufacture/production of another finished goods for export as approved by CBWC
c. When CBW will pay for duties and taxes
d. When such goods are intended for use in the maintenance of warehouse

b. When such goods are intended to be used as a component in the manufacture/production of another finished goods for export as approved by CBWC

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Which among the following may not be imported by CBW and use in manufacturing or production of finished goods for export?
a. thread
b. opium
c. computer chips
d. shoe lace

b. opium

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What is the allowed volume of withdrawals for Local Sales or Domestic Consumption?

a. not exceeding 30% of the total volume of bonded raw materials transferred to the CBW for the month
b. not exceeding 30% of the total volume of bonded raw materials transferred to the CBW for half a year
c. not exceeding 10% of the total volume of bonded raw materials sold to the CBW for the year
d. not exceeding 30% of the total volume of bonded raw materials transferred to the CBW for the year

d. not exceeding 30% of the total volume of bonded raw materials transferred to the CBW for the year

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X filed his application for the establishment of warehouse at the Port of Manila. Included in his submission is a Lease Contract of said warehouse which will end on December 31, 2025. On January 3, 2025, the application of X was approved and the corresponding Certificate of Authority to Operate was issued. What is the period of validity of said Authority to Operate?
a. 3 years from the date of approval of the application for establishment
b. When the Lease Contract ends
c. 3 years from the termination of Lease Contract
d. 2 years from the date of approval of the application for establishment

b. When the Lease Contract ends

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Upon completion of the processing done by the sub-contractor, what shall be done to the resulting wastages, if any?
a. The resulting wastages shall be condemned
b. The resulting wastages shall be abandoned
c. The resulting wastages shall be returned to the CBW or CCBW accredited member
d. The resulting wastages shall be returned to the Port of Discharge

c. The resulting wastages shall be returned to the CBW or CCBW accredited member

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Which of the following CBW is prohibited from importing fibers, yarns, fabrics and accessories for manufacture of garments?
a. MCBW
b. CCBW
c. PCBW
d. ICBW

d. ICBW

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Upon receipt of the application for issuance of Authority to Operate a CBW, where shall the District Collector refer the same to determine the completeness of the documents submitted in support of the application?
a. Warehousing Inspection Division
b. Warehousing Documentation and Records Division
c. Customs Bonded Warehouse Committee
d. Warehousing Assessment Division

b. Warehousing Documentation and Records Division

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This must specify in detail the usage of imported raw materials for producing the finished products, as well as the percentage of wastages and by-products and in what particular stage of wastages and by-products and in what particular stage of production they will be incurred.
a. Formula of Assembling
b. Formula of Processing
c. Formula of Production
d. Formula of Manufacture

d. Formula of Manufacture

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How much shall be the projected duties and taxes for bonded goods to be approved as a member of CCBW?
a. Not exceeding 300 million pesos
b. 300 million pesos
c. Not exceeding 30 million pesos
d. 30 million pesos

a. Not exceeding 300 million pesos

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Which among the following offices shall the WDRD need not secure clearance or Certificate of No Accountability?
a. Liquidation and Billing Division
b. Enforcement and Security Service
c. Legal Service
d. Customs Intelligence and Investigation Service

c. Legal Service

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Which among the following documents is not included in the documentary requirements when applying for transfer of membership from one CCBW to another?
a. Letter from the member manifesting its intent to transfer membership to another CCBW
b. Sworn Statement by the member that it has no outstanding obligation with its former CCBW
c. Written approval by the former CCBW to the transfer or reason for objecting
d. Acceptance Letter of the old CCBW and its assumption of all liabilities of the member

d. Acceptance Letter of the old CCBW and its assumption of all liabilities of the member

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To whom shall the TRANSFER of the REQUEST of membership be filed?
a. Chief, Operations Division
b. Chief, Operating Division
c. Chief, Assessment Division
d. Chief, Law Division

b. Chief, Operating Division

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To whom shall the application for accreditation of subcontractor be filed? a. Deputy Collector for Operation b. Chief, Operations Division c. District Collector d. Chief, Law Division

c. District Collector

Which among the following is not included in the requirements for accreditation of subcontractor? a. Service Agreement b. List of raw materials/finished goods to be subcontracted c. Indorsement from concerned agency, if for garments manufacturing d. Memorandum of Understanding

b. List of raw materials/finished goods to be subcontracted

Which among the following may not be accredited as Client End-User of an ICBW? a. CBW b. Free-Zone-registered enterprise c. Vessel not engaged in international trade d. Aircraft engaged in international trade

c. Vessel NOT engaged in international trade

What document is needed to show proof that a vessel is engaged in international trade? a. Certificate issued by Civil Aviation Authority of the Philippines (CAAP) b. Certificate issued by Maritime Industry Authority (MARINA) c. both a and b d. either a or b

b. Certificate issued by Maritime Industry Authority (MARINA)

Where shall the application of Renewal of Authority to Operate a CBW be filed? a. Collection District having jurisdiction over the CBW b. Commissioner of Customs c. Customs Bonded Warehouse Committee d. Customs Documentation and Records Division

a. Collection District having jurisdiction over the CBW

When shall the application for renewal of authority to operate a MCBW with 10 Client-Exporters be filed? a. within 120 days but not later than 91 days before the expiration of the Authority b. within 150 days but not later than 91 days before the expiration of the Authority c. within 120 days but not later than 91 days after the expiration of the Authority d. within 150 days but not later than 91 days after the expiration of the Authority

a. within 120 days but not later than 91 days before the expiration of the Authority

What document shall be submitted when upon application for renewal of authority to operate a CBW, no changes were made in the STATEMENT OF MONTHLY Raw Materials Importation Requirements? a. Affidavit of No Change b. Affidavit of No Change in Circumstances c. Affidavit of No Change in Raw Materials d. Affidavit of No Change in Manufacture

b. Affidavit of No Change in Circumstances

When may the District Collector reject an application to operate a CBW? a. When the application is attended with fraud b. When the application is attended with material misrepresentation c. When the application does not meet the regulatory requirements d. All of the above

d. All of the above

When may the applicant to operate a CBW who was rejected by the District Collector seek reconsideration? a. 15 days from receipt of the notice of rejection b. 15 days from issuance of the notice of rejection c. 15 days from filing of the Motion for Reconsideration d. 15 days from acceptance of the Motion for Reconsideration

a. 15 days from receipt of the notice of rejection

When the application to operate a CBW was rejected by the Commissioner, where shall the Motion for Reconsideration filed? a. Commissioner b. District Collector c. Commissioner through the Legal Service d. CBWC

c. Commissioner through the Legal Service

This shall be issued to the members of CCBW which shall be CONSPICUOUSLY displayed at all times at the CBW and its extension offices. a. Certificate of Accreditation b. Certificate of Authority to Operate c. Certificate of Membership d. Certificate of Authority

a. Certificate of Accreditation

The period of VALIDITY of the Certificate of Authority to Operate of CBW A was 2 years which was coterminous with the lease contract of their facilities. Before the end of the lease contract, it was renewed to another 2 years. What shall be done to amend the period of validity of the AUTHORITY TO OPERATE TO 5 YEARS? a. File request for amendment of Authority to Operate b. None, the original period will be automatically extended c. File request for amendment of validity of Authority to Operate d. Surrender the Original Authority to Operate

c. File request for amendment of validity of Authority to Operate

The CBW Operator shall notify the District Collector of any changes of the following circumstances together with the request for the amendment of the Certificate of Authority. Which is not included? a. Change of company name b. Change of the name of the street without actual change of physical location of the CBW c. Change of the name of the street with actual change of physical location of the CBW d. None of the above

c. Change of the name of the street WITH actual change of physical location of the CBW

CBW A changed its name to CBW B. When shall the Affidavit of Circumstance be submitted by the CBW Operator? a. within 5 days from the change of business name b. within 10 days from the change of business name c. within 15 days from the change of business name d. within 20 days from the change of business name

b. within 10 days from the change of business name

Who shall assign a WAREHOUSE number for all CBWs given an Authority to Operate? a. District Collector b. Commissioner of Customs c. Warehouse Coordinating Division d. Deputy Commissioner, AOCG

c. Warehouse Coordinating Division

What is the amount of the General Transportation and Surety Bond to be posted by CBW Operator? a. Php1,000,000.00 b. Equivalent duties and taxes of the CBW's three months importation c. Either a or b d. whichever is higher between a and b

d. whichever is higher between a and b

What is the purpose of posting of a General Warehousing Bond (GWB) by the CBW Operator? a. to guarantee the direct, immediate and faithful delivery of goods b. to guarantee the payment of duties and taxes in case the imported raw materials are not manufactured and exported within the prescribed period c. Either a or b d. Both a and b

b. to guarantee the payment of duties and taxes in case the imported raw materials are not manufactured and exported within the prescribed period

The following are customs officer assigned to supervise the operations of the warehouse. Who is not included? a. Account Officer b. Warehouseman c. Bookkeeper d. Customs Guard

c. Bookkeeper

Who shall be charged with the overtime pay of customs officer assigned in CBW? a. CBW Operator b. Bureau of Customs c. Both a and b d. Either a or b

a. CBW Operator

Which office shall design a uniform template for the books of accounts to be issued to each CBW Operator? a. Office of the District Collector b. Office of the Commissioner c. General Services Division d. Accounting Division

c. General Services Division

Which among the following documents shall be submitted annually to the Collection District by the CBWs? a. BOC Certificates of Accreditation as Importer and Exporter b. CTC of Mayor's permit c. Import and export Performance d. All of the above

d. All of the above

The District Collector shall notify the Commissioner through Deputy Commissioner, AOCG of the structural changes or additional facilities in the CBW. What is the purpose for such action? a. For review of the Commissioner b. For future reference c. To form part of the CBWs 201 File d. For record keeping of the Bureau

c. To form part of the CBWs 201 File

What is the condition for a CBW Operator to be allowed to apply for an extension warehouse? a. The extension warehouse is located within the jurisdiction outside of the Collection District that has supervision and control over the main warehouse b. The extension warehouse is located within the same jurisdiction of the Collection District that has supervision and control over the same warehouse c. The extension warehouse is located within the same jurisdiction of the Collection District that has supervision and control over the main warehouse d. None of these

c. The extension warehouse is located within the same jurisdiction of the Collection District that has supervision and control over the main warehouse

What is the condition for a member of a CCBW to be allowed to apply for an extension warehouse? a. The extension warehouse is located within the same jurisdiction of the Collection District that has supervision and control over the main warehouse of the accredited member b. The extension warehouse shall be used as an extension of its production or processing area only c. Either a or b d. Both a and b

d. Both a and b

What is the period of storage of goods transferred to extension warehouse for production? a. 1 month and extendible for another 1 month subject to approval by the District Collector b. 1 month and extendible for another 1 month subject to approval by the Commissioner c. 3 months and extendible for another 3 months subject to approval by the District Collector d. 3 months and extendible for another 3 months subject to approval by the Commissioner

a. 1 month and extendible for another 1 month subject to approval by the District Collector

Where shall the application for relocation of a CBW be filed? a. Collection District having jurisdiction over the area where the old warehouse is located b. Collection District having jurisdiction over the area where proposed new warehouse is located c. Either a or b d. Both a nor b

b. Collection District having jurisdiction over the area where proposed new warehouse is located

Who shall approve the application for relocation of a CBW to a different address but within the same Collection District? a. District Collector b. Commissioner of Customs c. Deputy Collector, AOCG d. None of these

b. Commissioner of Customs

What goods declaration shall be filed when goods to be entered through warehousing procedures are discharged at the Collection District which has jurisdiction over the destination CBW? a. TSAD b. WSAD c. ED-SAD d. SAD for Consumption

b. WSAD

The Pre-WSAD or the WSAD shall be submitted by the CBW Operator to the assigned Officer together with the shipping and commercial documents. What shall be the duty of the Account Officer? a. Check if the goods to be entered under the warehousing procedure are included in the LOI b. Check if the goods to be entered under the warehousing procedure are within the allowable limit based on the approved SMRMIR approved by the Bureau c. A only d. Both a and b

d. Both a and b

For CCBW, what shall be reflected in Box 49 of WSAD? a. Name of accredited CCBW member b. Name of mother CCBW c. CBW Number of the accredited member d. CBW Number of the mother CCBW

d. CBW Number of the mother CCBW

After the COO III checked the documents submitted in support of WSAD, what shall the COO III recommend if the goods are found to be not included in the list of importable materials? a. Recommend the cancellation of the Goods Declaration for Warehousing and require the Operator to file Goods Declaration for Consumption b. Recommend seizure of goods not included in the LOI c. Recommend the payment of duties and taxes of the goods not included in the LOI d. None of these

a. Recommend the cancellation of the Goods Declaration for Warehousing and require the Operator to file Goods Declaration for Consumption

This will trigger the automatic charging of the assessed duties and taxes to the bond's account of the CBW Operator in the ABMS a. Final Assessment of the WSAD b. Examination of the WSAD c. Assessment of the WSAD d. None of the above

a. Final Assessment of the WSAD

Where shall the assigned customs guard coordinate for the issuance of the Transfer Note to accompany the Goods for transfer from MICP to CBW? a. Airlines Operations Division b. Piers and Inspection Division c. Either a or b D. Both a and b

b. Piers and Inspection Division

What goods Declaration shall be filed when goods to be entered for warehousing are under the JURISDICTION Of ANOTHER COLLECTION DISTRICT? a. WSAD b. TSAD c. ED-SAD d. None of these

b. TSAD

Where shall the TSAD together with other documentary requirements be filed? a. Office of the Deputy Collector for Operations at the Collection District where the CBW is located b. Office of the Deputy Collector for Operations at the Collection District where the goods where discharged c. Office of the District Collector at the Collection District where the CBW is located d. Office of the District Collector at the Collection District where the goods where discharged

b. Office of the Deputy Collector for Operations at the Collection District where the goods where discharged

After the goods for warehousing was transferred from the Port of Discharge to the CBW under jurisdiction of another Collection District, when shall the Corresponding WSAD be filed? a. 5 days from the date of transfer of the goods to CBW b. 10 days from the date of transfer of the goods to CBW c. 15 days from the date of transfer of the goods to CBW d. 25 days from the date of transfer of the goods to CBW

a. 5 days from the date of transfer of the goods to CBW

What document shall be filed with the assigned warehouseman which shall COVER RAW MATERIALS withdrawn for transfer to another CBW for production? a. WSAD b. TSAD c. Boatnote d. Requisition Slip

d. Requisition Slip

What document shall be accomplished by warehouseman which CONTAIN THE DESCRIPTION of the materials to be transferred, the quantity and Requisition Slip numbers? a. Boatnote b. Withdrawal Form c. TSAD d. Requisition Slip

b. Withdrawal Form

What Goods Declaration shall be filed by an accredited member of a CCBW who intends to sell his SEMI-FINISHED/FINISHED PRODUCT to another accredited member of the same CCBW prior to the actual transfer of the goods? a. Goods Declaration for Warehousing b. Goods Declaration for Transit c. Goods Declaration for Constructive Export D. Constructive warehouse goods declaration

c. Goods Declaration for Constructive Export

When may the importer submit the complete documents required for the liquidation of WSAD? a. 60 days from the date of complete and full exportation b. 30 days from the expiration of storage period c. A only d. Either a or b

d. Either a or b

This is a report on the RECONCILIATION of raw materials and the documentary requirements to Liquidate Warehousing Entries. a. FOM b. SOL c. WSAD d. TSAD

b. SOL

Compre part 2 Flashcards

(67 cards)