Compre reviewer Flashcards
(38 cards)
This is an act regulating the practice of customs brokers profession in the Philippines, creating for the purpose a professional regulatory board for customs brokers, and appropriating funds therefor.
a. REPUBLIC ACT NO. 9280
b. REPUBLIC ACT NO. 9830
c. REPUBLIC ACT NO. 9650
d. REPUBLIC ACT NO. 9082
a. REPUBLIC ACT NO. 9280
What is the composition of the Board pursuant to the Customs Brokers Act of 2004?
a. 1 chairman and 2 members
b. 1 chairman and 2 co-chairmen
c. 1 chairman and 3 members
d. 1 chairman and 3 co-chairmen
a. 1 chairman and 2 members
Who shall appoint the Chairman of the Board?
a. Professional Regulation Commission
b. President of the Philippines
c. Accredited Professional Organization
d. Secretary of Finance
b. President of the Philippines
When are imported goods deemed abandoned?
a. 30 calendar days from issuance of assessment notice
b. 15 calendar days from filing of goods declaration
c. 15 calendar days from issuance of assessment notice
d. 30 calendar days from filing of goods declaration
a. 30 calendar days from issuance of assessment notice
When shall the District Collector issue a Notice to submit clearance, licenses and other requirements to the owner, importer, consignee or interested party?
a. 5 calendar days upon assessment
b. 5 calendar days upon lodgement
c. 5 calendar days upon payment of duties and taxes
d. 5 calendar days upon filing of goods declaration
a. 5 calendar days upon assessment
This shall refer to the written or printed declaration or statement of facts, made voluntarily by the owner, importer, and consignee expressly abandoning the imported goods in favor of the government, executed by oath or affirmation and taken before an officer having authority to administer such oath.
a. Affidavit of Abandonment
b. Affidavit of Express Abandonment
c. Either a or b
d. Both a and b
a. Affidavit of Abandonment
When shall expressly abandoned goods deemed property of the government?
a. Upon filing by the owner, importer or consignee of the imported goods the Affidavit of Abandonment
b. Upon receipt by the District Collector the Affidavit of Abandonment
c. Upon issuance of the District Collector the Decree of Abandonment
d. Upon publication of the Decree of Abandonment in the Official Gazette
a. Upon filing by the owner, importer or consignee of the imported goods the Affidavit of Abandonment
Nestle Philippines filed an Affidavit of Abandonment with the District Collector of Port of Batangas stating that it is expressly abandoning its 10x40 shipment covered by Goods Declaration with reference No. 12567. When shall the District Collector issue a Decree of Abandonment?
a. Within 3 calendar days from the filing of the Affidavit of Abandonment
b. Within 6 calendar days from the filing of the Affidavit of Abandonment
c. Immediately after verification
d. The days after a 3-day verification of the District Collector
b. Within 6 calendar days from the filing of the Affidavit of Abandonment
When the owner of impliedly abandoned goods is entitled to the excess of the proceeds after deducting Section 114, where shall the proceeds go when the owner cannot receive the same?
a. It shall be transferred to the Forfeiture Fund
b. It shall be held by the Auction Cargo and Disposal Division for the account of the owner for a period of 30 calendar days from payment of the auction price
c. It shall be held by the District Collector for the account of the owner for a period of 30 calendar days from payment of the auction price
d. None of the above
b. It shall be held by the Auction Cargo and Disposal Division for the account of the owner for a period of 30 calendar days from payment of the auction price
This shall be executed by service contractors committing to safekeep the empty containers and retain physical custody of the same until further disposition of the Bureau.
a. Affidavit of Commitment
b. Affidavit of Compliance
c. Affidavit of Undertaking
d. Affidavit to Safekeep
c. Affidavit of Undertaking
Who shall be the chairman of Condemnation Committee?
a. Chief, Law Division
b. Chief, Auction and Cargo Disposal Division (ACDD)
c. Chief, Enforcement Security Service
d. Chief, Operations Division
b. Chief, Auction and Cargo Disposal Division (ACDD)
How much shall the Offeror be required to pay in a Negotiated Sale prior to the referral to the Secretary of Finance?
a. The offeror shall be required to post a surety deposit in an amount equivalent to 20% of the offer
b. The offeror shall be required to post a surety deposit in an amount equivalent to 80% of the offer
c. The offeror shall be required to pay a guarantee cash deposit in an amount equivalent to 20% of the offer
d. The offeror shall be required to pay a guarantee cash deposit in an amount equivalent to 80% of the offer
c. The offeror shall be required to pay a GUARANTEE cash deposit in an amount equivalent to 20% of the offer
ABC Trading imported 5 tons of Vietnamese Rice 5% Broken packed in 50kg bags. It was shipped to the Philippines from Vietnam by MV Audana which arrived at Port of Manila on November 28, 2024. The discharging of the goods was finished the next day at around 10:00 pm. The District Collector posted Notice to Lodge on November 30, 2024 and the Goods Declaration covering said goods was lodged on December 15, 2024. Are the subject goods impliedly abandoned?
a. No. The goods declaration was lodged within the prescribed period
b. No. The goods declaration was filed within the prescribed period
c. Yes. The goods declaration was not lodged within the prescribed period
d. Yes. The goods declaration was not filed within the prescribed period
c. Yes. The goods declaration was not LODGED within the prescribed period
When are imported goods deemed impliedly abandoned?
a. Upon expiration of the period to lodge
b. Upon expiration of the period to pay full duties and taxes
c. Upon expiration of the period to claim
d. All of the above
d. All of the above
When can an owner of abandoned goods recover the proceeds of the sale after deduction of any duty and tax and all other charges and expenses incurred as provided in Section 1143 of the CMTA?
a. When the goods are impliedly abandoned
b. When there was no offense discovered against the imported goods
c. When there was no offense discovered against the owner
d. All of the above
d. All of the above
Which among the following is not included in the duties and functions of the Committee on Negotiated Sale?
a. Conduct ocular inspection of the sale lot or items
b. Reject any or all offers or any part thereof
c. Consider offer/s most advantageous to the interest of the government
D. Recommended to tye sec of finance the acceptance of the offers most disadvantageous to the interest of the government
D. Recommended to tye sec of finance the acceptance of the offers most disadvantageous to the interest of the government
The following are civil remedies for the collection of import duties, taxes, fees, or charges. Which is not included?
a. Distraint of real property
b. Levy upon real property
c. Civil action
d. None of the above
a. Distraint of real property
In cases where clustering occurs, who shall be declared as the winner when no bids in the open-bidding were raised by 3% more than the new bid price?
a. The highest bid in the open-bidding
b. The highest sealed bid
c. The bidding shall be declared as failed bidding
d. None of the above
b. The highest sealed bid
In cases where clustering occurs, who shall be included in the open-bidding?
a. The bidder with the highest bid and those whose bid are within 10% of the highest bid
b. All the bidders who participated per item or the sale lot
c. All the bidders who attended the auction
d. None of the above
b. All the bidders who participated per item or the sale lot
This occurs when the difference between the highest and the second highest bid is within 10% of the highest bid.
a. Tie
b. Clustering
c. Open bidding
d. None of the above
b. Clustering
In Public Auction, what shall be done in case there is a tie for the highest bid?
a. Subject item or lot shall be subject to another auction through sealed bids among tied bidders
b. Subject item or lot shall be subject to another auction through sealed bids among all bidders
c. Subject item or lot shall be subject to another auction through open bidding among tied bidders
d. Subject item or lot shall be subject to another auction through open bidding among all bidders
a. Subject item or lot shall be subject to another auction through sealed bids among tied bidders
Where shall the Notice of Public Auction be posted?
a. At a conspicuous place in the customshouse where the goods are seized
b. At a conspicuous place in the customs House having jurisdiction over the goods
c. At a conspicuous place in the customs house where the goods are located
d. None of the above
c. At a conspicuous place in the customs house where the goods are located
For goods scheduled for Public Auction, when shall the viewing of lots be held?
a. at least 1 working day prior to the auction
b. at least 1 day after the notice of auction
c. at least 1 working day prior notice of auction
d. None of the above
a. at least 1 working day PRIOR to the auction
Which of the following cases may perishable goods subject of forfeiture proceedings be sold at public auction pending such proceeding?
a. Upon motion by the importer
b. Upon a motion of District Collector
c. Upon written order of the Commissioner
d. All of the above
a. Upon motion by the importer
