Penalties

Question 1

1st offense for light offense

Answer 1

Severe warning

Question 2

1st offense for grave offense

Answer 2

Suspension of 6 months or fine 100,000 php

Question 3

2nd offense for light offense

Answer 3

Suspension of 1 year

Question 4

2nd offense for grave offense

Answer 4

Fine 200,000 php

Question 5

3rd offense for light offense

Answer 5

Fine 300,000 php

Question 6

3rd offense for grave offense

Answer 6

Suspension or revocation of registration

Question 7

Light infractions

Answer 7

Suspension of customs accreditation of privileges for 1 month to 6 months

Question 8

Less grave infractions

Answer 8

Suspension of customs accreditation privileges for 6months and 1 day to 12 months

Question 9

What is Republic act # 8981

Answer 9

Known as the PRC Modernization act of 2000

Question 10

Professional regulation commission

Answer 10

Created by three man commission

Question 11

The chairperson and commission shall at least___ years of age holding valid COR and PIC.

Answer 11

40

Question 12

Implementing rules and regulation

Answer 12

Within 90 days AFTER the approval of this act

Question 13

Republic act #10863

Answer 13

Known as the customs modernization and tariff act

Question 14

Republic Act # 9280

Answer 14

Known as the Customs broker act of 2004

Question 15

Core values of CUSTOMS BROKER

Answer 15

• Competence
• Respect
• Integrity
• Justice
  *Fairness

Question 16

To build a customs brokerage how much is the minimum paid-up capital

Answer 16

1,000,000php before accredited by the BOC