TARLAW Flashcards
(20 cards)
Offer of price undertaking shall be made only _______________of dumping and injury to the domestic industry has been reached.
A. After preliminary affirmative determination
B.After affirmative prima facie determination
C.After final affirmative determination
D After issuance of Department Order imposing definitive dumping duty
A. After preliminary affirmative determination
A company in Country X exports a product to Country Y under a preferential trade agreement. However, Country X classifies the product under a tariff category with a 5% duty, while Country Y classifies it under a different category with a 3% duty. Given the difference in tariff classification between the exporting and importing Member States, which tariff rate should be applied to the imported goods?
A) the goods shall be released at the MFN rates
B) at the higher preferential rate, subject to the compliance of the applicable ROO, subject to imposition of penalty or other charges
C) either A or B
D) None of the choices
A) the goods shall be released at the MFN rates
In cases of Compulsory Acquisition, the Bureau shall pay the importer the value of the goods equal to ___________________
A. Assessed customs value plus any duties paid
B. Declared customs value plus any duties paid
C. Assessed dutiable value plus duties and tax paid
D. Declared dutiable value plus duties and tax paid
B. Declared customs value plus any duties paid
Without shoulder straps under Heading 42.02? Heading 42.02 covers “Trunks, suit-cases, vanity-cases, executive-cases, brief-cases, school satchels, spectacle cases, binocular cases, camera cases, musical instrument cases, gun cases, holsters and similar containers; travelling-bags, insulated food or beverages bags, toilet bags, rucksacks, handbags, shopping-bags wallets, purses, map-cases, cigarette-cases, tobacco-pouches, tool bags, sports bags, bottle-cases, jewelry boxes, powder-boxes, cutlery cases and similar containers, of leather or of composition leather, of sheeting of plastics, of textile materials, of vulcanized fiber or of paperboard, or wholly or mainly covered with such materials or with paper”.
A. GIR 1
B. GIR 2a
C. GIR 4
D. GIR 1, 2a & 5b
B. GIR 2a
Who shall receive the original copies of the Tariff Commission’s Advance Ruling?
A) The Applicant and the BOC Commissioner.
B) The Applicant and the Secretary of Finance.
C) The Applicant, the BOC Commissioner, and the Secretary of Finance.
D) The Applicant, the BOC Commissioner, the Secretary of Finance, and the Customs officers. E) None of the choices
C) The Applicant, the BOC Commissioner, and the Secretary of Finance.
The Bureau of Customs (BOC) receives an Advance Ruling from the Commission regarding a tariff classification. After reviewing the ruling, the BOC determines that the ruling is potentially adverse to the government. What actions should the Bureau take in this matter?
A) The BOC must wait for the applicant to appeal the ruling before taking any action.
B) The BOC must elevate the ruling to the Secretary of Finance for review
C) The BOC must issue a public statement within five (5) days regarding the adverse ruling
D) None of the choices
B) The BOC must elevate the ruling to the Secretary of Finance for review
Under Section 1608 of the CMTA, in which one of the following situations is the President authorized to modify tariff?
a. When there is a need to cushion the effects of inflation
b. If the government is suffering from budget deficit
c. If the exports of the country are subjected to higher tariff in foreign countries
d. When congress is in recess
d. When congress is in recess
The chairman of the NEDA Board which approves the draft Executive Order for tariff modification is the:
a. President
b. NEDA Director General
c. Tariff Commission Chairman
d. Secretary of DOF
a. President
Which one of the following choices fall within the purview of section 1608 tariff modification?
a. A trader wishes to know the correct duty applicable to a product intended for importation
b.A producer wants to secure tariff protection for its product
c. The Philippines considers importation of medicines at preferential tariff
d. A domestic industry filled complaint against surge in importation of a product of foreign counterpart
b.A producer wants to secure tariff protection for its product
The IR of RA 8752, governing the investigation of an antidumping protest, which one of the following effects on price is referring to the extent at which the allegedly dumped product is consistently sold at a price below the domestic selling price of the like product?
a. Price suppression
b. Price depression
c. Price undercutting
d. Price undertaking
c. Price undercutting
At what instance can the BOC elevate case of issued advance tariff ruling to the DOF Secretary for review?
a.When the AHTN code is deemed incorrect
b. When deemed that the ruling is adverse to the government
c. When the article in the ruling is subject of a judicial case
d. When the product involved included in the list of prohibited importation
b. When deemed that the ruling is adverse to the government
As a WTO member, a country has its obligations to fulfil. One of which is its commitment not to increase a rate of duty beyond an agreed level. Identify which one of the choices below is being referred to.
a. Preferential tariff
b.MFN tariff
c. Applied tariff
d. Tariff binding
d. Tariff binding
The current rule on market access to agricultural products is limited to tariff only. Along with this rule, which one of the following choices is the correct interpretation of the term “tariffication”?
a. Converting tariffs into quantitative restriction measures
b. Gradual reduction/elimination of high tariffs
C. Periodical review of the tariff structure
d. All non-tariff measures are converted into tariffs
d. All non-tariff measures are converted into tariffs
Identify which of the following is a program under the ACTA wherein the rates on agricultural products under Chapters 01-08 of the Harmonized System (HS) are reduced as base rate at an accelerated rate of 0%
a. The Accelerated Reduction Program
b.The Early Harvest Program
c. The accelerated Liberalization Program
d. Early Voluntary Selective Liberalization
b.The Early Harvest Program
A product is eligible to avail the ATIGA concession rate if it satisfies the following, except for one. Which one among the following choices will make the product ineligible of the tariff concessions?
a. The product satisfied the ROO criterion of change in tariff classification wherein the final product’s tariff heading is different from the tariff heading of the non-originating materials used in its production.
b. The product was covered by a CO form “D”
c. The product is not listed under ATIGA Schedule H of the exporting Member State
d. The ATIGA rate of the product was 25% at the exporting Member State and 0% at the importing member state.
d. The ATIGA rate of the product was 25% at the exporting Member State and 0% at the importing member state.
Before the ACTA became effective, all parties to the Agreement have agreed that tariffs of agricultural products covered under chapters 01-08 of the HS must be set at this level
a.All at zero
b. All at 1%
c. Zero except CLMV
d. Zero for ASEAN-6 and china, 1% for CLMV
a.All at zero
Under the ROO, which one among of the following refers to a product occurring naturally within a country and to a good made entirely from said product?
a. Indigenous product
b. Product obtained from substantial transformation
c. Wholly obtained good
d. Goods obtained from the Chemical Reaction Rule
c. Wholly obtained good
Under Article 31 of the ASEAN Charter, the chairmanship of ASEAN is to be determined by this process
a. By majority votes among the leaders of the Member States
b. Rotated annually, based on the alphabetical order of the English names of Member States.
c. Through delegation of the current Chairman
d. To be appointed by the ASEAN Secretary-General
b. Rotated annually, based on the alphabetical order of the English names of Member States.
Under the ATIGA ROO, regarding the issuance and submission of CO form D, which one among the following statements is incorrect?
a. The triplicate copy of the CO is to be retained by the exporter
b. The original CO is forwarded by the exporter to the importer for submission to Customs
c. The duplicate copy of the CO is to be retained by the issuing authority
d. The triplicate copy of the CO is to be retained by the importer
d. The triplicate copy of the CO is to be retained by the importer
Under the AKFTA Agreement, the method of tariff rate reduction is categorized under two modes: Normal Track (NT) and Sensitive Track (ST). The ST was further divided into which one among the following lists?
a. Sensitive List and Exclusion List
b. Highly Sensitive List and Exclusion List
c. Sensitive List and Highly Sensitive List
d. Temporary Execution List and Sensitive List
c. Sensitive List and Highly Sensitive List
