Front

The imposition of tariffs on imported products with hazardous materials falls under ________________.

Back

Protecting domestic consumers

Front

What type of quota limits the quantity or value of goods that can be exported from a country during a specific time period?

Back

Export Quota

Front

What type of quota allows a specified quantity of goods to be imported at a lower tariff rate, with a higher tariff rate applying to quantities above the specified quota?

Back

Tariff-rate Quota

Front

It is a limit on how much a specific good or type of good can be imported into the country in a certain time period.

Back

Import Quota

Front

The AHTN establishes uniformity of application in the classification of goods in global countries. Beyond the 6-digit AHTN level, countries like the Philippines assign further alpha-numeric codes to create national tariff lines, allowing for country-specific tariff classifications.

Back

Both statements are false.

Front

It is amount by which the normal value (price prevailing in the exporting country) exceeds the export price (the selling price to an importer in the Philippines).

Back

Price difference

Front

What section in the AHTN is the textiles and textile articles?

Back

Section 11

Front

All of these are the descriptions for concept of sale under Method 1: Transaction Value, except for: The buyer agrees to obtain certain goods., A commercial operation which involves a buyer and a seller., Goods imported on consignments., A compensation occurs as the transfer for that ownership and acquisition for those goods.

Back

Goods imported on consignments.

Front

The buyer and the seller shall be deemed to be related only if: Both of them are directly or indirectly controlled by a third person.

Back

Both of them are directly or indirectly controlled by a third person.

Front

The CAO 10-2016 outlines the rules and regulations for implementing customs administrative matters with the transaction value as the primary method for customs valuation. If in applying Method Three, more than one transaction value of similar goods is found, the highest of such value shall be used to determine the dutiable value of the imported goods. What is the truth about the statements regarding this?

Back

Both statements are false.