CUSTOMS WAREHOUSES - 1

When the business of the port requires such facilities, the District Collector, subject to the approval of the Commissioner of Customs shall designate and establish warehouses for use as public and private bonded warehouses, yards, or for other special purposes. All such warehouses and premises shall be subject to the supervision of the Commissioner of Customs, who shall impose such conditions as may be deemed necessary for the protection of the revenue and of the goods stored therein.

• Both statements are correct.

• Both statements are incorrect.

• The first statement is correct but the second one is incorrect.

• The first statement is incorrect but the second one is correct.

Pursuant to Section 801, who shall pay an annual supervision fee for the establishment of a CBW or a CFW?

• warehouseman

• CBW officer

• operator of the bonded warehouse

• manager of the bonded warehouse

Manufacturing customs bonded warehouse maybe of the following types, except —

• miscellaneous customs bonded warehouse

• customs common bonded warehouse

• industry-specific bonded warehouse

• private bonded warehouse

Nonmanufacturing customs bonded warehouse include following, except-

• public bonded warehouse

• private bonded warehouse

• container yard

• industry specific bonded warehouse

Customs facilities and warehouses shall include, except-

• Container freight station

• Seaport warehouses

• Airport warehouses

• Public bonded warehouse

The Secretary of Finance may, upon the recommendation of the Commissioner of Customs, create or dissolve certain types of warehouses subject to consultation with the ____, and based on prevailing economic circumstances.

• customs brokers

• importers and exporters

• NEDA and the DTI

• port stakeholders

Application for the establishment of Customs Bonded Warehouse (CBW) and Customs Facilities and Warehouses (CFW) shall be filed with the ____ describing the premises, location, capacity and purpose thereof.

• District Collector where the Customs Bonded Warehouse and Customs Facilities and Warehouses is located

• District Collector of the port where majority of importation will be discharged

• Commissioner of Customs

• Commissioner of Customs thru the District Collector

Upon receipt of application for the establishment of Customs Bonded Warehouse (CBW) or Customs Facilities and Warehouses (CFW), the ___shall examine the premises of such proposed warehouse, particularly its location, construction and storage facilities.

• Chief, Warehouse Assessment Division

• District Collector

• Commissioner of Customs

• Customs Inspector

Under Section 804, who may authorize the establishment of customs warehouses, and accept the required security for its operation and maintenance?

• District Collector with the approval of the Commissioner of Customs

• Commissioner of Customs

• Commissioner of Customs upon approval of Secretary of Finance

• Secretary of Finance upon recommendation of the Commissioner of Customs

Pursuant to Section 804, who shall determine the amount of the annual supervision fee of a Customs Bonded Warehouse (CBW) or Customs Facilities and Warehouses (CFW)?

• District Collector

• Commissioner of Customs

• Secretary of Finance

• National Economic Development Authority