TOPIC 17 – SURCHARGES (QUIZ)

A shipment of wooden logs had total duties, taxes and other charges of P888,000.00 as declared by the importer. However, the Liquidation and Billing Division found out the correct duties, taxes and other charges to be P1,250,000.00. If payment was made after 18 months, how much is the surcharge imposed under Sec. 1425?

• P90,500.00

• P36,200.00

• P588,250.00

• P517,660.00

A shipment was penalized for illegal withdrawal of imported goods from Customs Bonded Warehouse. The unpaid duties, taxes and other charges amounted to P420,000.00. If the payment was made after 3 years, how much is the surcharge imposed under Sec. 1422?

• P420,000.00

• P525,000.00

• P1,512,000.00

• P1,092,000.00

A shipment of 3 x 20’ vans STC: cement materials from Japan arrived at South Harbor. The BOC required the importer to submit a sales record for his importation. However, the importer failed to produce such record. How much is the surcharge imposed under Sec. 1402, if the customs duty was assessed at P110,550.00 subject to 3% duty rate?

• P1,105,500.00

• P1,138,884.00

• P737,000.00

• P3,316.50

A tourist travelling from Germany arrived at NAIA and failed to declare his baggage with assessed dutiable value of P78,100.00 subject to 5% duty rate. How much is the total payment to be made to BOC under Sec. 1404?

• P24,820.50

• P13,863.00

• P38,654.00

• P38,684.00

A shipment of bulk cargo from China arrived at MICP with total duties, taxes and other charges paid amounting to P1,160,000.00. But after one month from release of their shipment from Customs, a notice of deficiency was sent by BOC based on total duties, taxes and other charges of P1,420,000.00 as re-assessed. If said delinquency was settled 7 months after receipt of notice, how much is the total payment to be made by the importer under Sec. 1425?

• P320,320.00

• P26,000.00

• P286,000.00

• P65,000.00

A Chinese tourist arrived at NAIA failed to declare an article with assessed dutiable value of P50,750.00 subject to 5% duty rate. The said article had an excise tax of P10,150.00. How much is the surcharge imposed by BOC under Sec. 1404?

• P19,250.25

• P16,205.25

• P15,225.00

• P10,150.00

A shipment of plastic tubes from Vietnam arrived at Port of Cebu. The assessed total dutiable value amounted to P3,330,000.00 while the total dutiable value as declared in the entry was P2,900,000.00. The rate of duty is 30%. The value-added tax as found was P520,860.00. How much is the surcharge imposed by BOC under Sec. 1400?

• P3,309,450.00

• P1,323,780.00

• P3,799,650.00

• P1,519,860.00

A shipment of 10 units of brand new automobiles from Japan arrived at Port of Manila and was assessed with total dutiable value of P8,600,000.00 subject to 20% duty rate. The SAD indicated only 7 units of automobiles based on the submission of fraudulent invoice knowingly made. The total value-added tax as found was P1,330,650.00 whereas the total ad valorem tax as found was assessed at P750,000.00. How much is the surcharge/penalty imposed by BOC under Sec. 1400?

• P7,401,625.00

• P14,803,250.00

• P9,501,625.00

• P19,003,250.00

A shipment of 500 meters of steel wire from China was declared by the importer. However, the BOC found out that there are 700 meters of steel wire. The dutiable value was P875.00 per meter subject to 1% duty rate. The landed cost as found was P626,870.63. How much is the surcharge imposed by BOC under Sec. 1400?

• P203,373.70

• P198,998.70

• P159,198.96

• P162,698.96

A surcharge was imposed for misclassification of a shipment of 3 units of passenger van from Indonesia. The surcharge amounted to P5,374,718.00 based on the percentage of discrepancy of 25% under Sec. 1400. The rate of duty as found by BOC was 35%. How much was the total duties and taxes as found by BOC?

• P8,599,548.80

• P1,612,415.40

• P537,471.80

• P2,149,887.20