Search Header Logo

TOPIC 17 – SURCHARGES (QUIZ)

Authored by CB Arnold Librado Tutorial

Education

University

Used 54+ times

TOPIC 17 – SURCHARGES (QUIZ)
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?