Volza 1st Intermediate quiz

What is the full form for HS Code ?

• Harmonized System Classification code

• Hardware System Classification code

• Homologated System Classification code

• Honest System Classification code

FOB means the cost of goods at the port of Destination

• True

• False

With Type 1 data - We only get the statistical data like the Value, Price, Product, description, HS code however we do not get any party details.

• True

• False

• We get the importer details

• We get the exporter details

Indian database in Volza is based on Custom data which is the most accurate data however when you talk about USA, USA data is based on Shipping Bill and Bill of Lading.

• True

• False

• It is also based on customs data

• It is based on CHA agent data

     CIF Value = (Cost + Insurance + Freight) + 1% Landing Charges + _________

• Load (If any)

• Assessable value

• Shipping Bill

• Bill of Lading

Final Landed value includes Applicable duty as prescribed by the government

• True

• False

Verify the statement : We don’t charge customers for shipments that are already downloaded and saved in a workspace, only when a client searches the data and downloads fresh shipments only then they are charged for downloading points

• True

• False

With respect to the download charges, if we download a shipment from Indian data , 1 point will be deducted for each shipment that we download

• True

• False

Workspaces cannot be permanently deleted and can be restored from the trash even after deletion.

• True

• False

Volza can be accessed anywhere in the world with the help of an internet connection and a username and password limiting the need of any excess hardware or software.

• True

• False