TL DAY 1

Which one of the following choices fall within the purview of Section 1608 tariff modification?

• A domestic industry filed complaint against surge in importation of a product of foreign counterpart

• The Philippines considers importation of medicines at preferential tariff

•  A producer wants to secure tariff protection for its product

•          A trader wishes to knows the correct duty applicable to a product intended for importation

To avail of the reduced tariffs on parts and components under the MVDP, the car manufacturer must be registered with what government agency?

• Department of Transportation

• Board of Investments

• National Economic and Development Authority

• Tariff Commission

To which of the following government offices is the Tariff Commission an attached agency?

• National Economic and Development Authority

• The Board of Investment

• Department of Trade and Industry

• Department of Finance

The activities conducted by the Tariff Commission regarding investigation on industrys’ petition for tariff modification are the following except for one.

• Undertakes plant inspection

• Serves notices to parties of interest

• Does tax auditing on petitioner

• Conducts public hearings

In order for an importer to be sure on the proper classification of a commodity 3 months prior to his intended importation, what particular mandate of the Tariff Commission can he avail of?

• Promotion of foreign trade

• Advance ruling

• Safeguard

• Flexible Clause

When a bounty is given by a foreign country to its exporter, an affected domestic producer can avail of the provisions of which one of the following trade remedy measures?

• Countervailing and subsidy

• Special safeguard

• General Safeguard

• Antidumping

Under Section 1100, the tariff classification ruling issued by the Tariff Commission is binding with which one of the following government agencies?

• Department of Trade and Industry

• Department of Finance

• Bureau of Import Services

• Bureau of Customs

Which of the following choices is one of the information mentioned in the advance classification ruling?

• Value of the product

• The date of issue

• Whether the product is regulated

• Rules of Origin

Which of the following conditions is a requirement in the application for advance tariff classification ruling?

• The name of the vessel

• The applicable rule of origin

• The subject commodity is to arrive after 90 days

• Submission of contract of sale

Choose which one of the following is incorrect statement regarding the application for advance classification ruling

• Should be filed at least 90 days before the importation

• Shall cover only one product

• Shall be submitted in the prescribed form

• Should be notarized