What is the role of the District Collector in establishing warehouses?

CM203 Q2

Quiz
•
Other
•
12th Grade
•
Medium
Crisvi Lazaro
Used 16+ times
FREE Resource
30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To collect taxes from warehouse operators
To approve all warehouse applications
To manage the operations of all warehouses
To designate and establish warehouses
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What must a manufacturer file for operating a bonded manufacturing warehouse?
Sufficient security for compliance
A business license
An environmental impact assessment
A tax exemption certificate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a type of Customs Bonded Warehouse?
International Bonded Warehouse
Customs Common Bonded Warehouse
Private Bonded Warehouse
Public Bonded Warehouse
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a Customs Bonded Warehouse?
To store goods for domestic sale
To store goods duty and tax-free
To manufacture goods for local markets
To provide storage for personal items
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is required for the establishment of a bonded warehouse according to Section 804?
A written application to the District Collector
A verbal agreement with the Commissioner
A public hearing
A financial audit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the maximum percentage of raw materials that can be withdrawn for domestic consumption from a MCBW?
20%
40%
10%
30%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which authority is responsible for the licensing of all Customs Bonded Warehouses?
The Secretary of Finance
The Bureau of Customs
The Department of Trade and Industry
The National Economic and Development Authority
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