TM416C Midterm Exam

What is a countervailing duty?

• A tax imposed on exported goods

• A duty imposed to offset subsidies given to foreign exporters

• A general tax on all imports

• A penalty for non-compliance with local laws

What is the role of the Tariff Commission in trade remedies?

• To monitor international trade agreements

• To conduct formal investigations and determine the imposition of duties

• To manage customs clearance processes

• To promote export trade policies

What is the maximum duration of a definitive countervailing duty?

• 1 year

• 5 years

• 3 years

• 10 years

It refers to the preliminary order issued by the Commissioner identifying the goods subject for Compulsory Acquisition.

• Notice of Compulsory Acquisition

• Warrant of Compulsory Acquisition

• Compulsory Acquisition

• Undervaluation

It refers to the decision of the Commissioner to acquire the goods subject for Compulsory Acquisition for a price equal to their declared customs value plus any duties already paid on the goods.

• Notice of Compulsory Acquisition

• Warrant of Compulsory Acquisition

• Compulsory Acquisition

• Undervaluation

What is the formula for calculating the dumping margin?

• Export Price − Normal Value / Normal Value × 100

• Normal Value − Export Price / Export Price × 100

• Normal Value − Export Price / Normal Value × 100

• Export Price − Normal Value / Export Price × 100

What is the purpose of a causality or causal link in an anti-dumping investigation?

• To demonstrate that the imported product is identical or similar to the domestic product

• To establish that the domestic industry is experiencing material injury

• To prove that the imported product is being sold at a dumped price

• To determine that the material injury suffered by the domestic industry is directly caused by the importation of the dumped product

Under the Anti-Dumping Act of 1999 and its Implementing Rules and Regulations, the Tariff Commission is mandated to conduct a formal investigation to determine the existence of dumping and material injury to the domestic industry. Once the Commission completes its investigation, its findings are transmitted to the Secretary of Trade and Industry (for non-agricultural products) or to the Secretary of Agriculture (for agricultural products). According to the rules, what is the specific role of the Secretary in relation to the formal anti-dumping investigation conducted by the Tariff Commission?

• The Secretary conducts the formal investigation and submits the final report to the Commission

• The Secretary receives the Commission's formal investigation report, and based on an affirmative finding, issues a Department Order imposing a definitive anti-dumping duty

• The Secretary only handles the preliminary investigation and has no role in the formal investigation

• The Secretary acts as an appeals body for decisions made by the Tariff Commission

What is the threshold for a "de minimis" margin of dumping?

• Less than two percent (2%) of the export price

• Less than or equal to two percent (2%) of the export price

• More than four percent (4%) of the import price

• More than four percent (4%) of the export price

Which Tariff Commission Order prescribes the internal rules and regulations governing the conduct of formal investigation by the Tariff Commission under Section 301 of the Tariff and Customs Code of the Philippines (Sec. 711, CMTA), as amended by Republic Act No. 8752?

• Tariff Commission Order No. 01-2000

• Tariff Commission Order No. 02-2000

• Tariff Commission Order No. 03-2000

• Tariff Commission Order No. 04-2000