TL Day 9

The collegial body of the Tariff Commission is headed by which government official?

• Commissioner

• Director

• Chairman

• Manager

This government agency is tasked to conduct public hearings to afford parties of interest regarding petitions filed pursuant to the flexible clause provisions of the CMTA.

• NEDA

• Tariff Commission

• DTI

• DICT

The Chairman of the NEDA Board which approves the draft Executive Order for tariff modification is the:

• President

• Tariff Commission Chairman

• NEDA Director General

• Secretary of the Department of Finance

Which one of the following is a function of the Tariff Commission?

• Issuance of advance ruling on valuation

• Issuance of advance ruling on the rules of origin

• Determination of a prima facie case of antidumping

• Hearing of petitions regarding reduction of ad valorem duty

Petitions for tariff modifications that include tariff reduction and amendment to the nomenclature are covered by which one of the following TC mandates?

• Safeguards

• Antidumping

• Advance ruling

• Flexible clause

The 4 year tariff structure reflected in Section 1611 of the 2017 Tariff and Customs Code is a result of what program of the government?

• Tariff reform Program

• Comprehensive tariff program

• Tariff restructuring program

• Overall tariff review program

To qualify for the assistance, counselling and incentives envisioned in RA 8502, a jewelry enterprise must be duly registered with what government agency?

• NEDA

• Tariff Commission

• DTI

• BOI

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

• Department of Finance

• Department of Trade and Industry

• The Board of Investment

• NEDA

Under Section 1608 of the CMTA, in which one of the following situations is the President authorized to modify tariff?

• When there is a need to cushion the effects of inflation

• If the government is suffering from budget deficit

• If the exports of the country is subjected to higher tariff in foreign countries

• When Congress is in recess

This Section on Flexible Clause empowers the President the following except for one which is to:

• Reduce tariff

• Impose an across the board tariff of 20%

• Modify the nomenclature

• Ban imports