CMTA Refunds, Drawback, and Abatement – Worksheet Extraction

In accordance with Section 900 of the CMTA, which of the following circumstances does not qualify for duty drawback?

• Importation of raw materials that were fully consumed in the manufacture of exported goods.

• Importation of finished goods re-exported without any local use.

• Importation of capital equipment used in the production of goods for export.

• Importation of packaging materials used exclusively for export shipments.

Under Sections 903 and 912 of the CMTA, which type of overpayment is not eligible for refund?

• Payment based on a clerical error in computation

• Payment made under valid protest later ruled in favor of the importer

• Payment made in imported goods but filed beyond the prescriptive period

• Payment ordered to be refunded through a final decision of a court

Based on Section 909 of the CMTA, what is the correct treatment if the importer abandons the defective goods after paying the assessed duties and taxes?

• The importer may request a full refund of the duties paid.

• The payment is forfeited and no refund shall be granted.

• The importer may request abatement for a 50% refund.

• The payment will be credited to future importations.

Which of the following offices has jurisdiction to approve refunds of duties and taxes under CAO 04-2019?

• District Collector

• Commissioner of Customs

• Secretary of Finance

• Court of Tax Appeals

What is the time limit to file for a refund under CAO 04-2019?

• 30 days from date of final payment

• 90 days from date of final payment

• 1 year from date of final payment

• 2 years from date of final payment

Which of the following best describes the definition of Abatement under CAO 4-2019?

• Complete waiver of customs duties and taxes

• Reduction or diminution of assessed duties and taxes

• Automatic duty and/or tax refund

• Exemption from payment of duties and taxes

A refund of duties and taxes based on a protest case must be filed after which of the following procedure?

• Administrative ruling

• Seizure of goods

• Final decision by the Commissioner

• Voluntary declaration

Destruction of goods without fault of the importer can be a ground for which form of refund?

• Duty enhancement

• Duty drawback

• Abatement of duties

• Compromise payment

Under the provisions of CMTA as implemented by CAO 4-2019, refunds of duties and taxes must be supported by which primary document/s?

• Sworn affidavits

• Proof of exportation

• Goods declaration

• Delivery receipt

Duty drawback applications must be submitted to which proper government agency?

• One Stop Shop Duty Drawback and Tax Refund Center

• Bureau of Internal Revenue

• Bureau of Customs

• Department of Finance