WorksheetsCSDP401 PRELIM QUIZ 1
Total questions: 15
Worksheet time: 45mins
What is the applicable procedure for shipment exceeding the FOB Value of Php50,000.00?
Informal entry process
Transshipment
Formal Entry Process
Warehousing
It refers to the customs procedure known under the RKC as temporary admission in which certain goods can be brought into a customs territory conditionally relieved, totally or partially, from payment of import duties and taxes; such goods must be imported for a specific purpose and must be intended for re-exportation within a specified period and without having undergone any substantial change except due to normal depreciation.
Admission
Conditional Importation
Re-exportation
Transshipment
Which of the following is not included in the contents of the Goods Declaration?
The name of the Consignee
Exporting vessel or aircraft
Port of departure
All of the choices are included
Which of the following is not included in the Contents of the Commercial Invoice?
The names of the buyer, seller, and the time and place of sale
The port of loading
The agreed price paid or to be paid for the goods
All of the choices
The prevailing rate of duty for laser pointer is 3%. An importer lodged a provisional goods declaration for 5,000 laser pointer and uses the 3% rate of duty. The concerned COO requested the posting of sufficient conditioned for the payment of additional customs duty if the rate of duty will increase upon completion of goods declaration within 45 days from the date of goods declaration lodgement. Is the COO correct?
Yes, because the applicable duty rate can only be determined when the goods declaration is complete.
No, as the rule is that the rate of duty shall be based on whichever is the lower duty rate.
No, because the duty rate for a provisional goods declaration should not be different from a complete declaration.
Yes, as the rate of duty should be based on the prevailing rate of duty at the time of completion of the goods declaration.
A lodged goods declaration may be amended. What is the limitation of this CMTA provision?
The request to amend must be received by the Bureau of Customs before the final assessment or examination of goods.
It must be done before duties and taxes become due and demandable.
It must be done before the examination of goods.
All of the choices
Which of the following conditions may not be imposed with regard to provisional goods declaration?
Acceptance of goods declaration is conditioned to submission of lacking documents or information necessary to make a complete declaration within 45 days from lodging of the provisional goods declaration. The 45 day period may be extended for valid reasons by the Bureau of Customs.
The customs duty rate applicable shall be based on the prevailing customs duty rate upon completion of the goods declaration.
Posting of security, if may be required equal to the duties and taxes that may be ascertained.
All of the choices are valid conditions
Goods declaration covered by one bill of lading over goods which are meant in part for consumption and in part for warehousing may be both entered simultaneously for release at the-
Port of destination
Port of entry
Port of arrival
Transit port
This document shall contain the names of the consignee, importing vessel or aircraft, port of departure, port of destination and date of arrival, the number and marks of packages, or the quantity, if in bulk, the nature and correct commodity description of the goods contained therein, its value as set forth in a proper invoice, and such other information as may be required by rules and regulations.
Import Entry
Bill of Lading
Commercial Invoice
Goods declaration
No entry of imported goods shall be allowed unless the-
goods has arrived in the Philippines
goods declaration has been lodged with the Bureau
goods has been discharged from the carrying vessel or aircraft
the carrying vessel or aircraft enters the jurisdiction of the Philippines
Under such terms and conditions prescribed under the rules and regulations, the description of the goods in the goods declaration must be sufficient and specific in detail to enable the goods to be identified for the following, except-
valuation purposes
statistical purposes
classification to the appropriate tariff heading and subheading
declaration purposes
Commercial invoice of imported goods shall contain the following-
the agreed price to be paid for the goods
the place of sale
the port of entry
All of the choices
This is a document with a quotation provided by a supplier prior to sale or shipment of an article, informing the buyer of the kinds and quantities of goods to be sent, their value and important specifications such as weight, size and similar characteristics.
Commercial Invoice
Proforma Invoice
Purchase Order
Catalog or brochure
They shall see to it that representative samples taken during examination shall be properly receipted for and retained within a reasonable period of time.
Customs Officers
Customs Examiners
Customs Officials
District Collectors
If not claimed by the owner, underwriter or salvor, derelicts and goods from abandoned wrecks shall be deemed as property of the-
importer
consignee
ship agent
government
