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WorksheetsCSTMS WRHSNG
Total questions: 63
Worksheet time: 32mins
HOW MUCH SHOULD BE THE PENALTY FOR LATE EXPORTATION IF 1-30 DAYS FROM EXPIRATION OF THE STORAGE PERIOD?
P10,000.00 PER ENTRY
P20,000.00 PER ENTRY
P30,000.00 PER ENTRY
DEEMED ABANDONED
HOW MUCH SHOULD BE THE PENALTY FOR LATE EXPORTATION IF 31-45 DAYS FROM EXPIRATION OF THE STORAGE PERIOD?
P10,000.00 PER ENTRY
P20,000.00 PER ENTRY
P30,000.00 PER ENTRY
DEEMED ABANDONED
HOW MUCH SHOULD BE THE PENALTY FOR LATE EXPORTATION IF BEYOND 45 DAYS FROM EXPIRATION OF THE STORAGE PERIOD?
P10,000.00 PER ENTRY
P20,000.00 PER ENTRY
P30,000.00 PER ENTRY
DEEMED ABANDONED
PEDRO, A CBW OPERATOR HAS CHANGED THE STRUCTURAL DESIGN OF HIS CBW WITHOUT THE KNOWLEDGE OF THE BUREAU. HE WAS CHARGED BY THE BUREAU AS IT WAS AN UNLAWFUL VIOLATION UNDER CAO 01-2022. SINCE THIS IS THE FIRST OFFENSE OF PEDRO, WHAT WILL BE THE PENALTY TO BE IMPOSED TO THE CBW OPERATOR?
SUSPENSION OF WAREHOUSING PRIVILEGES FOR 6 MONTHS
SUSPENSION OF WAREHOUSING PRIVILEGES FOR 3 MONTHS
REVOCATION OF AUTHORITY TO OPERATE
CLOSURE OF CBW
PEDRO, A CBW OPERATOR HAS CHANGED THE STRUCTURAL DESIGN OF HIS CBW WITHOUT THE KNOWLEDGE OF THE BUREAU. HE WAS CHARGED BY THE BUREAU AS IT WAS AN UNLAWFUL VIOLATION UNDER CAO 01-2022. SINCE THIS IS THE SECOND OFFENSE OF PEDRO, WHAT WILL BE THE PENALTY TO BE IMPOSED TO THE CBW OPERATOR?
SUSPENSION OF WAREHOUSING PRIVILEGES FOR 6 MONTHS
SUSPENSION OF WAREHOUSING PRIVILEGES FOR 3 MONTHS
REVOCATION OF AUTHORITY TO OPERATE
CLOSURE OF CBW
WHICH OF THE FOLLOWING SHALL BE THE PENALTY TO BE IMPOSED FOR A CBW OPERATOR WHO HAS AN UNAUTHORIZED RELOCATION OF CBW?
SUSPENSION OF WAREHOUSING PRIVILEGES FOR 6 MONTHS
SUSPENSION OF WAREHOUSING PRIVILEGES FOR 3 MONTHS
REVOCATION OF AUTHORITY TO OPERATE
CLOSURE OF CBW
WHAT WOULD BE THE PENALTY FOR THE UNAUTHORIZED WITHDRAWAL OR TRANSFER OF GOODS TO ANOTHER CBW OR FREE ZONE FOR THE FIRST OFFENDER?
SURCHARGE OF 50% DTOC DUE AND UNPAID
SURCHARGE OF 50% DTOC DUE AND UNPAID AND SUSPENSION OF WAREHOUSING PRIVILEGES FOR 6 MONTHS
SURCHARGE OF 50% DTOC DUE AND UNPAID AND CLOSURE OF CBW
CLOSURE OF CBW
WHAT WOULD BE THE PENALTY FOR THE UNAUTHORIZED WITHDRAWAL OR TRANSFER OF GOODS TO ANOTHER CBW OR FREE ZONE FOR THE SECOND OFFENSE?
SURCHARGE OF 50% DTOC DUE AND UNPAID
SURCHARGE OF 50% DTOC DUE AND UNPAID & SUSPENSION OF WAREHOUSING PRIVILEGES FOR 6 MONTHS
SURCHARGE OF 50% DTOC DUE AND UNPAID AND CLOSURE OF CBW
CLOSURE OF CBW
WHAT WOULD BE THE PENALTY FOR THE UNAUTHORIZED WITHDRAWAL OR TRANSFER OF GOODS TO ANOTHER CBW OR FREE ZONE FOR THE THIRD OFFENSE?
SURCHARGE OF 50% DTOC DUE AND UNPAID
SURCHARGE OF 50% DTOC DUE AND UNPAID AND SUSPENSION OF WAREHOUSING PRIVILEGES FOR 6 MONTHS
SURCHARGE OF 50% DTOC DUE AND UNPAID AND CLOSURE OF CBW
CLOSURE OF CBW
WHAT WOULD BE THE PENALTY FOR THE UNAUTHORIZED WITHDRAWAL OR TRANSFER OF GOODS TO ANOTHER CBW OR FREE ZONE IF IT IS ATTENDED WITH FRAUD EVEN IF IT IS THIER FIRST OFFENSE?
SURCHARGE OF 50% DTOC DUE AND UNPAID
SURCHARGE OF 50% DTOC DUE AND UNPAID AND SUSPENSION OF WAREHOUSING PRIVILEGES FOR 6 MONTHS
SURCHARGE OF 50% DTOC DUE AND UNPAID AND CLOSURE OF CBW
CLOSURE OF CBW
WHAT IS THE PENALTY FOR DIVERSION OF BONDED WAREHOUSE?
REVOCATION OF AUTHORITY TO OPERATE
SUSPENSION OF WAREHOUSE PRIVILEGE FOR 6 MONTHS
CLOSURE OF CBW
NONE OF THE CHOICES
HOW MUCH IS THE ANNUAL SUPERVISION FEE FOR A CUSTOMS COMMON BONDED WAREHOUSE (CCBW)?
P250,000.00
P150,000.00
P100,000.00
P50,000.00
HOW MUCH IS THE ANNUAL SUPERVISION FEE FOR A EVERY MEMBER OF CUSTOMS COMMON BONDED WAREHOUSE (CCBW)?
P250,000.00
P150,000.00
P100,000.00
P50,000.00
HOW MUCH IS THE ANNUAL SUPERVISION FEE FOR EVERY EXTENSION WAREHOUSES OF A CCBW?
P250,000.00
P150,000.00
P100,000.00
P50,000.00
HOW MUCH IS THE ANNUAL SUPERVISION FEE FOR INDUSTRY SPECIFIC CUSTOMS BONDED WAREHOUSE SERVICING AIRLINE INDUSTRY?
P250,000.00
P150,000.00
P100,000.00
P50,000.00
HOW MUCH IS THE ANNUAL SUPERVISION FEE FOR INDUSTRY SPECIFIC CUSTOMS BONDED WAREHOUSE INCLUDING AIRLINE CATERING?
P150,000.00
P150,000.00
P100,000.00
P50,000.00
IF THE TOTAL ASSETS OF A MISCELLANEOUS AND GARMENTS MANUFACTURING CUSTOMS BONDED WAREHOUSE (MCBW) IS 5 MILLION PESOS BELOW, INCLUDING THE REAL ESTATE, HOW MUCH SHOULD BE THEIR ANNUAL SUPERVISION FEE?
P250,000.00
P150,000.00
P100,000.00
P50,000.00
IF THE TOTAL ASSETS OF A MISCELLANEOUS AND GARMENTS MANUFACTURING CUSTOMS BONDED WAREHOUSE (MCBW) IS 5 MILLION BUT NOT MORE THAN 50 MILLION PESOS, INCLUDING THE REAL ESTATE, HOW MUCH SHOULD BE THEIR ANNUAL SUPERVISION FEE?
P250,000.00
P150,000.00
P100,000.00
P50,000.00
IF THE TOTAL ASSETS OF A MISCELLANEOUS AND GARMENTS MANUFACTURING CUSTOMS BONDED WAREHOUSE (MCBW) IS MORE THAN 50 MILLION PESOS, INCLUDING THE REAL ESTATE, HOW MUCH SHOULD BE THEIR ANNUAL SUPERVISION FEE?
P250,000.00
P150,000.00
P100,000.00
P50,000.00
WHO MAY ORDER THE AUDIT AND INSPECTION OF CBW'S?
COMMISIONER
DISTRICT COLLECTOR
CBW OPERATOR
COMMISIONER UPON RECOMMENDATION OF THE DISTRICT COLLECTOR
THE WAREHOUSE MONITORING AND AUDIT UNIT AND PCAG SHALL AUDIT AND INSPECT THE CBW ON THE FOLLOWING GROUNDS, EXCEPT.
IF REFERRED BY THE DISTRICT COLLECTOR
AS A PRE-PREQUISITE FOR RENEWAL OF CBW
VOLUNTARY CLOSURE
IF THERE IS AN INFORMATION FROM CUSTOMS COMMON BONDED WAREHOUSE COMMITTEE
UPON INSPECTION OF THE CBW AND BONDED GOODS, WHAT WILL THE DISTRICT COLLECTOR ISSUE TO ALLOW AN AUTHORIZED REPRESENTATIVE TO CONDUCT INSPECTION?
MISSION ORDER (MO)
DEPUTIZATION ORDER (DO)
DELEGATION ORDER (DEO)
LETTER OF AUTHORITY (LOA)
UPON APPROVAL OF THE DISTRICT COLLECTOR TO THE CLOSURE OF A CBW, THE DC SHALL INFORM THE COMMISSIONER IN WRITING WITHIN HOW MANY DAYS?
10 WORKING DAYS
10 DAYS
15 WORKING DAYS
15 DAYS
A CBW OPERATOR WHO IS AGGRIEVED BY THE DECISION OF THE DISTRICT COLLECTOR UPON CLOSURE OF HIS CBW MAY APPEAL TO THE COMMISSIONER WITHIN HOW MANY DAYS?
30 WORKING DAYS FROM RECEIPT OF DECISION OF THE DISTRICT COLLECTOR
30 DAYS FROM RECEIPT OF DECISION OF THE DISTRICT COLLECTOR
15 WORKING DAYS FROM RECEIPT OF DECISION OF THE DISTRICT COLLECTOR
15 DAYS FROM RECEIPT OF DECISION OF THE DISTRICT COLLECTOR
THE BUREAU SHALL INITIATE SUSPENSION OR CLOSURE PROCEEDING AGAINST ANY CBW IN THE FOLLOWING INSTANCES, EXCEPT:
A CBW HAS NO IMPORTATION FOR A CONTINUOUS PERIOD OF 1 YEAR
FAILURE TO FILE APPLICATION FOR RENEWAL
UNAUTHORIZED RELOCATION
A CBW HAS NO LEGAL WITHDRAWAL OF IMPORTED GOODS FOR A CONTINUOUS PERIOD OF 6 MONTHS
A CBW OPERATOR SHALL BE JOINTLY AND SEVERLY LIABLE WITH ITS ACCREDITED MEMBERS AND/OR SUB-CONTRACTOR FOR ANY VIOLATION COMMITTED.
THE STATEMENT IS TRUE
THE STATEMENT IS FALSE
THE STATEMENT FALSE BECAUSE AN ACCREDITED MEMBERS/ SUBCONTRACTORS ARE INDEPENDENT WAREHOUSES
THE STATEMENT IS FALSE BECAUSE A CBW OPERATOR IS NOT LIABLE WITH ITS ACCREDITED MEMBERS/ SUBCONTRACTORS
WHO IS RESPONSIBLE TO PROVIDE THE NECESSARY OFFICE SPACE, EQUIPMENT AND SUPPLIES TO CUSTOMS PERSONNEL ASSIGNED IN THE CBW?
WAREHOUSE MANAGEMENT AND PROCUREMENT DIVISION
WAREHOUSE MONITORING DIVISION
CUSTOMS COMMON BONDED WAREHOUSE COMMITTEE
CBW OPERATOR
THE COMMISSIONER, SUBJECT FOR APPROVAL TO SECRETARY OF FINANCE, SHALL ESTABLISHED A REASONABLE STORAGE PERIOD LIMIT BEYOND 1 YEAR FOR PARTICULAR BONDED GOODS FOR MANUFACTURING INTENDED FOR EXPORT AND SHALL CONSULT THIS MATTER TO WHOM?
NEDA
SECREATRY OF TRADE AND INDUSTRY
DISTRICT COLLECTOR
BIR
BONDED RAW MATERIALS WITHDRAWN WITHIN PRESCRIBED STORAGE PERIOD SHALL BE MANUFACTURED AND EXPORTED WITHIN 1 YEAR FROM ARRIVAL AT CBW. WHAT WILL HAPPEN IF IT WILL NOT WITHDRAWN?
SUBJECT GOODS SHALL BE DEEMED ABANDONED
THE CBW OPERATOR MAY REQUEST FOR AN EXTENSION OF 1 YEAR
GOODS SHALL BE SUBJECT TO PAYMENT OF DUTIES, TAXES AND OTHER CHARGES
GOODS SHALL BE TREATED AS NORMAL IMPORTATION
GOODS WITHDRAWN FOR MANUFACTURE WITHIN THE PERIOD OF 1 YEAR BUT NOT EXPORTED, A CBW OPERATOR MAY REQUEST FOR EXPORTATION SUBJECT TO THE FOLLOWING CONDITIONS:
(a) IMPOSITION OF PENALTIES FOR LATE RE-EXPORTATION
(b) IMPOSITION OF PAYMENT OF DUTIES AND TAXES DUE ON THE BONDED GOODS
NEITHER A NOR B
EITHER A AND B
WHAT IS THE MAXIMUM PERIOD OF STORAGE FOR PERISHABLE GOODS IN THE CBW?
3 MONTHS
3 MONTHS EXTENDIBLE FOR 3 MONTHS
6 MONTHS
6 MONTHS EXTENDIBLE FOR 6 MONTHS
PRIOR TO THE LAPSE OF THE PRESCRIBED STORAGE PERIOD, THE BUREAU SHALL NOTIFY THE CBW OPERATOR TO?
(a) WITHDRAW THE BONDED GOODS FOR PRODUCTION OR RE-EXPORT
(b) PAY ASSESSED DUTIES AND TAXES DUE
EITHER A OR B
BOTH A AND B
WHO SHALL CAUSED THE CANCELLATION OF BONDS FILES FOR THE BONDED GOODS?
DISTRICT COLLECTOR
COMMISSIONER
CBW OPERATOR
BONDS DIVISION
IT SHALL BE ESTABLISHED FOR WASTAGES, REJECTS, AND BY-PRODUCTS.
WASTAGE VALUATION DATABASE
WASTAGE DATABASE VALUATION
WASTAGE AND BY-PRODUCTS SYSTEM
WASTAGE VALUATION SYSTEM
IT SHALL BE ADOPTED AND UTILIZED TO EFFECTIVELY MONITOR LIQUIDATION OF RAW MATERIALS USED IN MANUFACTURE OF IMPORTED GOODS AND WASTAGES
RAW MATERIALS LIQUIDATION AND MONITORING SYSTEM
RAW MATERIALS LIQUIDATION SYSTEM
LIQUIDATION AND MONITORING RAW MATERIAL SYSTEM
LIQUIDATION OF RAW MATERIALS SYSTEM
WHO SHALL CAUSE THE LIQUIDATION OF THE GOODS DECLARATION FOR WAREHOUSING AND CANCELLATION OF THE BONDS RELATED TO THE FINISHED PRODUCTS?
COMMISSIONER
DISTRICT COLLECTOR
CUSTOMS COMMON BONDED WAREHOUSE COMMITTEE
CBW OPERATOR
WHO SHALL LODGE AN EXPORT DECLARATION FOR FINISHED PRODUCTS WHICH ARE MANUFACTURED IN CBW'S WITHIN THE PRESCRIBED PERIOD?
LICENSED CUSTOMS BROKER
DECLARANT
CBW OPERATOR
IMPORTER
ALL GOODS FOR EXPORT BY THE CBW SHALL BE STUFFED ONLY
I. UPON EXAMINATION BY THE EXAMINER FROM WAREHOUSE ASSESSMENT DIVISION (WAD)
II. OR EQUIVALENT UNIT WHO SHALL ISSUE THE CERTIFICATE OF IDENTIFICATION (CI)
ONLY I IS CORRECT
ONLY II IS CORRECT
BOTH I AND II IS CORRECT
NEITHER I NOR II IS CORRECT
A WAREHOUSMAN SHALL NOTIFY THE DISTRICT COLLECTOR IN ADVANCE BEFORE ANY ACTUAL STUFFING INTO THE CONTAINER SHALL BE MADE
THE STATEMENT IS CORRECT
THE STATEMENT IF FALSE, BECAUSE IT IS THE ASSIGNED CUSTOMS PERSONNEL IN THE CBW SHALL BE NOTIFIED
THE STATEMENT IS FALSE
THE STATEMENT IS FALSE BECAUSE IT SHOULD BE THE COO III WHOM THE CBW OPERATOR NOTIFIED BEFORE ANY ACTUAL STUFFING IN THE CONTAINER SHALL BE MADE
DOES THE BUREAU ALLOWED THE LODGEMENT OF PROVISIONAL GOODS DECLARATION FOR GOODS ENTERED UNDER WAREHOUSING?
YES, IN ACCORDANCE WITH RULES AND REGULATIONS ON FILING THE PGD
NO, GOODS ENTERED IN WAREHOUSING SHOULD BE FILED ON NORMAL LODGEMENT OF GOODS DECLARATION
NO
YES
ALL GOODS TRANSFER TO CCBW'S MUST FIRST PASS THROUGH THE CCBW OPERATOR FOR RECORDING AND STOCK INVENTORY PURPOSES. ON WHAT GROUND THAT IT COULD ALSO BE ALLOWED TO DIRECT TRANSFER TO THE WAREHOUSE OF ACCREDITED MEMBERS OF THE CCBW?
UPON WRITING THE COMMISSIONER OF CUSTOMS
UPON WRITING THE DISTRICT COLLECTOR
IF IT IS ALLOWED BY THE DISTRICT COLLECTOR
IF IT IS ALLOWED BY THE COMMISSIONER
ALL GOODS FOR TRANSFER TO CBW'S SHALL BE SUBJECT TO MANDATORY NON-INTRUSIVE INSPECTIONVAT THE PORT OF DISCHARGE WHETHER COVERED BY GOODS DECLARATION FOR WAREHOUSING OR FOR TRANSIT, UNLESS
(A) THE GOODS IS PLACED UNDER ALERT ORDER
(B) GOODS IS SELECTED FOR PHYSICAL EXAM
EITHER A OR B
NEITHER A NOR B
THE DISTRICT COLLECTOR SHALL ALLOW THE IMMEDIATE TRANSFER OF BONDED GOODS TO THE CBW ONLY IF?
THE GOODS ARE PERISHABLE
UPON MANDATE OF DISTRICT COLLECTOR
IF THE EXAMINATION SHALL BE CONDUCTED IN THAT CBW
IF THERE IS NO NEED FOR A NON-INTRUSIVE EXAMINATION
WHAT SHALL BE IMPLEMENTED BY THE BUREAU FOR CONTAINERIZED GOODS TRANSFER TO CUSTOMS BONDED WAREHOUSE?
AUTOMATED TRACKING SYSTEM
AUTOMATED CONTAINER TRACKING SYSTEM
GPS FOR CONTAINERIZED CARGO
CONTAINERIZED TRACKING SYSTEM
INCASE THE GOODS ARE DISCHARGED FROM OTHER PORTS OF ENTRY, THE CBW OPERATOR SHOULD FILE THE GOODS DECLARATION FOR WAREHOUSING WITHIN HOW MANY DAYS?
30 DAYS
5 DAYS
10 DAYS
15 DAYS
IT SHALL BE FILED FOR THE TRANSFER OF GOODS FROM PORT OF DISCHARGE
TO THE PORT OF ENTRY
GOODS DECLARATION FOR WAREHOUSING
GOODS DECLARATION FOR TRANSIT
GOODS DECLARATION FOR TRANSSHIPMENT
PROVISIONAL GOODS DECLARATION
IT SHALL BE FILED AT THE PORT WHERE THE GOODS FOR WAREHOUSING ARE DISCHARGE
GOODS DECLARATION FOR WAREHOUSING
GOODS DECLARATION FOR TRANSIT
GOODS DECLARATION FOR CONSUMPTION
PROVISIONAL GOODS TRANSSHIPMENT
AN APPLICANT WHOSE APPLICATION TO ESTABLISH OR RENEW A CBW WAS DENIED BY THE COMMISSIONER MAY FILE A MOTION FOR RECONSIDERATION ON THE DENIAL WITH THE COMMISSIONER WITHIN HOW MANY DAYS?
20 DAYS
15 DAYS
10 DAYS
30 DAYS
AN APPLICANT WHOSE APPLICATION TO ESTABLISH OR RENEW A CBW WAS DENIED BY THE COMMISSIONER MAY FILE A MOTION FOR RECONSIDERATION ON THE DENIAL WITH THE COMMISSIONER. A COPY OF SUCH SHALL BE FURNISH TO WHOM?
DISTRICT COLLECTOR AND DOJ SECRETARY
CUSTOMS BONDED WAREHOUSE (CBWC)
DISTRICT COLLECTOR AND NEDA
DISTRICT COLLECTOR AND CBWC
WHAT IS THE MINIMUM AND MAXIMUM NUMBERS OF MEMBERS A CUSTOMS COMMON BONDED WAREHOUSE MUST HAVE?
ATLEAST 5 BUT NOT MORE THAN 20 MEMBERS
ATLEAST 2 BUT NOT MORE THAN 30 MEMBERS
ATLEAST 3 BUT NOT MORE THAN 30 MEMBERS
ATLEAST 4 BUT NOT MORE THAN 20 MEMBERS
A COMPANY OF MR. BEN AND BEN IS CURRENLTY PROJECTING AT LEAST P200,500,000.00 OF DUTIES AND TAXES FOR BONDED GOODS ANNUALLY. WILL MR BEN AND BEN ABLE TO APPLY AS A MEMBER OF A CCBW?
YES, BECAUSE ANYONE CAN APPLY AS A MEMBER OF CCBW FOR AS LONG AS IT CAN PAY AN ANNUAL SUPERVISION FEE OF P250,000.000
NO, BECAUSE THE PROJECTING DUTIES AND TAXES OF MR BEN AND BEN IS MORE THAN P200,000,000.00
YES, BECAUSE THE PROJECTING DUTIES AND TAXES OF MR. BEN AND BEN DIDNT EXCEED THE REQUIRED AMOUNT
NO, BECAUSE MR. BEN AND BEN CAN NOW APPLY AS A MOTHER WAREHOUSE NOT A MEMBER OF A CCBW GIVEN IN THAT PROJECTED AMOUNT OF DUTIES AND TAXES
PRIOR TO THE APPROVAL OF AN AUTHORITY TO OPERATE, WHAT MUST BE DONE BY BUREAU FIRST?
PHYSICAL INSPECTION OF THE PREMISES
REQUIRING THE APPLICANT TO SUBMIT ADDITIONAL REQUIREMENTS
REQUIRING THE APPLICANT TO SECURE A BOND
INVESTIGATION OF THE STATUS AND LIFESTYLE OF THE APPLICANT INCLUDING CURRENT BUSINESSES
AS A GENERAL RULE: ANY APPLICATION FOR RELOCATION OF CBW SHALL BE APPROVED BY WHOM?
COMMISSIONER UPON RECOMMENDATION BY THE DISTRICT COLLECTOR
COMMISSIONER SUBJECT TO APPROVAL WITH SECRETARY OF FINANCE
DISTRICT COLLECTOR SUBJECT TO APPROVAL WITH COMMISSIONER
SECRETARY OF FINANCE UPON RECOMMENDATION BY THE COMMISSIONER
WHICH OF THE FOLLOWING IS NOT ALLOWED TO OPERATE AN EXTENSION WAREHOUSES?
GTMBW
MMBW
CCBW
NCBW
A MEMBER OF A CCBW HAS APPLIED FOR AN EXTENSION WAREHOUSE WHICH SHALL BE USED FOR ADDITIONAL STORAGE OF GOODS. WILL THE BUREAU ALLOW SUCH EXTENSION WAREHOUSE OF A MEMBER OF A CCBW?
NO, BECAUSE ANY MEMBER OF A CCBW ARE NOT PERMITTED TO OPERATE AN EXTENSION WAREHOUSE
YES, BECAUSE ANY MEMEBER CAN APPLY FOR AS LONG AS IT IS FUNDAMENTAL FOR THE USE OF STORING GOODS
NO, BECAUSE AN EXTENSION WAREHOUSE SHALL BE USE AS EXTENSION FOR PRODUCTION OR PROCESSING ONLY
YES, UPON SUBMISSION OF NECESSARY REQUIREMENTS AS REQUIRED BY THE BUREAU
MANG KANOR COMPANY, A MEMBER OF A CCBW, WHO CURRENTLY HAVE AN EXTENSION WAREHOUSE LAST 2022 WHICH THEY ARE USING AS EXTENSION FOR THEIR PRODUCTION IS CURRENTLY APPLYING FOR ANOTHER EXTENSION WAREHOUSE THIS 2024 DUE TO MASSIVE PRODUCTION AND THEIR CURRENT EXTENSION WAREHOUSE COULD NO LONGER ACCOMODATE SUCH NUMBER OF PRODUCTION. BUT UPON INVESTIGATION, THE BUREAU HAS DENIED THEIR APPLICATION. IS THE BUREAU CORRECT REGARDING THE DENIAL OF THEIR APPLICATION FOR ANOTHER EXTENSION WAREHOUSE?
YES, BECAUSE A MEMBER OF ANY CCBW CAN ONLY HAVE 1 EXTENSION WAREHOUSE
NO, THEY SHOULD BE ALLOWED TO APPLY FOR ANOTHER EXTENSION WAREHOUSE FOR AS LONG AS THEY COMPLY WITH PROPER DOCUMENTS
YES, BECAUSE THEY ARE ONLY ALLOWED TO APPLY FOR ANOTHER EXTENSION IN THE NEXT 3 YEARS
NO, MANG KANOR COMPANY SHOULD FILE A MOTION FOR DENIAL
STORAGE PERIOD OF GOODS TRANSFERRED TO EXTENSION WAREHOUSES FOR PRODUCTION SHALL BE LIMITED TO HOW LONG?
6 MONTHS EXTENDIBLE TO 6 MONTHS
3 MONTHS EXTENDIBLE TO 3 MONTHS
1 MONTH EXTENDIBLE TO 1 MONTH
NON-EXTENDIBLE OF 1 YEAR
TRANSFER NOTE IS ALSO KNOWN AS
TRANSIT NOTE
TRANSFER PERMIT
AUTHORITY TO TRANSFER NOTE
BOAT NOTE
THE GARMENTS AND TEXTILE INDUSTRY DEVELOPMENT OFFICE (GTIDO) IS ATTACHED TO WHAT GOVERNMENT AGENCY?
BOC
BIR
NEDA
DTI
WHO SHALL DESIGNATE AND ESTABLISH CUSTOMS WAREHOUSES FOR STORAGE OF GOODS?
DISTRICT COLLECTOR
COMMISSIONER
DISTRICT COLLECTO SUBJECT TO APPROVAL WITH COMMISSIONER
COMMISSIONER UPON RECOMMENDATION WITH DISTRICT COLLECTOR
THE BUREAU IS RESPONSIBLE FOR THE LICENSING OF ALL CBW'S.
NOT ALL CBW'S ARE CONSIDERED AS EXTENSION OF THE CUSTOMS PREMISES.
THE FIRST STATEMENT IS CORRECT, WHILE THE LATTER IS INCORRECT
THE SECOND STATEMENT IS CORRECT, WHILE THE FORMER IS INCORRECT
BOTH STATEMENTS ARE CORRECT
BOTH STATEMENTS ARE INCORRECT
A TYPE OF BONDED WAREHOUSE ESTABLISHED FOR MANUFACTURE OF PRODUCTS UTILIZING RAWMAT OR COMPONENTS
MCBW
NCBW
PCBW
CFW
THE FOLLOWING CBW'S PREVIOUSLY GRANTED AUTHORITY TO OPERATE SHALL BE RE-CLASSIFIED AS ICBW, EXCEPT
AIRLINES SPECIFIC CUSTOMS BONDED WAREHOUSE
MULTINATIONAL REGIONAL BONDED WAREHOUSE
AIRLINES CUSTOMS BONDED WAREHOUSE
AIRLINES CATERING CUSTOMS BONDED WAREHOUSE
