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Trade and Tariff Quiz

Total questions: 62

Worksheet time: 34mins

Name
Class
Date
1.

Also known as the "Final Act" signed on April 1994 that concluded the GATT Uruguay Round, the most comprehensive round of negotiations and officially established the WTO?

a)

Marrakesh Agreement

b)

DOHA Development Agreement

c)

Agreement on Tariff and Trade

d)

Kyoto convention

2.

All chemicals produced from chemical reactions are considered to be originating according to what ROO criterion?

a)

Process Rule

b)

Change in Tariff Classification

c)

Value Added

d)

Wholly Obtained

3.

Identify which one of the following statements is incorrect with regards to the initiation tariff classification dispute.

a)

BOC has a different classification

b)

Classification is considered difficult and highly technical by the BOC

c)

Not subject of pending application for advance ruling

d)

The applicable fate of duty is disadvantageous to the government

4.

Under Rule 12 of the OCP to the ATIGA, which one among the following choices is incorrect with regards to the loss or destruction of a CO Form "D"?

a)

The exporter may apply in writing to the issuing authority for certified true copy of the original & triplicate

b)

The certified true copy CO issued by the issuing authority will bear the date of issuance of the original CO

c)

The certified true copy of a CO shall be issued no longer than 1 year from the date of issuance of the original CO

d)

The importer will request the exporter for the triplicate copy of the CO which it is retained and use it in place of the original CO along with a notarized affidavit stating the loss of the original CO

5.

When can the TC revoke an Advance Ruling?

a)

When there is a judicial decision

b)

When there is a change in policy

c)

Upon the discovery of false and misleading information

d)

Whenever the TC Chairman deemed it necessary

6.

Thailand manufactured barber's chairs classified under AHTN Code 9402.10.30 and having an FOB value of $100 were to be exported to the Philippines under the ATIGA. The non-originating base and frame of the chairs classified under AHTN Code 9402.10.30 were sourced from Hong Kong and have a CIF value of %70. If the product specific rule assigned was RVC 40 or CTSH a de minimis provision of 10% of the final product's FOB was granted, under what ROO criteria did the product attain originating status?

a)

RVC 40

b)

CTSH

c)

De minimis

d)

The product did not attain originating status

7.

Which one of the following operations confers origin under the CTH rule?

a)

Galvanized steel coil (7210.49) to Pre-painted steel sheets (7210.70)

b)

Uppers of leather (6406.10) to leather shoes (6403.59)

c)

Unbleached woven cotton fabric (5210.11) to printed fabric (5210.51)

d)

Book paper in rolls (4802.57) to book paper in sheets (4802.56)

8.

A product covered by CO Form "E", exported to the Philippines was deemed originating by the governing ROO of the ACFTA and eligible to avail of the Phil preferential ACFTA rate of duty, if it complies with which one among the following?

a)

The product is in the NT list of Indonesia (exporter) and in the ST List of the Philippines

b)

The product is in the NT list of China (exporter) with NT rate of 3% and in the ST list of the Philippines

c)

The product is in the NT list of Vietnam (exporter) and in the EHP list of the Philippines

d)

The product is in the NT list of the Philippines with NT rate of 5% (current MFN rate is 7% ad valorem) and on the ST list of the China (exporter) with tariff rate 8%

9.

Choose which among the following statements is incorrect with regards to the application of the tariff reciprocity rule provision of the AKFTA?

a)

The product is in the NT list of the importer and in the ST list of the exporter

b)

The product's ST rate in the exporter should be 10% or below

c)

The applicable is the rate that is lower between the exporter's ST rate and the importer's NT rate

d)

The applied rate should not be higher than the importer's MFN rate

10.

Identify which of the following trade remedy measures is applicable to offset any bounty given to exporters by the government.

a)

General safeguard

b)

Anti-dumping

c)

Subsidy and countervailing

d)

Special safeguard

11.

What is this kind of subsidy, also called "green subsidies", which are permitted as they are of general nature, that is applied across the board to all industries, hence, subject to countervailing action?

a)

Non-actionable subsidy

b)

Prohibited subsidy

c)

Countervailing Subsidy

d)

Actionable Subsidy

12.

The conduct of the preliminary determination in anti-dumping cases is handed by the DTI if the product subject of the protest is an industrial good. Which specific agency under the DTI is responsible for this undertaking?

a)

Bureau of international relation

b)

Bureau of export trade promotion

c)

Board of investments

d)

Bureau of import services

13.

Per ROO, change in tariff classification criterion applies only to which one of the following?

a)

Originating materials

b)

Non-originating materials

c)

both originating & non-originated materials

d)

wholly obtained goods

14.

Under the AKFTA, the following are the two programs of tariff reduction namely:

a)

NT and ST

b)

Sensitive and Highly Sensitive

c)

Inclusion and Exclusion List

d)

Inclusion & temporary exclusion list

15.

In an anti-dumping case, parties are allowed to enter into a voluntary price undertaking while the case is in the process of investigation. After what stage of investigation with positive result, can such an undertaking be offered?

a)

Formal Investigation

b)

Prima Facie Determination

c)

Preliminary Determination

d)

Final Determination

16.

If the Secretary does not issue a decision within 15 days after the BOC submitted the advance ruling for review, what will happen to this ruling?

a)

Its implementation will be held in abeyance

b)

The ruling is deemed confirmed

c)

The period for the resolution of the case is extended

d)

The riling is revoked

17.

Aside from the Commissioner, who among the government officials below is furnished with original copy advance classification ruling?

a)

Secretary of Trade and Industry

b)

Finance Secretary

c)

NEDA Director General

d)

Director of Bureau of import Services

18.

Which one among the following Philippine products is considered wholly obtained under the ATIGA ROO?

a)

Wooden furniture made from logs imported from Indonesia

b)

Galvanized steel sheets made from imported steel waste and scrap collected in Malaysia

c)

Nata de coco manufactured from coconuts 90% of which is locally sourced

d)

Recycled used plastic bottles gathered from various parts of the country

19.

This is the kind of plan submitted by the local industry that availed of the protection against increasing importation of the directly competitive product.

a)

Adjustment plan

b)

Recovery plan

c)

Reconstruction plan

d)

Modernization plan

20.

Which one of the following choices best illustrate unfinished product that is classified under the heading of the corresponding finished article?

a)

Unassembled tea table

b)

Shoes without laces

c)

car not incorporating a battery

d)

preformed bottles

21.

The legal text of the HS adopted by the AHTN are the following except one:

a)

GIRs

b)

Section, chapter and subheading notes

c)

4-digit heading and 6-digit subheadings

d)

8-digit subheadings

22.

7th and 8th digits of the ASEAN Harmonized Tariff Nomenclature (AHTN) refer to:

a)

ASEAN subheadings

b)

HS subheadings

c)

National Subheadings

d)

Philippine subheadings

23.

The HS is used as basis for the following except for one which is:

a)

Tariff classification

b)

Customs valuation

c)

Statistical nomenclature

d)

Rules of Origin

24.

Specially shaped textile carpets, identifiable for use in motor cars, which are to be classified not as accessories of motor cars in heading 87.08 but in heading 57.03, where they are more specifically described as carpets. What GIR was used in the classification of said carpets?

a)

GIR 4

b)

GIR 3 (a)

c)

GIR 3 (b)

d)

GIR 3 (c)

25.

What administrative review that can be conducted by the TC if only one year have elapsed since the imposition of the countervailing duty?

a)

Interim Review

b)

Sunset Review

c)

Monitoring Review

d)

Newcomer Review

26.

This is the type of trade remedy measure that any person can petition if there is an increasing importation of frozen chicken?

a)

Special safeguards

b)

General safeguards

c)

regular safeguards

d)

anti-dumping

27.

Under the ATIGA, which one among the following is a type of invoice issued in Taiwan for a product for export to the Philippines?

a)

Retroactive invoice

b)

Back-to-back invoice

c)

third-party invoice

d)

cumulative invoice

28.

An originating good retains its originating status even if transported through one or more parties, other than the exporting party and importing party or through a non-party, provided that the following conditions were satisfied, except for one which is?

a)

The good has not entered into trade or consumption

b)

The transit entry is justified for geographical reason or by consideration related exclusively to transport requirements

c)

The good has already been paid by the importing party

d)

The good has not undergone any operation there other than unloading and reloading or any other operation to preserve them in good condition

29.

The institutional arrangements overseeing the AHTN Protocol is composed of the following except

a)

ADG of customs

b)

ASEAN finance ministers meeting

c)

the ASEAN Secretariat

d)

AHTN dispute body

30.

Under which one among the following ATIGA ROO rules where, if a product is exported under this arrangement, it will not be outright eligible for the tariff preference granted under the AFTA agreement but will only be used for cumulation purposes?

a)

Partial accumulation

b)

De minimis rule

c)

RVC + CTC Rule

d)

Full Accumulation

31.

As a provisional measure against import surges, a cash bond estimated to be sufficient to prevent serious injury to the domestic industry will be imposed for the duration of:

a)

200 days

b)

100 days

c)

150 days

d)

180 days

32.

Which of the following refers to a determination that shall be based on facts and not merely an allegation, conjecture or remote possibility, in which the dumping will cause injury that is clearly foreseen and imminent?

a)

Material injury

b)

Serious Injury

c)

Threat of serious injury

d)

Threat of material injury

33.

The Philippine instrument of accession to the HS Convention was signed by the then

4 lines
34.

The Philippine instrument of accession to the HS Convention was signed by the then President Joseph E. Estrada on 23 September 1998 and its ratification was concurred by:

a)

The House of Representatives

b)

the DFA

c)

The Senate

d)

the TC

35.

An originating product covered by CO Form 'AK' was exported from South Korea to the Philippines under the provisions of the AKFTA. The product is under Korea's ST list with 8% ST rate while in the Philippines, the product has an AKFTA NT rate of 0% and MFN rate of 10%. Under this particular circumstance, what should be the applied import duty of the product?

a)

EHP rate of the Philippines

b)

0% AKFTA phil.rate

c)

10% MFN Phil. Rate

d)

8% equivalent of Korea's ST rate

36.

Currently, who among the government officials below has the authority to overrule the advance tariff classification ruling issued by the TC?

a)

Sec. Ramon Lopez

b)

Sec. Ralph Recto

c)

BOC Commissioner Rubio

d)

PBBM

37.

In which one of the following TC publications can you find the AHTN Supplementary Explanatory Notes?

a)

The AHTN tariff book

b)

Primer on Tariff Development

c)

The Classification Compendium

d)

the Correlation Table

38.

The ASEAN Member State was granted a waiver from the obligations imposed under the ATIGA with regard to rice and sugar pursuant to the Protocol to Provide Special Consideration to Rice and Sugar. What recourse is available to an ASEAN Member State affected by the waiver?

a)

To request mediation at the WTO Dispute Settlement Body

b)

To petition the nullification of the waiver with the ASEAN DG of customs

c)

To request bilateral consultations with the ASEAN Member State granted the waiver

d)

To apply for a similar waiver

39.

Which one of the following is a function of the TC?

a)

Issuance of advance ruling on valuation

b)

Issuance of advance ruling on the rules of origin

c)

Determination of prima facie case of antidumping

d)

Hearing of petitions regarding reduction of ad valorem duty

40.

To qualify for the 1% tariff on ethanol to be used for the fuel ethanol as provided under the Biofuels Act, the importer must be certified by which one of the government agencies below?

a)

DOE

b)

BOI

c)

DTI

d)

LTO

41.

Choose which one of the following is incorrect statement regarding the application for advance classification ruling.

a)

Should be notarized

b)

Shall cover only one product

c)

Should be filed at least 90 days before importation

d)

Shall be submitted in the prescribed form

42.

A Malaysian television manufacturer produces the finished tv (8528.72) with FOB value if $100 from its LED panel (8529.9.) $20 and chassis cover (8529.90)5%, and other major parts (8529.90) $70 from China. These televisions are then exported to Thailand. If ROO required in ATIGA is RVC 40 or CTH, under what rule below will the televisions be considered originating?

a)

Value Added

b)

Change in Chapter

c)

Change in tariff heading

d)

Change in tariff subheading plus RVC 35

43.

With regards to the ASEAN FTAs with dialogue partners, select which one among the statements below is not correct.

a)

A product imported into the Philippines from India and covered with a CO form 'E'

b)

A product of China with ST rate of 10% can avail of tariff preference by virtue of the tariff reciprocity principle under ACFTA when it is imported into the Philippines where the product is classified under its NT list

c)

One of the requirements for an importer product to avail of tariff preference under the AJCEP is for it to be accompanied with CO from AJ issued by the competent government authority of the exporting participant

d)

A product of china with ST rate of 8% exported to the Philippines where the product is also classified under its ST list with rate of 10%, can not avail of the tariff preference granted under the reciprocity rule of the ACFTA agreement

44.

Investigation of dumping protest can be immediately terminated if the dumped import is less than 3% of all import of like product. The process is included in the definition of which of the following?

a)

Negligible volume

b)

Minimal Imports

c)

De minimis

d)

non substantial volume

45.

Defined as the legal framework governing the implementation of the AHTN.

a)

AHTN protocol

b)

the CEPT

c)

ASEAN trade in goods agreement

d)

GIR

46.

Philippine participants in all free trade agreements are in pursuance of which one of the TCCP provisions below?

a)

Flexible clause (sec 1608)

b)

Classification ruling (sec1100)

c)

GIR (sec 1610)

d)

promotion of foreign trade (sec 1609)

47.

Maintained by the ASEAN Secretariat regarding the notifications submitted by the member States, which one among the following contains trade-related information such as (1) tariff nomenclatures (2) tariffs (3) ROO (4) non tariff measures (5) national trade and customs laws & rules (6) procedures & documentary reqs (7) administrative rulings (8) members best practices in trade facilitation and (9) member's list of all authorized traders?

a)

ASEAN library

b)

ASEAN trade repository

c)

ASEAN documentation facility

d)

ASEAN database

48.

Should the applicant for advance ruling decided not to pursue his request already filed in the TC, when can withdraw his application?

a)

Within 5 days after submission

b)

Within 3 days after the ruling was signed

c)

Anytime pending the release of the signed ruling

d)

Anytime prior to the issuance of the ruling

49.

Which among the following choices is the latest round of trade negotiations among WTO members aimed at the achievement of major reform in international trading system through the lowering of trade barriers and revision of trade rules?

a)

The DOHA Round

b)

The Manila round

c)

The Beijing Round

d)

The Uruguay Round

50.

Which one of the following choices fall within the purview of Sec 1608 tariff modification?

a)

A trader wishes to know the correct duty applicable to a product intended for importation

b)

A producer wants to secure tariff protection for its product

c)

The Philippines considers importation of medicines at preferential tariff

d)

A domestic industry filed compliant against surge in importation of a product of foreign counterpart

51.

This government technical body deliberates on the recommendation for tariff modification before issuing the draft EO for consideration of the NEDA board.

a)

Tariff and Related matters Committee

b)

TWG on Tariff

c)

Committee on Tariffs and Trade

d)

Review Committee on Tariffs

52.

When goods are imported in containers that are clearly suitable for repetitive use, how will the goods be classified?

a)

Classify the goods along with its container under the heading which specifically describes the goods by virtue of GIRs 1 and 6

b)

Determine which of the two (i.e., the goods or the container) presents the essential character of the imported commodity as a whole, by the application of GIR 3(b), and then classify under the appropriate heading

c)

Classify the goods and the container separately by virtue of provision of GIR 1

d)

Classify the goods separately from the container by virtue of the provisions of GIR 5 (b)

53.

Importation is a set consisting of wooden coffee table (94.03) and two upholstered chairs (94.01). the shipment is classified in 9403.60. considering that none of the two components gives the set its essential character, what GIR was applied?

a)

GIRS 1 and 6

b)

GIRS 3(b) and 6

c)

GIRS 3 (a) and 6

d)

GIRS 3 (c) and 6

54.

Regarding trade remedy measures, which one of the following provisions will address the negative effects caused by increasing importation of tariffied agricultural product which is injurious to local farmer?

a)

General safeguard

b)

Subsidy

c)

Subsidy

d)

Special safeguard

55.

Which one among the following institutions acts as international court in which governments can resolve disputes with other members on trade remedy cases such as anti-dumping?

a)

The HS Committee

b)

APEC

c)

The WCO

d)

The WTO

56.

In the ATIGA ROO, identify which of the processes below is not considered originating under the wholly obtained criterion.

a)

Bananas harvested from the plantations in Davao

b)

Banana chips manufactured from the products above and sugar from domestically grown sugar canes

c)

Exported live cattle which were born in Australia and raised to full grown cattle in Bukidnon

d)

Abaca ropes manufactured from fibers derived from abaca plants in Bicol region

57.

Which one of the following international organizations maintains and administers the HS?

a)

WTO

b)

UN

c)

WCO

d)

ASEAN

58.

Which of the following choices below is not used as basis for determining an export price?

a)

Free On Board (FOB) price at the point of shipment

b)

Export price to third country

c)

Importer's selling price to the first unrelated customers' ex-factory price at the point of sale for export

d)

Ex-factory price at the point of sale for export

59.

If a product is classifiable in two or more heading but cannot be classified by the use of essentially nor the most specific description, what rule should apply?

a)

The last in numerical order of HS headings

b)

The heading rate of duty

c)

The heading with additional duty

d)

The lowest tariff duty

60.

It is the volume benchmark for applying the special safeguard measure.

a)

Trigger volume

b)

significant volume

c)

Minimum access volume

d)

excess importation

61.

Which among the following choices are the two types of ROO?

a)

Direct and Indirect

b)

WO and Substantial Transformation

c)

Build Up and Build-Down

d)

Non-Preferential and Preferential

62.

Boxes of fresh apples were imported from China and were classified under HS 08.08 which is specifically provides for 'apples, pears and quinces, fresh'. What GIR/s was were applied as a basis of the classification in said heading?

a)

Rule 3 (a)

b)

Rule 2 (b)

c)

Rule 1

d)

Rule 4