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WorksheetsPDC DAY 4 Part 2
Total questions: 19
Worksheet time: 10mins
Which of the following documents is not included in the requirements for liquidation of CBW entries as to constructive exportation?
Constructive Export Declaration
Approved Authority to Sell/Transfer
CEWE
Outward Bill of Lading/Airway Bill
Which of the following documents is not included in the requirements for liquidation of CBW entries as to constructive importation?
Original WSAD
Bill of Lading
Invoice of the seller
Approved Authority to Sell/Transfer
An accredited member sells bonded goods to another member within the same CCBW without prior District Collector approval. How are they held accountable?
Only the transferring member is penalized
Only the receiving member is penalized
Both are jointly and severally liable for liquidation and possible sanctions
Both are solidarily liable but the Principal CCBW may institute separate actions against the erring member
A CBW's Authority to Operate expires, and the operator had filed renewal one hundred days before expiry. The Commissioner has not yet acted. Which of the following circumstances if applicable?
Authority lapses until reissued
Remains valid for 30 days
Automatically extended until new authority is issued
Subject to penalty but remains valid
In the procedures for liquidation of warehousing entries by the CBW operator, the account officer shall determine the authenticity of the liquidation documents, validate the information in the SOL against the documents submitted on the following based on the FOM. Which among the choices is not included?
Quantities of the raw materials utilized to produce the finished goods exported (direct or constructive) or sold/transferred in case of NCBW
Quantity of wastages, rejects or by-products
Quantity of raw materials subject of local sales or domestic consumption
Quantity of raw materials condemned or abandoned, if applicable
The registered CBW operator or its authorized representative must upload the following to the AIMS prior to the implementation or roll out to the ports of the said system to ensure efficient processing, accurate computation of inventory, liquidation or raw materials, and generation of other required reports. Which among the choices is not included?
Approved ITDI FOM/FOC
List of Accredited Members of CCBW with corresponding unique warehouse codes, if applicable
List of registered sub-contractor, clients/end-users, of ICBW, if applicable
Approved Certificate of Authority to Operate as CBW Operator
In lodgment of transit warehousing goods from Customs zone to CBW using the AIMS, which of the following is not required to be uploaded as attached documents to the EDRM?
Authority to Sell
Transfer Note, if LCL
TSAD
E-TRACC upload manifest, if FCL
In the procedures for withdrawal of goods for local sales using the AIMS, which of the following is not attributable to the CBW operator?
Allow the withdrawal of the bonded goods
Create a Withdrawal Declaration-Local Sales in the AIMS
Upload the approval of the District Collector or authorized official
Submit the Withdrawal Declaration-Local Sales in the AIMS
Which of the following is the other term for subcontracting in relation to the AIMS?
Alternate manufacturing
Toll manufacturing
Process manufacturing
Discrete manufacturing
A CBW operator attempts to install a new racking system and change the internal layout of the warehouse without notifying Customs. Which of the following is the consequence under CMO 03-2022?
No consequence if the modification improves capacity
Immediate approval is implied if no danger is involved
Modification is prohibited without prior District Collector approval and may result in suspension
The operator may proceed but must notify the BWC within 15 days
A CBW has not filed a renewal application and its license expires next month. It plans to file just thirty days before expiration. Which of the following is the status of the filing?
Valid, as long as it is filed before the expiry date
Invalid, as the filing must be made no later than 90 days and no earlier than 120 days before the expiry date
Renewal is allowed with penalty
The Commissioner may accept anytime at his discretion provided it is favorably recommended by the BWC
A manufacturing CBW under a 3-year license attempts to relocate operations to a different port of entry due to logistics issues. Which of the following is the procedural consequence?
The operator must update the warehouse coordinates with the District Collector of the new and old warehouses
A new application must be filed since relocation to another port renders the old license void
Relocation is allowed under existing license if same legal entity
Transfer must be filed and approved by the Commissioner through the BWC within 15 days
Which of the following actions does not require a separate approval under CMO 03 2022?
Changing from a non manufacturing to a manufacturing CBW
Extending the storage period for perishables
Adding a new branch in a different Collection District
Introducing a new location of the CBW operations
A CBW handling perishable seafood requests a second 3 month extension on storage beyond the initial 3 month period, citing market delays. Which of the following is the Bureau's course of action?
Approve a second extension automatically
Deny the request—only one extension is allowed
Allow the request up to a total of 9 months for perishables
Convert the goods to domestic sale without penalty
LMN Warehousing Inc. Was a BOC-licensed GTMBW three years ago. Due to financial restraints and abrupt loss in foreign sales, they decided to close their operations. A request for discontinuance was filed with the District Collector for appropriate action. Prior to the issuance of notice of discontinuance, it was found out that the supervision charge was not fully paid. Which of the following is the consequence?
Any warehouse supervision charge shall be collected
Any outstanding supervision charge shall be abated, subject to the approval of the District Collector
Any warehouse supervision charge due and unpaid shall not be collected
Any outstanding supervision charge shall constitute a lien over any remaining goods and will be subject to deduction of its value
Which of the following is the goods declaration to be used by the CBW Operator for the disposition of wastages by consumption?
SAD
Withdrawal Permit
IIDE
Requisition Slip
Which of the following are the regulating agencies for the importation of liquor items?
FDA and SRA
FDA, SRA and BIR
FDA and BIR
FDA only
Which of the following documents is not included in the processing and clearance of their shipment at MICP?
Approved E-TRACC Booking
SRA Premix Commodity Release Clearance
ATRIG
FDA License to Operate
After the release and delivery of their shipment, you were likewise consulted as to the prospective transfer of their operations. If their client-airline will transfer at the Subport of Mactan Airport in Cebu, which of the following documents is not required?
Layout of the proposed new warehouse
Feasibility study
BOC Certificate of Accreditation as importer
Renewed general warehousing bond
