Chap 10

Chap 10

University

28 Qs

quiz-placeholder

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Chap 10

Chap 10

Assessment

Quiz

Other

University

Easy

Created by

Anh Diep

Used 1+ times

FREE Resource

28 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Definition of Customs clearance

Most of countries „do not like“ import goods

the process of selling goods in a local market.

Dictated by customs authorities

complex process that an importer has to

follow after bringing goods into a country

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is tax than an importer must pay in order to bring goods into a country ?

Import duty
Import tax
Customs fee
Export tax

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

How to calculate a duty?

Type of goods

„Harmonized System

Number“ (HS-Code)

Value of goods

„Valuation methods“

(tariff rate or duty rate)

Origin of goods

Comparative method

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is most frequently used duty valuation?

Transaction value of the sale

Comparative value method
Residual method
Transaction cost method

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is seldom used duty valuation method?

Transaction Value Method

Brussels Definition of Value (price)

Residual Value Method
Comparative Value Method

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which method is NOT universally adopted for determining the rules of origin?

A) Substantial transformation

B) Change in HS classification

C) Transparent rules

D) Both A and B

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is required from countries regarding their rules of origin?

A) Adopt the U.S. Customs rules

B) Provide a ruling on a country of origin within 100 days

C) Make their rules of origin transparent and unbiased

D) Follow the EU classification strictly

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