What is the primary purpose of a Customs Bonded Warehouse (CBW)?

CM204 Q4

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University
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Medium
Crisvi Lazaro
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To store imported goods without immediate duty payment
To manufacture local products for domestic use
To facilitate the export of raw materials
To serve as a retail distribution center
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Before a CBW can operate, what must be assigned by the Warehousing Coordinating Division (WCD)?
A customs officer
A warehouse number
An import-export permit
A financial bond
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a requirement prior to CBW operation?
Installation of required signages
Payment of warehouse supervision fee
Hiring an external logistics provider
Conduct of final inspection for compliance check
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the format of a CBW number with an Authority to Operate?
Number-Type-Port
Port-Type-Number
Warehouse-Type-Number
Type-number-Port
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a correct warehouse type classification?
Common – “C”
Garment – “G”
Miscellaneous – “M”
All of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who assigns customs personnel to supervise warehouse operations?
CBW Operator
District Collector
Bureau of Internal Revenue (BIR)
Department of Trade and Industry (DTI)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What bond must be posted to ensure compliance with customs laws?
General Warehousing Bond
Performance Bond
General Transportation Surety Bond
All of the above
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