Tariff Laws Quiz

Tariff Laws Quiz

12th Grade

87 Qs

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Tariff Laws Quiz

Tariff Laws Quiz

Assessment

Quiz

Financial Education

12th Grade

Hard

Created by

Arlon Alcancia

Used 1+ times

FREE Resource

87 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To qualify for the assistance, counselling and incentives envisioned in RA8502, a jewelry enterprise must be duly registered with what government agency?

NEDA

Tariff Commission

DTI

BOI

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At what instance can the BOC elevate case of issued advance tariff ruling to the DOF Secretary for review?

When the AHTN code is deemed incorrect

When deemed that the ruling is adverse to the government

When the article in the ruling is subject of a judicial case

When the product involved included in the list of prohibited importation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A product is eligible to avail the ATIGA concession rate if it satisfies the following, except for one. Which one among the following choices will make the product ineligible of the tariff concessions?

The product satisfied the ROO criterion of change in tariff classification wherein the final product's tariff heading is different from the tariff heading of the non-originating materials used in its production.

The product was covered by a CO form 'D'

The product is not listed under ATIGA Schedule H of the exporting Member State

The ATIGA rate of the product was 25% at the exporting Member State and 0% at the importing member state.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following choices below satisfies the ATIGA ROO RVC 40, when produced in the Philippines and exported to ASEAN countries?

Part A from China amounting to $40 and Part B from Vietnam costing $20 are assembled into product C with FOB Value of $80

Raw materials A and B, from Korea and India costing $50 and $60, respectively were processed into a finished good worth $150

Cheeses from New Zealand, worth $120 plus ingredients from Thailand amounting to $30 were converted into processed cheese with FOB value of $180

Parts and components from the US amounting to $120 were assembled into a domestic appliance intended to be sold at $170 FOB

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

With reference to the Philippine commitment to the WTO Agreement on Agriculture, which among the following choices implements and administers importations covered by the MAV Scheme?

MAV Management Committee

MAV Technical Committee

MAV Special Group

Special Technical Group on Qualified imports

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An importation consisting of 20 live pure-bred breeding lambs was classified under subheading 0104.10.10 of the TCCP-AHTN. Heading 01.04 provides for 'live sheep and goats.' Further, Note 1 to Section I of the AHTN was considered in the classification of subject lambs. What HS GIR/s was/were applied as basis of the classification?

Rule 1

Rule 6

rule 1 and 6

rule 3 (a)

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under which one of the following circumstances may an imported article be classified under two AHTN headings?

Set consisting of two distinct articles put up for retail sale

An importation consisting of 1,000 pcs of 6-shot revolvers each with its leather holster

an imported multi-function copying machine capable of the following functions: copier, facsimile, scanner and network printer

butane gas imported in a reusable 500 liter capacity steel tank

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