Import Clearance and Formalities Quiz

Import Clearance and Formalities Quiz

University

20 Qs

quiz-placeholder

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Import Clearance and Formalities Quiz

Import Clearance and Formalities Quiz

Assessment

Quiz

Other

University

Easy

Created by

Dave Lazada

Used 4+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All goods imported into the Philippines shall be entered through a customs office at a port of entry, or may be admitted to or removed from a free zone as defined in this Act, as the case may be. Imported goods shall be deemed "entered" in the Philippines for consumption when the goods declaration is manually lodged, together with any required supporting documents, with the pertinent customs office.

First statement is true, second statement is false

First statement is false, second statement is true

Both statements are true

Both statements are false

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many ports and subports does the Philippines have?

17,38

17,39

16,36

17,37

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sub port of Salomague is under the jurisdiction of what principal port of entry?

Port of Manila

Port of San Fernando

Port of Surigao

Port of Zamboanga

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the default threshold value for goods of a commercial nature to qualify for informal entry processing under the current law?

₱100,000 FCA

Below ₱50,000 FOB or FCA

Above ₱50,000 CIF

At least ₱50,000 FOB or FCA

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum total period allowed for a declarant to complete the requirements of a provisional goods declaration?

30 days

60 days

90 days

120 days

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary condition for the release of goods under a provisional goods declaration?

Filing a request for reconsideration with the Commissioner

Payment of 50% of the estimated duties and taxes

Posting of a security equivalent to the amount of applicable duties and taxes

Signing a waiver of liability for customs disputes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the model declaration code for Provisional Goods declaration.

4PP-4

4P-4

4PG-4

4PDG-4

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