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2024 Tariff Laws Review - Day 1
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2024 Tariff Laws Review - Day 1

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Questions and Answers

What is the principal authority on tariffs and trade remedy measures?

Tariff Commission

Which of the following is a function of the Tariff Commission?

  • Issue advance rulings on tariff classification of imported goods (correct)
  • Conduct public consultations and public hearings (correct)
  • Provide financial assistance to importers
  • Manage all customs operations directly
  • The Tariff Commission is not required to provide independent analysis and information to the President and Congress.

    False

    What is one of the Tariff Commission's mandates according to CMTA?

    <p>Review trade agreements entered into by the Philippines</p> Signup and view all the answers

    The Tariff Commission operates under the provisions of the ___ Amendments.

    <p>Customs Modernization and Tariff Act</p> Signup and view all the answers

    Which agency is the Tariff Commission attached to?

    <p>National Economic and Development Authority (NEDA)</p> Signup and view all the answers

    Match the Tariff Commission functions with their descriptions:

    <p>Adjudicate cases = Handle trade remedy applications against imports Study tariff policies = Assess impact on competitiveness and consumer welfare Administer tariff schedules = Manage tariff nomenclatures and schedules Issue advance rulings = Provide classification of imported goods</p> Signup and view all the answers

    Study Notes

    CLAP Customs Review Overview

    • Coordinated by CLAP Customs Review & Center for Professional Development, Inc. along with Pedreza Customs and Tariff Webinars.
    • Venue: Room 209, 2nd Floor, Manuel F. Tiaoqui Bldg., Plaza Sta. Cruz, Manila.
    • Contact details include Globe mobile numbers 09063811016 / 09068172757 and email [email protected], with a Facebook page at www.facebook.com/clap.stacruz/.

    2024 Tariff Laws Review - Day 1

    • Led by Eng’r Ramon G. Lucero, Jr. from the Tariff Commission.
    • Focus on Tariff Commission functions and CMTA Section 1100 related to advance ruling and classification disputes.

    Tariff Commission Structure

    • Functions under Executive Order 366, s. 2008.
    • Established authority on tariffs and trade remedies; operates as a collegial body with a Chairman and two Member Commissioners.
    • Attached to the National Economic and Development Authority (NEDA).

    Key Divisions Within the Tariff Commission

    • Research, Investigation and International Trade Analysis Service (RIITAS)
    • Finance Management and Administrative Service (FMAS)
      • Financial Management Division (FMD)
      • Administrative Division (AD)
    • Economics, Trade and Industry Studies Division (ETISD)
    • International Trade Studies Division (ITSD)
    • Commodities Studies Division (CSD)
    • Financial Studies Division (FSD)

    Functions of the Tariff Commission (CMTA Section 1603)

    • Adjudicates cases on trade remedies against imports.
    • Studies tariff policies' impact on national competitiveness and consumer welfare.
    • Manages Philippine tariff schedules and nomenclatures.
    • Issues advance rulings on tariff classifications and resolves disputes.
    • Provides independent analysis for the President and Congress on tariffs and non-tariff measures.
    • Analyzes goods for tariff classification and provides data to various government departments.
    • Reviews and makes recommendations on trade agreements negotiated by the Philippines.
    • Conducts public consultations and hearings related to its functions.
    • Can delegate tasks for ruling on tariff classification disputes to appropriate government agencies.

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    Description

    Join us for the first day of the 2024 Tariff Laws Review hosted by CLAP Customs Review. This session will provide an in-depth understanding of tariff regulations and their applications. Enhance your knowledge and skills in customs tariff laws through expert-led discussions.

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