Audit Notification Letter Guidelines Quiz
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Questions and Answers

What is the maximum period allowed for the revalidation of an ANL by the assistant commissioner?

  • 60 days (correct)
  • 90 days
  • 45 days
  • 120 days

When must a demand letter for payment of deficiency be sent by PCAG to the identified company?

  • Within 20 days from receipt
  • Within 10 days from receipt
  • Within 30 days from receipt
  • Within 15 days from receipt (correct)

What is the deadline for an importer to file a request for reconsideration to the BOC Commissioner after receiving a demand letter?

  • 5 days
  • 20 days
  • 15 days (correct)
  • 10 days

How long does the BOC have to furnish the DOF and BIR with a copy of the final audit results and amount paid by the importer?

<p>30 days (C)</p> Signup and view all the answers

What is the consequence for a PDP applicant if they do not receive an ANL after filing an approved PDP application?

<p>They pay the deficient amount due plus legal interest of 20% per annum. (B)</p> Signup and view all the answers

When does a PDP applicant only pay the deficient amount due without any penalty or interest?

<p>Within 30 days from the date of payment or accrual of royalties. (D)</p> Signup and view all the answers

What action will be taken by PCAG if there are findings of fraud or violations not disclosed in the PDP application?

<p>Recommend to the BOC Commissioner for a formal audit. (C)</p> Signup and view all the answers

What is the consequence if a PDP applicant receives an ANL after filing an approved PDP application?

<p>They pay the deficient amount due and a penalty of 10% of the base deficiency. (A)</p> Signup and view all the answers

What is the purpose of the Post Clearance Audit group (PCAG) according to CAO No. 01-2019?

<p>To conduct audits on importers, beneficial owners, customs brokers, and other parties involved in customs clearance. (C)</p> Signup and view all the answers

What are the selection criteria for a company to undergo Post Clearance Audit (PCA) as per CAO No. 01-2019?

<p>The company's relative magnitude of customs revenue, rates of duties, compliance track records, and risk to revenue. (B)</p> Signup and view all the answers

Which units are responsible for conducting audits under Post Clearance Audit (PCA) according to CAO No. 01-2019?

<p>Trade Information and Risk Analysis Office (PCAG-TIRAO) and Compliance Assessment Office (PCAG-CAO). (E)</p> Signup and view all the answers

What is considered in the selection criteria for Post Clearance Audit according to CAO No. 01-2019?

<p>The compliance level of a trade sector and non-renewal of an importer’s customs accreditation. (B)</p> Signup and view all the answers

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