CAO 01-2023 Amendments and Regularization Fee Quiz
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Questions and Answers

Under CAO 01-2023, what is the regularization fee for second or subsequent offenses if evidence of re-exportation is not provided?

  • PHP25
  • US$50 (correct)
  • US$25
  • PHP50
  • According to CAO 01-2023, what is the regularization fee for the first offense if evidence of re-exportation is not provided?

  • PHP50
  • US$25 (correct)
  • PHP25
  • US$50
  • What organizations should the BOC work closely with for the utilization and implementation of the electronic ATA Carnet system in the Philippines?

  • World Trade Organization (WTO) and United Nations (UN)
  • Bureau of Customs (BOC) and Department of Finance (DOF)
  • Philippine Chamber of Commerce and Industry (PCCI) and Department of Trade and Industry (DTI)
  • National Issuing and Guaranteeing Association (NIGA) and International Chamber of Commerce (ICC) (correct)
  • True or false: CAO 01-2023 imposes a regularization fee if evidence of re-exportation is not provided by the re-exportation counterfoil that is duly completed, signed, stamped, and dated by BOC.

    <p>True</p> Signup and view all the answers

    True or false: The regularization fee for second or subsequent offenses under CAO 01-2023 is set at a Philippine peso amount equivalent to US$25.

    <p>False</p> Signup and view all the answers

    True or false: CAO 01-2023 adds a subsection to CAO 02-2022 which states that BOC should work closely with the National Issuing and Guaranteeing Association (NIGA) and the International Chamber of Commerce (ICC) for the utilization and implementation of the electronic ATA Carnet system in the Philippines once the digital carnet system is implemented.

    <p>True</p> Signup and view all the answers

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