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Questions and Answers
What is the responsibility of operators in case of loss of stored articles in a CBW?
How long is the validity of a License to Operate an Ordinary Warehouse?
What is the annual supervision fee for a Duty-Free warehouse?
Which type of industry/enterprise pays a supervision fee of P50,000?
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What does a Customs Bonded Manufacturing Warehouse (CBMW) manufacture for?
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Study Notes
Operator Responsibilities in CBW
- In case of loss of stored articles in a Customs Bonded Warehouse (CBW), operators are responsible for the loss.
Licence to Operate an Ordinary Warehouse
- A License to Operate an Ordinary Warehouse is valid for a specified period of time, which is not permanent.
Annual Supervision Fee for a Duty-Free Warehouse
- The annual supervision fee for a Duty-Free warehouse is a specific amount that must be paid.
Supervision Fee for Specific Industries/Enterprises
- Certain industries or enterprises are required to pay a supervision fee of P50,000.
Customs Bonded Manufacturing Warehouse (CBMW)
- A Customs Bonded Manufacturing Warehouse (CBMW) manufactures goods for export purposes only.
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Description
Test your knowledge on Customs Bonded Warehouses including Ordinary Warehouses, Customs Bonded Manufacturing Warehouse, rules, and regulations. Explore the control exercised by the Bureau for customs purposes per the CMTA.
