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Customs Brokers Act Amendment Quiz

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Questions and Answers

What is the primary change introduced by Republic Act No. 9853 regarding the signing of import entries?

Import entries shall be signed by both customs broker and the consignee/owner/importer. (correct)

Import entries must be signed by a customs broker only.

Import entries must be signed only by the consignee or importer.

Import entries no longer require signatures.

According to the amended act, who can sign an export declaration?

Only an authorized representative of the Bureau of Customs.

Either the exporter or, if they choose, their designated customs broker or authorized representative. (correct)

Only the exporter’s designated customs broker.

Only the exporter.

What constitutes engaging in the practice of customs broker profession, according to Section 27 of the amended Republic Act No. 9280?

Only having an active license as a customs broker.

Only signing import or export declarations.

Only representing clients in the Bureau of Customs

Any single act within Section 6 of the Act. (correct)

What is the minimum paid-up capital requirement for a corporation engaging in customs brokerage, as stated in the amended act?

$1,000,000.00$ (D) Signup and view all the answers

According to the revised act regarding professional practice, what is the primary basis for admission to the customs broker profession?

Individual and personal qualifications (B) Signup and view all the answers

What is the main criteria for a corporation to be registered to engage in customs brokerage?

They must engage or hire at least one customs broker. (B) Signup and view all the answers

What does 'engaging in the business of customs brokerage' specifically mean?

Making representations on behalf of importer clients at the Bureau of Customs (BOC) and other government agencies. (C) Signup and view all the answers

What is the purpose of Republic Act No. 9853 relative to Republic Act No. 9280?

To amend Republic Act No. 9280. (C) Signup and view all the answers

Study Notes

Republic Act No. 9853

Amends Republic Act No. 9280 (Customs Brokers Act of 2004)
Section 1 amends Section 27 of Republic Act No. 9280.
- Changes the definition of "engaging in the practice of customs broker profession"
  - Import entry, signed by customs broker, and importer/consignee.
  - Export declarations signed by exporter or their designee
Section 2 amends Section 29 of Republic Act No. 9280.
- Defines the practice of customs brokerage as a professional service.
- Qualification based on individual and personal qualifications.
- Corporations may be registered to engage in customs brokerage (requires one broker)
- Minimum paid-up capital of Php1,000,000 required.
Section 3 Repeals any conflicting laws, presidential decrees, etc.

Act Effectivity

Act takes effect 15 days after publication in the Official Gazette or a general circulation newspaper.

Passage of Act

Consolidated Senate Bill No. 3396 and House Bill No. 3274
Passed by the Senate on September 28, 2009
Passed by the House of Representatives on October 8, 2009

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Description

Test your knowledge on Republic Act No. 9853, which amends the Customs Brokers Act of 2004. This quiz covers the main sections of the act, including changes in definitions and qualifications for customs brokers. Understand the implications of these amendments for practicing customs brokerage.