Podcast
Questions and Answers
What is the required payment upon approval of the application for a Customs Bonded Warehouse (CBW)?
What is the required payment upon approval of the application for a Customs Bonded Warehouse (CBW)?
- Payment of at least 25% of annual supervision fee (correct)
- 50% of annual supervision fee
- Payment of the full annual supervision fee
- $200,000 performance bond
Who is responsible for monitoring the performance of a CBW from importation to liquidation?
Who is responsible for monitoring the performance of a CBW from importation to liquidation?
- Automated Raw Materials Inventory and Management System
- Account Officer (correct)
- Raw Material Liquidation System
- Compliance Rate System
What do 'accessories' refer to in the context of CBW operations?
What do 'accessories' refer to in the context of CBW operations?
- Imported consumable materials
- Articles enhancing finished products for export (correct)
- Supplies needed for manufacturing
- Raw materials for export
What is the purpose of the Automated Raw Materials Inventory and Management System (ARMIMS) in a CBW?
What is the purpose of the Automated Raw Materials Inventory and Management System (ARMIMS) in a CBW?
What does the acronym BCS stand for in the context of CBW operations?
What does the acronym BCS stand for in the context of CBW operations?
Which term refers to imported consumable and disposable indirect materials needed in the operation of a CBW?
Which term refers to imported consumable and disposable indirect materials needed in the operation of a CBW?
What type of warehouse is not subject to Customs control?
What type of warehouse is not subject to Customs control?
Who assumes legal responsibility for the safekeeping of stored articles in a CBW?
Who assumes legal responsibility for the safekeeping of stored articles in a CBW?
What is the validity period of a License to Operate for ICBW?
What is the validity period of a License to Operate for ICBW?
Which industry/enterprise category pays a supervision fee of P100,000.00 for CCBW?
Which industry/enterprise category pays a supervision fee of P100,000.00 for CCBW?
What do Imported articles in a CBMW intend for?
What do Imported articles in a CBMW intend for?
What is the purpose of the Customs Bonded Manufacturing Warehouse (CBMW)?
What is the purpose of the Customs Bonded Manufacturing Warehouse (CBMW)?
Flashcards are hidden until you start studying
