12 Questions
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
Who is responsible for monitoring the performance of a CBW from importation to liquidation?
Account Officer
What do 'accessories' refer to in the context of CBW operations?
Articles enhancing finished products for export
What is the purpose of the Automated Raw Materials Inventory and Management System (ARMIMS) in a CBW?
Tracking imported articles
What does the acronym BCS stand for in the context of CBW operations?
Bar Coding System
Which term refers to imported consumable and disposable indirect materials needed in the operation of a CBW?
Supplies
What type of warehouse is not subject to Customs control?
Ordinary CBW
Who assumes legal responsibility for the safekeeping of stored articles in a CBW?
Warehouse Operator
What is the validity period of a License to Operate for ICBW?
3 years
Which industry/enterprise category pays a supervision fee of P100,000.00 for CCBW?
Medium industry/enterprise
What do Imported articles in a CBMW intend for?
Exportation
What is the purpose of the Customs Bonded Manufacturing Warehouse (CBMW)?
Manufacturing imported articles for exportation
Understand the difference between Ordinary Warehouses and Customs Bonded Warehouses in terms of Customs control. Learn about the regulations and management procedures for goods stored in these warehouses.
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