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Questions and Answers
The Alert order is issued after the actual release of goods from customs authority.
The Alert order is issued after the actual release of goods from customs authority.
False
The Authority to operate is granted by the bureau to establish and operate a CBW.
The Authority to operate is granted by the bureau to establish and operate a CBW.
True
Certificate of authority to transfer refers to a document issued by the Bureau allowing the sale of finished products.
Certificate of authority to transfer refers to a document issued by the Bureau allowing the sale of finished products.
False
Certificate of importer Accreditation is issued to any individual or organization.
Certificate of importer Accreditation is issued to any individual or organization.
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Certificate of identification (CI) certifies that the finished product is from any random warehouse entry.
Certificate of identification (CI) certifies that the finished product is from any random warehouse entry.
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Certificate of inspection and loading certifies the conduct of inspection over cargo for import and unloading from the importing carrier.
Certificate of inspection and loading certifies the conduct of inspection over cargo for import and unloading from the importing carrier.
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Client Exporter is a person engaged in the import of products utilizing raw materials for domestic consumption.
Client Exporter is a person engaged in the import of products utilizing raw materials for domestic consumption.
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A Customs bonded warehouse is licensed to store goods without payment of duties and taxes underbond.
A Customs bonded warehouse is licensed to store goods without payment of duties and taxes underbond.
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Diversion refers to the act of bringing bonded articles to their intended destination without prior authorization from the bureau.
Diversion refers to the act of bringing bonded articles to their intended destination without prior authorization from the bureau.
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Entry involves the act, documentation, and process of exporting goods out of the Philippine territory.
Entry involves the act, documentation, and process of exporting goods out of the Philippine territory.
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An Extension Warehouse is a separate facility granted by the bureau to enhance capacity and efficiency for a current Customs bonded warehouse operator.
An Extension Warehouse is a separate facility granted by the bureau to enhance capacity and efficiency for a current Customs bonded warehouse operator.
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Goods Declaration is a statement indicating the procedure for the entry or admission of imported goods, prescribed by appropriate agencies.
Goods Declaration is a statement indicating the procedure for the entry or admission of imported goods, prescribed by appropriate agencies.
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Study Notes
Definitions and Terminologies
- A Client Exporter is a person who manufactures products using raw materials, accessories, and packaging materials for export or storage for authorized end users and clients.
- A Customs Bonded Warehouse (CBW) is a facility licensed by the bureau to import, receive, and store goods without paying duties and taxes, under bond, for manufacture into finished products for export or storage.
- Customs Premises refer to facilities, warehouses, ports, airports, wharves, infrastructure, and other premises over which the bureau has exclusive control, direction, and management for customs purposes.
- Customs Territory refers to areas in the Philippines where customs and tariff laws may be enforced.
- Diversion refers to the act of bringing bonded articles to a place other than their intended destination without prior authority from the bureau.
- An Entry refers to the act, documentation, and process of bringing imported goods into customs territory, including goods coming from free zones.
- Exportation refers to the act, documentation, and process of bringing goods out of the Philippine territory.
- An Extension Warehouse is a separate CBW facility granted by the bureau to an already authorized CBW operator to optimize capacity and efficiency in its operation.
- A Free Zone refers to a special economic zone registered with the Philippine Economic Zone Authority (PEZA) or other duly chartered or legislated special economic zones and free ports.
- A Formula of Manufacture refers to the formula of conversion issued by a duly authorized government institution to its CBW operator, determining the raw material usage and wattages of a particular finish product for export and subsequent liquidation.
- Goods refer to articles, ware, merchandise, and other items subject to importation and exportation.
- A Goods Declaration refers to a statement made in the manner prescribed by the bureau and other appropriate agencies, indicating the procedure to be observed in the application for the entry or admission of imported goods.
- Importation refers to the act of bringing goods from a foreign country into Philippine territory.
Customs Documents and Authorities
- An Alert Order is a written issue by the Commissioner, District Collector, or other customs officer authorized in writing by the Commissioner, after the lodgement of a goods declaration and before their actual release from customs authority.
- Authority to Operate refers to the authority given by the bureau to a person, natural or juridical, to establish and operate a CBW.
- Authority to Transfer refers to the document issued by the District Collector to a CBW, allowing the transfer or sale of imported raw materials, semi-finished products, or finished products.
- A Certificate of Authority to Operate is a document issued by the Bureau to operate, natural or juridical, to establish and operate a CBW.
- A Certificate of Identification (CI) is a document certifying that the finished product is from a particular warehouse entry.
- A Certificate of Importer Accreditation is a document issued by the bureau to an entity registered as an importer and recognized as electronically lodging goods declarations in the Bureau's existing registration system.
- A Certificate of Inspection and Loading (CIL) is a document issued by the Bureau, certifying the conduct of inspection over the cargo for export and its actual loading on the exporting carrier.
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Description
Test your knowledge on customs procedures with questions related to alert orders, authority to operate, and authority to transfer in the context of goods declaration and release from customs. Find out more about the documents required and permissions needed for operating a Customs Bonded Warehouse (CBW).
