Customs Modernization and Tariff Act (CMTA) Section 1608 Quiz
12 Questions
38 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Who has the authority to change the level and form of import duties according to Section 1608 of the CMTA?

  • Customs brokers
  • Tariff Commission
  • President (correct)
  • National Economic and Development Authority
  • What is the purpose of a Section 1608 petition for tariff modification?

  • To establish new import quotas
  • To increase the fees paid by importers
  • To change the level and form of import duties (correct)
  • To impose an additional duty on exports
  • Who reviews and approves the findings and recommendations submitted by the Tariff Commission?

  • Importers
  • Domestic manufacturers
  • National Economic and Development Authority (correct)
  • Tariff and Related Matters Technical Committee
  • What role does the Tariff and Related Matters Technical Committee play in the Section 1608 petition process?

    <p>Deliberating on findings and recommendations</p> Signup and view all the answers

    What document is required for a petitioner to file a Section 1608 petition for tariff modification?

    <p>TC Form 3 - Request for Tariff Modification</p> Signup and view all the answers

    What happens after the Tariff Commission submits its findings and recommendations to NEDA?

    <p>NEDA Board prepares the implementing Executive Order</p> Signup and view all the answers

    What fee is collected per tariff heading, per petitioner prior to the conduct of public hearing under Section 1608?

    <p>Filing Fee of Five Thousand Pesos</p> Signup and view all the answers

    How is a petitioner's share in the publication cost of TC's Notice of Public Hearing determined?

    <p>Based on the number of products petitioned for tariff modification and subject of the public hearing</p> Signup and view all the answers

    When does the Commission submit its report of findings and recommendations to NEDA after the termination of a public hearing under Section 1608?

    <p>Within thirty (30) days</p> Signup and view all the answers

    Where can the step-by-step procedure for filing a petition for tariff modification under Section 1608 be found?

    <p>TC Citizen's Charter on the Commission’s website</p> Signup and view all the answers

    What is the purpose of collecting a Legal Research Fund Fee under Section 1608?

    <p>To support legal research activities related to tariff modifications</p> Signup and view all the answers

    What fee do petitioners share in along with the publication cost of TC's Notice of Public Hearing?

    <p>$50.00 per tariff heading</p> Signup and view all the answers

    Study Notes

    Section 1608 of the Customs Modernization and Tariff Act (CMTA)

    • Provides the legal basis for the President to change import duties, impose import quotas or bans, and levy additional duties on imports.

    Filing a Section 1608 Petition for Tariff Modification

    • Any interested party, including domestic manufacturers, importers, exporters, customs brokers, and government agencies, can file a petition.
    • The Tariff Commission (TC) conducts investigations and public hearings for petitions received.
    • Findings and recommendations are submitted to the National Economic and Development Authority (NEDA).
    • Final approval is granted by the NEDA Board, followed by the preparation of an implementing Executive Order by the TC.

    Procedure for Filing a Section 1608 Petition

    • Petitioners must accomplish TC Form 3 (Request for Tariff Modification), available on the TC website.
    • The form can be downloaded from the TC website or obtained from the TC office.

    Fees for Section 1608 Petitions

    • A Filing Fee of Five Thousand Pesos (P5,000.00) per tariff heading, per petitioner, is collected prior to the public hearing.
    • A Legal Research Fund Fee of Fifty Pesos (P50.00) per tariff heading is also collected.
    • Petitioners share the publication cost of the TC's Notice of Public Hearing.

    Timetable for Completion of a Section 1608 Investigation

    • The TC completes its investigation and submits its report of findings and recommendations to NEDA within thirty (30) days after the termination of the public hearing.

    Filing a Petition for Tariff Modification under Section 1608

    • The checklist of requirements and the step-by-step procedure can be found in the TC Citizen's Charter on the Commission's website.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    Test your knowledge about Section 1608 of the Customs Modernization and Tariff Act (CMTA), which grants the President the authority to modify import duties, impose quotas, bans, or additional duties. Learn about who can file a Section 1608 petition for tariff modifications.

    More Like This

    Use Quizgecko on...
    Browser
    Browser