Podcast
Questions and Answers
What is the meaning of Abatement?
What is the meaning of Abatement?
- The customs procedure for goods leaving the Philippine territory
- The reduction or diminution of duties and taxes (correct)
- The process of bringing imported goods into a free zone
- A transport document for airfreight
What is the purpose of an Airway Bill (AWB)?
What is the purpose of an Airway Bill (AWB)?
- To serve as a contract of carriage with carrier conditions (correct)
- To specify the customs procedure for goods leaving the country
- To document the admission of goods into a free zone
- To abate duties and taxes on imported goods
What occurs when goods are transported out of the Philippine territory?
What occurs when goods are transported out of the Philippine territory?
- Admission of goods into a free zone
- Abatement of duties and taxes
- Issuance of an Airway Bill
- Actual or Outright Exportation (correct)
What is Admission in the context of customs procedures?
What is Admission in the context of customs procedures?
What is not a customs procedure according to the given text?
What is not a customs procedure according to the given text?
What is the function of an Authorized Economic Operator (AEO)?
What is the function of an Authorized Economic Operator (AEO)?
What is the purpose of Conditional Importation under the Revised Kyoto Convention (RKC)?
What is the purpose of Conditional Importation under the Revised Kyoto Convention (RKC)?
Who has the right to claim delivery of goods at the port of destination based on a Bill of Lading (B/L)?
Who has the right to claim delivery of goods at the port of destination based on a Bill of Lading (B/L)?
What does the term 'Clearance' refer to in customs procedures?
What does the term 'Clearance' refer to in customs procedures?
Under what circumstances can goods be conditionally relieved from payment of import duties and taxes?
Under what circumstances can goods be conditionally relieved from payment of import duties and taxes?
Who is responsible for determining the amount of duties and taxes due on imported and exported goods?
Who is responsible for determining the amount of duties and taxes due on imported and exported goods?
What action does 'Appeal' refer to in the context presented?
What action does 'Appeal' refer to in the context presented?
Who is referred to as the 'Carrier' in customs terminology?
Who is referred to as the 'Carrier' in customs terminology?
What role does a Customs Broker play in international trade?
What role does a Customs Broker play in international trade?
What does the term 'Commission' refer to in customs procedures?
What does the term 'Commission' refer to in customs procedures?
