Customs Transit in the Customs Territory
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Questions and Answers

What is the requirement for goods admitted for storage in a customs bonded warehouse or for outright exportation at the port of destination or inland customs office in terms of duties and taxes?

  • They are exempt from the payment of duties and taxes at the port of entry. (correct)
  • They must pay duties and taxes at the port of discharge.
  • They are subject to the payment of duties and taxes at the port of entry.
  • They are exempt from all duties but must pay taxes at the port of entry.
  • What is the time limit for goods admitted for transshipment to be exported from the Philippines?

  • 30 days (correct)
  • 15 days
  • 25 days
  • 20 days
  • Under what condition may the Commissioner allow an extension of the 30-day export period for goods admitted for transshipment?

  • Only upon payment of an extension fee.
  • After valid reasons have been established. (correct)
  • Only if all duties and taxes have been paid in advance.
  • No extensions are allowed under any circumstances.
  • Which type of goods intended for transit covered by Republic Act No. 10668 are exempt from the payment of duties and taxes at the port of entry?

    <p>Goods admitted for storage in a customs bonded warehouse</p> Signup and view all the answers

    What happens to goods intended for consumption and other goods intended for customs transit not covered by Republic Act No. 10668?

    <p>They must pay duties and taxes at the port of entry.</p> Signup and view all the answers

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