CFW Customs Warehouse Application Process Quiz and Flashcards

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Questions and Answers

What is the first step to establish a Customs Bonded Warehouse (CBW) or Customs Foreign Warehouse (CFW)?

File an application with the District Collector describing the premises, location, capacity, and purpose of the warehouse. (correct)

Pay the annual supervision fee prior to submitting the application.

Seek approval from the Commissioner before applying for the establishment of the warehouse.

Visit the warehouse location with the District Collector to assess its suitability.

Who has the authority to authorize the establishment of customs warehouses?

District Collector

Minister of Finance

Commissioner (correct)

Customs Officer

What is a requirement for operating a CBW or CFW according to CAO No. 13-2019?

Submission of monthly reports to the District Collector.

Approval from the warehouse operator association.

Payment of an annual supervision fee determined by the Commissioner. (correct)

Filing an annual application with the Ministry of Commerce.

What action does the District Collector take upon receiving an application for a customs warehouse?

Examine the location, construction, and storage facilities of the proposed warehouse. Signup and view all the answers

In what circumstances can a CBW operator be accredited as a client-exporter of an existing warehouse?

By submitting an application for accreditation to the District Collector. Signup and view all the answers

What is one responsibility of the operator of a CBW or CFW after authorization is granted?

To maintain and pay an annual supervision fee determined by the Commissioner. Signup and view all the answers

Which document is required for renewal of Authority to Operate CBW?

Certified True Copy of Mayor's Permit Signup and view all the answers

Who evaluates and reviews the documents submitted for the renewal application of Authority to Operate CBW?

The District Collector of the Port Signup and view all the answers

What happens if the application for renewal of Authority to Operate CBW is not filed within the prescribed period?

Revocation of Authority to Operate Signup and view all the answers

What is required for renewal if there are sub-contractors involved with the CBW?

Joint application supported by all requirements complied by each entity Signup and view all the answers

Which document is NOT required for renewal of Authority to Operate CBW?

Certificate of Accreditation as importer Signup and view all the answers

In case of late filing of the renewal application, what form may the penalties take?

Fines, suspension, or revocation of Authority to Operate Signup and view all the answers

Study Notes

Application for Customs Warehouse

Application for establishment of Customs Bonded Warehouse (CBW) and Customs Warehousing Facility (CFW) should be filed with the District Collector where the warehouse is located.
The application should describe the premises, location, capacity, and purpose of the warehouse.

Evaluation of the Application

The District Collector examines the premises, particularly its location, construction, and storage facilities.
The District Collector, with the Commissioner's approval, may authorize the establishment of customs warehouses and accept the required security for its operation and maintenance.

Fees and Charges

The operator of CBW and CFW shall pay an annual supervision fee, as determined by the Commissioner.

Documentary Requirements

For new applications, the following documents are required:
- BOC Certificate of Accreditation as importer
- Certified True Copy of Articles of Incorporation or Articles of Partnership, and by-laws
- Department of Trade and Industry (DTI) Certificate of Business Registration for sole proprietorship
- Certified True Copy of Mayor's Permit
- Barangay Clearance
- Certificate of Bureau of Internal Revenue (BIR) Registration
- Income Tax Return (ITR) and Latest Audited Financial Statements, if applicable
- Lease contract or certificate of title to the real property
- Warehouse location or vicinity map
- Warehouse layout showing floor plan, storage areas, production area, office spaces, and physical security features
- List of machineries and equipment
- Feasibility study
- List of materials to be imported
- Formula of Manufacture or Conversion, if applicable

Requirements for Renewal

The application for renewal of Authority to Operate CBW shall be supported by the following documents:
- Certified Copy of Amended Articles of Incorporation or Articles of Partnership, and by-laws, if applicable
- Updated General Information Sheet (GIS)
- Certified True Copy of Mayor's Permit
- Barangay Clearance
- Income Tax Return (ITR) and Latest Audited Financial Statement, if applicable
- Copy of the certificate of title to the real property or renewal of lease contract
- Warehouse location or vicinity map
- Updated list of machineries and equipment, if applicable
- Updated list of materials to be imported
- Formula of Manufacture, if applicable
- Affidavit of change of circumstances with supporting documents

Late Filing of Application for Renewal

Non-filing within the prescribed period may cause the imposition of penalties, such as fines, suspension, or revocation of the Authority to Operate.

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Description

Learn about the application process for establishing a Customs Bonded Warehouse (CBW) and Customs Free Warehouse (CFW), including the requirements for describing the premises, location, capacity, and purpose. Understand the role of the District Collector and Commissioner in examining and approving warehouse applications.

Customs Warehouse Application Process