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Post Clearance Audit System in the Philippines

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Post Clearance Audit System in the Philippines

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Questions and Answers

Which Act established the post clearance audit system in the Philippines?

Republic Act No. 10862

Republic Act No. 10864

Republic Act No. 10863 (correct)

Republic Act No. 10861

What is the purpose of the Post Clearance Audit?

To implement trade facilitation and revenue collection

To refocus customs controls from the border to post clearance verification (correct)

To establish the Bureau of Customs (BOC)

To comply with the World Trade Organization Customs Valuation Agreement (WTO-CVA)

Which organization's commitment led to the implementation of the Post Clearance Audit in the Philippines?

International Monetary Fund

World Trade Organization (correct)

United Nations

World Bank

What is the name of the group created under the Bureau of Customs to implement PCA laws, rules, and regulations?

<p>Post Clearance Audit Group</p> Signup and view all the answers

What program was introduced and implemented to enhance the Post Clearance Audit?

<p>Prior Disclosure Program (PDP)</p> Signup and view all the answers

Study Notes

Post Clearance Audit in the Philippines

The Customs Modernization and Tariff Act (CMTA) established the post clearance audit system in the Philippines.

Purpose of Post Clearance Audit

The purpose of the Post Clearance Audit is to verify the accuracy of declarations and ensure compliance with customs laws, rules, and regulations.

Implementation of Post Clearance Audit

The commitment of the World Trade Organization (WTO) led to the implementation of the Post Clearance Audit in the Philippines.

Post Clearance Audit Group

The Post Clearance Audit Group (PCAG) was created under the Bureau of Customs to implement PCA laws, rules, and regulations.

Enhancing Post Clearance Audit

The Remote Post Clearance Audit (RPCA) program was introduced and implemented to enhance the Post Clearance Audit.

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Description

Test your knowledge on the Post Clearance Audit system established by Republic Act No. 10863 in the Philippines. Learn about the best customs practices in the world and the country's commitment to modernizing customs and tariff administration.