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Questions and Answers
What is the purpose of the ICT-enabled inventory and liquidation system in CBWs?
What is the purpose of the ICT-enabled inventory and liquidation system in CBWs?
- To adopt a coding system acceptable to the Bureau
- To keep track of all goods delivered to and withdrawn from a CBW (correct)
- To submit a stock inventory report at the end of every calendar year
- To establish and maintain a computer-based AIMS for bonded goods
What is the consequence of not submitting a stock inventory report at the end of every calendar year?
What is the consequence of not submitting a stock inventory report at the end of every calendar year?
- The Bureau will conduct an investigation on the CBW operator
- The CBW operator will be required to submit a report monthly
- The suspension or cessation of operations of the CBW may occur (correct)
- A fine will be imposed on the CBW operator
What is the purpose of the coding system adopted by CBW operators?
What is the purpose of the coding system adopted by CBW operators?
- To submit a stock inventory report at the end of every calendar year
- To identify and track goods entered for warehousing and withdrawn for export from CBW compartments (correct)
- To establish and maintain a computer-based AIMS for bonded goods
- To keep track of all goods delivered to and withdrawn from a CBW
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