Bahamas Customs Brokerage Training Questions with Correct Answers
Question 1:
Why a New Customs Management Act?
Answer:
To meet the obligations contained in the Economic Partnership Agreement (EPA) signed by The
Bahamas in October 2008.
Question 2:
A scheme to create a free trade area among member states.
Answer:
Economic Partnership Agreement (E.P.A).
Question 3:
The Bahamas does not have membership with?
Answer:
World Trade Organization (W.T.O).
Question 4:
Which agreement refers to Rules of Origin and Preferential Tariff?
Answer:
Economic Partnership Agreement (E.P.A).
Question 5:
The Bahamas has only observatory status with?
Answer:
World Trade Organization (W.T.O).
Question 6:
Name three (3) powers of the Comptroller.
Answer:
(i) Responsible for the general management and administration of the Customs authority
,Exercise powers and perform the duties of the Minister under the Act
Prescribe rules for designating Customs controlled areas.
Question 7:
Name six (6) powers of a Customs Officer.
Answer:
(i) Board any means of transport Search any means of transport Detain any means of transport
Question 8:
A. Give the names and uses of the following forms
C. 1
Answer:
- Attendance Request - An application for the attendance of Customs Officers at any place
where Customs Officers do not normally attend.
- Report Inwards of Vessels
C.7 - Aircraft General Declaration
C.5A - Declaration of Consumable Stores On Board Aircraft
C.38 - Transire
C.36 - Certificate of Clearance of Vessel
Question 9:
Name two (2) places the Minister designates as Custom Places.
Answer:
Customs Airports
Question 10:
Customs Ports Give the name and color of the flag that is flown when ships enter The Bahamas.
Quarantine Flag - Yellow Give the name of the form that is given to the Customs authority to
determine the health conditions of persons on board the vessel.
Answer:
Maritime Health Declaration
Question 11:
A. The Customs Management Act outlines four (4) ways goods shall be entered. Name any
three. (i)
, C. 13 - Home Consumption Entry
Answer:
C.38 - Transire
Question 12:
Your client imported a shipment of TVs arriving via Air Freight, designated for Cuba. How should
those goods be entered.
Answer:
C.35 - Transshipment Entry
Question 13:
The time allotted for goods to remain in Gladstone Freight Terminal before the goods are sent
to the Customs Warehouse shall be?
Answer:
Five (5) days excluding Sundays and Public Holidays.
There are six (6) principles of the W.T.O. Valuation Agreement, which dictates the way goods
are to be valued.
Question 14:
1. Transactional Value on Price Actually Paid or Payable (PAPP)
Identical Goods Similar Deductive Value Computed Value Fall Back Method
Answer:
(a) Name three (3) of these principles.
Question 15:
The concept of Deductive Value.
Answer:
Deductive Value concept is based on sampling at least three domesticated business houses
involved in the import and sale of an identical product, and determining which of those local
companies would have sold the aggregate amount of that product on a given day. The company
which fulfilled that requirement, will then be used to cause deductions to be made on the
individual unit price. Such deductions would include all expenses involved from getting the
goods off the docks up to the point of sale, inclusive of profit margins. After such deductions,
the unit price is determined.
Question 1:
Why a New Customs Management Act?
Answer:
To meet the obligations contained in the Economic Partnership Agreement (EPA) signed by The
Bahamas in October 2008.
Question 2:
A scheme to create a free trade area among member states.
Answer:
Economic Partnership Agreement (E.P.A).
Question 3:
The Bahamas does not have membership with?
Answer:
World Trade Organization (W.T.O).
Question 4:
Which agreement refers to Rules of Origin and Preferential Tariff?
Answer:
Economic Partnership Agreement (E.P.A).
Question 5:
The Bahamas has only observatory status with?
Answer:
World Trade Organization (W.T.O).
Question 6:
Name three (3) powers of the Comptroller.
Answer:
(i) Responsible for the general management and administration of the Customs authority
,Exercise powers and perform the duties of the Minister under the Act
Prescribe rules for designating Customs controlled areas.
Question 7:
Name six (6) powers of a Customs Officer.
Answer:
(i) Board any means of transport Search any means of transport Detain any means of transport
Question 8:
A. Give the names and uses of the following forms
C. 1
Answer:
- Attendance Request - An application for the attendance of Customs Officers at any place
where Customs Officers do not normally attend.
- Report Inwards of Vessels
C.7 - Aircraft General Declaration
C.5A - Declaration of Consumable Stores On Board Aircraft
C.38 - Transire
C.36 - Certificate of Clearance of Vessel
Question 9:
Name two (2) places the Minister designates as Custom Places.
Answer:
Customs Airports
Question 10:
Customs Ports Give the name and color of the flag that is flown when ships enter The Bahamas.
Quarantine Flag - Yellow Give the name of the form that is given to the Customs authority to
determine the health conditions of persons on board the vessel.
Answer:
Maritime Health Declaration
Question 11:
A. The Customs Management Act outlines four (4) ways goods shall be entered. Name any
three. (i)
, C. 13 - Home Consumption Entry
Answer:
C.38 - Transire
Question 12:
Your client imported a shipment of TVs arriving via Air Freight, designated for Cuba. How should
those goods be entered.
Answer:
C.35 - Transshipment Entry
Question 13:
The time allotted for goods to remain in Gladstone Freight Terminal before the goods are sent
to the Customs Warehouse shall be?
Answer:
Five (5) days excluding Sundays and Public Holidays.
There are six (6) principles of the W.T.O. Valuation Agreement, which dictates the way goods
are to be valued.
Question 14:
1. Transactional Value on Price Actually Paid or Payable (PAPP)
Identical Goods Similar Deductive Value Computed Value Fall Back Method
Answer:
(a) Name three (3) of these principles.
Question 15:
The concept of Deductive Value.
Answer:
Deductive Value concept is based on sampling at least three domesticated business houses
involved in the import and sale of an identical product, and determining which of those local
companies would have sold the aggregate amount of that product on a given day. The company
which fulfilled that requirement, will then be used to cause deductions to be made on the
individual unit price. Such deductions would include all expenses involved from getting the
goods off the docks up to the point of sale, inclusive of profit margins. After such deductions,
the unit price is determined.
