CM304 Review Questions with Verified Correct
Answers
ADVANCE RULING
AN OFFICIAL WRITTEN AND BINOING RULING ISSUED BY the Commissioner of the
Bureau of Customs (BOC) which provides the Requesting Person with an assessment of: (1)
origin, or (2) treatment to be applied on a certain element of customs value, prior to an import or
export transaction for a specified period.
FEE
the non-refundable amount assessed by the Bureau to be paid by a Requesting Person to cover
the reasonable cost of the research and other services rendered for issuance of Advance Ruling.
FOREIGN EXPORTER
a natural or juridical person intending to export any goods or commodities from a foreign
country to the Philippines.
IMPORTER
a natural or juridical person intending to import any goods into the Philippines.
REQUESTING PERSON
A NAtural OR JURIDICAL PERSON who IS AN IMPORTER, foreign exporter, or his/her/its
authorized agent, who/which is requesting an Advance Ruling pursuant to this CAO.
ADVANCE RULING ON TARIFF CLASSIFICATION
, an official written decision issued by the Commission which provides the Applicant with the
appropriate tariff classification of goods under the AHTN prior to an importation or exportation.
APPLICANTS
a natural or juridical person who is an importer or exporter requesting for an Advance Ruling
pursuant to this Order
AHTN
an eight-digit commodity nomenclature adopted by the ASEAN Member States to harmonize
their tariff nomenclatures at the eight-digit level.
AHTN
It adheres to the six-digit commodity classification code of the Harmonized Commodity
Classification and Coding System of the WCO but adds two digits, with corresponding
commodity descriptions, that represent ASEAN subheadings.
AUTHORIZED REPRESENTATIVE
a natural or juridical person duly authorized by the Applicant in writing to process its application
for an Advance ruling.
FILING FEE
A non-refundable amount assessed by the Commission to be paid by the Applicant or his/her
Authorized Representative to cover the reasonable cost of service rendered for the issuance of an
Advance Ruling.
EXPORTATION
Answers
ADVANCE RULING
AN OFFICIAL WRITTEN AND BINOING RULING ISSUED BY the Commissioner of the
Bureau of Customs (BOC) which provides the Requesting Person with an assessment of: (1)
origin, or (2) treatment to be applied on a certain element of customs value, prior to an import or
export transaction for a specified period.
FEE
the non-refundable amount assessed by the Bureau to be paid by a Requesting Person to cover
the reasonable cost of the research and other services rendered for issuance of Advance Ruling.
FOREIGN EXPORTER
a natural or juridical person intending to export any goods or commodities from a foreign
country to the Philippines.
IMPORTER
a natural or juridical person intending to import any goods into the Philippines.
REQUESTING PERSON
A NAtural OR JURIDICAL PERSON who IS AN IMPORTER, foreign exporter, or his/her/its
authorized agent, who/which is requesting an Advance Ruling pursuant to this CAO.
ADVANCE RULING ON TARIFF CLASSIFICATION
, an official written decision issued by the Commission which provides the Applicant with the
appropriate tariff classification of goods under the AHTN prior to an importation or exportation.
APPLICANTS
a natural or juridical person who is an importer or exporter requesting for an Advance Ruling
pursuant to this Order
AHTN
an eight-digit commodity nomenclature adopted by the ASEAN Member States to harmonize
their tariff nomenclatures at the eight-digit level.
AHTN
It adheres to the six-digit commodity classification code of the Harmonized Commodity
Classification and Coding System of the WCO but adds two digits, with corresponding
commodity descriptions, that represent ASEAN subheadings.
AUTHORIZED REPRESENTATIVE
a natural or juridical person duly authorized by the Applicant in writing to process its application
for an Advance ruling.
FILING FEE
A non-refundable amount assessed by the Commission to be paid by the Applicant or his/her
Authorized Representative to cover the reasonable cost of service rendered for the issuance of an
Advance Ruling.
EXPORTATION
