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CM304 Test Questions with Verified Correct Answers

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CM304 Test Questions with Verified Correct Answers

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CM304 Test Questions with Verified Correct
Answers
ALERT ORDER

shall refer to a written order issued by the

Commissioner, District Collector, or other

customs officers authorized in writing by

the Commissioner after the Lodgment of

goods declaration and before their actual

release from customs custody.

COASTWISE TRADE

shall refer to the business of

transferring either merchandise

or passengers between two

seaports in the Philippines.

COMMERCIAL QUANTITY

shall refer to the quantity for a given kind or class of articles which are in excess of what is

compatible with and commensurate to the person's normal requirements for personal use.

COMMON CARRIER

shall refer to persons, corporations, firms,

or associations engaged in the business of carrying or transporting passengers or goods or both,

, by land, water or air, for compensation, offering their services to

the public.

CONSTRUCTIVE CUSTOMS CUSTODY

shall refer to the situation where, falling short of physical seizure or possession, the Customs

Officers and the owner of the goods enter into a written agreement after the inventory to the

effect that the goods, subject of a Letter of Authority (LOA), shall not be removed or disposed of

pending disposition or resolution on the issue of whether proper payment of duties and taxes has

been made.

DECISION

shall refer to the disposition of the main forfeiture case by the District Collector or

Commissioner based on merits.

ORDER OF RELEASE

shall refer to the disposition of the main forfeiture case based on merits, which resolves that there

is no violation of the law that will warrant the Forfeiture of the seized articles, and consequently

allows the release of the articles subject of a Warrant of Seizure and Detention (WSD) without

payment of additional duties and taxes, interests, penalties and/or surcharges.

DEPUTIZED OFFICER

shall refer to officers or members of the Armed Forces of the Philippines (AFP) or other selected

national law enforcement agencies covered by a written order signed by the Commissioner of

Customs authorizing them to assist in the exercise of customs police authority, particularly the

power to search, seize, and arresting specified areas outside of customs premises.

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