Custom Broker's mock exam questions
and answers with solutions
Advance Ruling can be made in three categories - ANSWER Tariff Matters, Valuation of Goods,
Origin of Goods
Which General Rule Of Interpretation applies to incomplete , unassembled or unfinished? -
ANSWER GRI 2a
What does TRIPS Agreement represent? - ANSWER Trade Related Intellectual Property Rights
Calculate the duty on 2 cases of Compari Bitters 57 proof(USP), 12/1 ltr, valued @ $230 -
ANSWER i) 1 Ltr
(ii) 12x1
(iii) 12x.22
(iv) 2.64x2
(v) 5.28 x 15
Six principles of the WTO Valuation Agreement - ANSWER (1)Transactional Value of Price
Actually Paid or Payable
(2) Identical Goods
(3)Similar Goods
(4)Deductive Value
(5)Computed Value
(6)Fall Back Method
Rules that Govern the classification of the Harmonized Tariff Schedule are called - ANSWER
General Rules of Interpretations
What are regimes? - ANSWER Regimes are the processes that imports and exports use to clear
shipments in and out of the country.
Four Regimes are - ANSWER Export, Temporary Export, Re-Export, Import
Name two Criteria for clearing Goods - ANSWER (1)Goods originating in a country shall be
those wholly obtained, or produced in that country.
(2)If goods are produced in more than one country , it shall be the country where the product
underwent its last major undertaking, resulting in the manufacture of a new product.
Goods shall remain in the Transit Shed for - ANSWER Five (5) days excluding Sundays and
Public Holidays
, How many General Rule for interpretations are there - ANSWER Six
Name Three General Rules of Interpretations - ANSWER (1)GRI 1 Prescribes how to classify
products at the 4 digit heading level, based on the wording of the headings and relative HS
Section/Chapter Notes
(2)GRI 2 Prescribes how to classify both incomplete, and unassembled goods.
GRI 1 - ANSWER GRI 1 prescribes how to classify products at the 4-digit Heading level,
based on the wording of the headings and the relative HS Section and Chapter Notes. : This is
the first Rule to be considered in classifying any product. Most products are classified according
to this rule.
GRI 2 - ANSWER GRI 2 prescribes how to classify both incomplete, and unassembled goods,
GRI 3 - ANSWER Resolves the potential for classification disputes or gridlock when you have a
commodity that can be classified under two or more headings of the HS. By applying the
principles governing GRI 3 the matter can be resolved in three ways - by:
a. 3 (a) Employing the most specific descriptionb. 3 (b) Classifying according to essential
character c. 3 (c) Using the last heading in numerical order.
GRI 4 - ANSWER Goods which cannot be classified in accordance with GRI 1, GRI 2(a) & (b),
GRI 3(a), (b) or [c], shall be classified under the heading appropriate to the goods to which they
are Most akin, (Similar to). Applied only if rules 1 to 3 cannot resolve the classification
GRI 5 - ANSWER This rule applies to Cases / Containers
specially shaped or fitted for the article
suitable for long-term use
presented with the article; and
of a kind normally sold therewith that do not themselves give the
whole its essential character.
GRI 6 - ANSWER All the preceding rules apply to the Sub-Heading Level.
Goods shall remain in Bonded Warehouse for: - ANSWER 2 years
Calculate the duty on 60 cases of Absolut Vodka, 40% vol,, 720/37 cl, valued
at $1,014.00. - ANSWER (i) 37/100
(ii) .37 x 720.
(iii) 266.40 x .22.
(iv) .4 x 1.75.
(v) .70 x 58.608
(vi) 41.0256 x 60
(vii) 2461.536 x 15
and answers with solutions
Advance Ruling can be made in three categories - ANSWER Tariff Matters, Valuation of Goods,
Origin of Goods
Which General Rule Of Interpretation applies to incomplete , unassembled or unfinished? -
ANSWER GRI 2a
What does TRIPS Agreement represent? - ANSWER Trade Related Intellectual Property Rights
Calculate the duty on 2 cases of Compari Bitters 57 proof(USP), 12/1 ltr, valued @ $230 -
ANSWER i) 1 Ltr
(ii) 12x1
(iii) 12x.22
(iv) 2.64x2
(v) 5.28 x 15
Six principles of the WTO Valuation Agreement - ANSWER (1)Transactional Value of Price
Actually Paid or Payable
(2) Identical Goods
(3)Similar Goods
(4)Deductive Value
(5)Computed Value
(6)Fall Back Method
Rules that Govern the classification of the Harmonized Tariff Schedule are called - ANSWER
General Rules of Interpretations
What are regimes? - ANSWER Regimes are the processes that imports and exports use to clear
shipments in and out of the country.
Four Regimes are - ANSWER Export, Temporary Export, Re-Export, Import
Name two Criteria for clearing Goods - ANSWER (1)Goods originating in a country shall be
those wholly obtained, or produced in that country.
(2)If goods are produced in more than one country , it shall be the country where the product
underwent its last major undertaking, resulting in the manufacture of a new product.
Goods shall remain in the Transit Shed for - ANSWER Five (5) days excluding Sundays and
Public Holidays
, How many General Rule for interpretations are there - ANSWER Six
Name Three General Rules of Interpretations - ANSWER (1)GRI 1 Prescribes how to classify
products at the 4 digit heading level, based on the wording of the headings and relative HS
Section/Chapter Notes
(2)GRI 2 Prescribes how to classify both incomplete, and unassembled goods.
GRI 1 - ANSWER GRI 1 prescribes how to classify products at the 4-digit Heading level,
based on the wording of the headings and the relative HS Section and Chapter Notes. : This is
the first Rule to be considered in classifying any product. Most products are classified according
to this rule.
GRI 2 - ANSWER GRI 2 prescribes how to classify both incomplete, and unassembled goods,
GRI 3 - ANSWER Resolves the potential for classification disputes or gridlock when you have a
commodity that can be classified under two or more headings of the HS. By applying the
principles governing GRI 3 the matter can be resolved in three ways - by:
a. 3 (a) Employing the most specific descriptionb. 3 (b) Classifying according to essential
character c. 3 (c) Using the last heading in numerical order.
GRI 4 - ANSWER Goods which cannot be classified in accordance with GRI 1, GRI 2(a) & (b),
GRI 3(a), (b) or [c], shall be classified under the heading appropriate to the goods to which they
are Most akin, (Similar to). Applied only if rules 1 to 3 cannot resolve the classification
GRI 5 - ANSWER This rule applies to Cases / Containers
specially shaped or fitted for the article
suitable for long-term use
presented with the article; and
of a kind normally sold therewith that do not themselves give the
whole its essential character.
GRI 6 - ANSWER All the preceding rules apply to the Sub-Heading Level.
Goods shall remain in Bonded Warehouse for: - ANSWER 2 years
Calculate the duty on 60 cases of Absolut Vodka, 40% vol,, 720/37 cl, valued
at $1,014.00. - ANSWER (i) 37/100
(ii) .37 x 720.
(iii) 266.40 x .22.
(iv) .4 x 1.75.
(v) .70 x 58.608
(vi) 41.0256 x 60
(vii) 2461.536 x 15
