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CDP MOCKBOARD -Exam Questions and Answers

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CDP MOCKBOARD -Exam Questions and Answers Raw materials entered for consumption shall not exceed ______ nay be allowed by the bureau under the meritorious circumstances - 30% CBWS previously granted authority to operate either as Multinational Regional Bonded Warehouse , Airlines Customs Bonded Warehouse or Airlines Catering Customs Bonded Warehouse shall be re-classified as _____ pursuant to this CAO - ICBW The authority to operate a CBW is personal to the warehouse operator and shall not be transferred or assigned for what ever reason . True or False - True

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CDP MOCKBOARD -Exam Questions and
Answers
Raw materials entered for consumption shall not exceed ______ nay be allowed
by the bureau under the meritorious circumstances - ✅✅30%


CBWS previously granted authority to operate either as Multinational Regional
Bonded Warehouse , Airlines Customs Bonded Warehouse or Airlines Catering
Customs Bonded Warehouse shall be re-classified as _____ pursuant to this CAO -
✅✅ICBW


The authority to operate a CBW is personal to the warehouse operator and shall
not be transferred or assigned for what ever reason . True or False - ✅✅True


The secretary of finance may create or dissolve certain types of warehouses
subject to consultation with the ________ - ✅✅NEDA and DTI


The privilege of exemption from payment of duties and taxes, however shall not
apply to implements, machineries, spare parts and apparatus to be used to
construct unless these supplies and spareparts are indispensably needed in the
production of finished products subject to presentation of a ________ from BOI
and the corresponding exemption from the DOF - ✅✅Certificate of
Qualification


The importer shall, within a non-extendible period of _____ days from the date of
complete and full exportation submit the complete documents required for the
liquidation of entry. - ✅✅60 days

,CBW, including its members, if applicable may import goods based on its
approved _______ as duly authorized by the bureau - ✅✅SMRMIR


Who shall establish a CRS which shall be used to measure and assess the
compliance and performance levels of all CBWS? - ✅✅Commissioner


Before the bonded warehouse shall be allowed to operate, the __________ under
the Office of the Deputy Commissioner, AOCG shall assign a warehouse number
for all CBWS including accredited member of CCBWS for all authority to operate. -
✅✅WCD. (Warehouse Coordinating Division)


The authority to operate issued by _________ must be posted or displayed in
conspicuous places in offices of the CBW Operator - ✅✅Commissioner


The ______ shall cause the final inspection of the CBW by the Warehousing
Inspection Division - ✅✅District Collector


The _________ may reject the application at any stage of the evaluation process.
- ✅✅District Collector


The District Collector shall recommend to the CBWC the approval of the
application within __ working days from the issuances of clearances and
inspection report by concerned offices - ✅✅5


In case of rejection,________ shall send a notice of rejection to the applicant
stating clearly the grounds for the rejection has ceased to exist - ✅✅The
District Collector

,Who is the head of CBWC? - ✅✅Deputy Commissioner, AOCG


The CBWC shall forward its recommendation to the Commissioner within ___
days, upon receipt of the records from the District Collector together within the
supporting documents - ✅✅20


The Commissioner shall act on the application within ____ working days from
receipt of the recommendation by the CBWC - ✅✅20


Upon approval of the CBW application, the _______ shall issue a certificate of
authority to operate CBW, which shall be conspicuously displayed at all times at
the CBW - ✅✅Commissioner


The application for renewal of authority to operate a CBW shall be filed
_________ days before its expiration - ✅✅not later than 90 days but not
earlier than 120 days before its expiration


As a general rule, any application of a CBW shall be approved by the _________ as
recommended by the District Collector - ✅✅Commissioner


CCBW must have a membership fee of at least ___ but not more than 30
members - ✅✅3


What is the projected duties and taxes does not exceed of every member ? -
✅✅300,000,000

, An applicant whose application to establish or renew a CBW was denied by the
Commissioner may file a motion for reconsideration on the denial with the
commissioner with __ days from receipt of the notice of denial - ✅✅15


The Commissioner, within __ days from receipt of motion for reconsideration,
shall issue a resolution granting the motion for reconsideration - ✅✅20


Goods for transfer to CBWS shall be subject to mandatory __________ at the port
of discharge whether covered by a warehousing goods declaration or transit
goods declaration - ✅✅Non-intrusive inspection


For goods declared and entered under the CBW Scheme, the
_________ shall require the importer to post a general warehousing bond as
security - ✅✅District Collector


A CBW operator shall likewise post a separate ______ at the port of discharge for
goods for transfer via transit goods declaration - ✅✅GTSB


The CBW operator shall notify the _____ in advance before any actual stuffing
into a container shall be made - ✅✅District Collector


All goods for export by the CBW shall be stuffed only upon prior examination by a
customs officer from the

_________ - ✅✅WAD (Warehouse assessment Division)

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