CDP- MOCKBOARD Final
Exam fully solved & updated
(latest version verified for
accuracy)
Graded A+
QUESTIONS AND ANSWERS
Raw materials entered for consumption shall not exceed ______ nay be allowed by the
bureau under the meritorious circumstances. ANSWER -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. ANSWER -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. ANSWER -True
The secretary of finance may create or dissolve certain types of warehouses subject to
consultation with the ________. ANSWER -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. ANSWER -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..
ANSWER -60 days
CBW, including its members, if applicable may import goods based on its approved
_______ as duly authorized by the bureau. ANSWER -SMRMIR
Who shall establish a CRS which shall be used to measure and assess the compliance and
performance levels of all CBWS?. ANSWER -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.. ANSWER -WCD.
(Warehouse Coordinating Division)
The authority to operate issued by _________ must be posted or displayed in conspicuous
places in offices of the CBW Operator. ANSWER -Commissioner
The ______ shall cause the final inspection of the CBW by the Warehousing Inspection
Division. ANSWER -District Collector
The _________ may reject the application at any stage of the evaluation process..
ANSWER -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. ANSWER -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. ANSWER -The District Collector
Who is the head of CBWC?. ANSWER -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. ANSWER -20
The Commissioner shall act on the application within ____ working days from receipt of
the recommendation by the CBWC. ANSWER -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. ANSWER -
Commissioner
The application for renewal of authority to operate a CBW shall be filed _________ days
before its expiration. ANSWER -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. ANSWER -Commissioner
CCBW must have a membership fee of at least ___ but not more than 30 members.
ANSWER -3
What is the projected duties and taxes does not exceed of every member ?. ANSWER -
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. ANSWER -15
The Commissioner, within __ days from receipt of motion for reconsideration, shall issue a
resolution granting the motion for reconsideration. ANSWER -20
Exam fully solved & updated
(latest version verified for
accuracy)
Graded A+
QUESTIONS AND ANSWERS
Raw materials entered for consumption shall not exceed ______ nay be allowed by the
bureau under the meritorious circumstances. ANSWER -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. ANSWER -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. ANSWER -True
The secretary of finance may create or dissolve certain types of warehouses subject to
consultation with the ________. ANSWER -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. ANSWER -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..
ANSWER -60 days
CBW, including its members, if applicable may import goods based on its approved
_______ as duly authorized by the bureau. ANSWER -SMRMIR
Who shall establish a CRS which shall be used to measure and assess the compliance and
performance levels of all CBWS?. ANSWER -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.. ANSWER -WCD.
(Warehouse Coordinating Division)
The authority to operate issued by _________ must be posted or displayed in conspicuous
places in offices of the CBW Operator. ANSWER -Commissioner
The ______ shall cause the final inspection of the CBW by the Warehousing Inspection
Division. ANSWER -District Collector
The _________ may reject the application at any stage of the evaluation process..
ANSWER -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. ANSWER -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. ANSWER -The District Collector
Who is the head of CBWC?. ANSWER -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. ANSWER -20
The Commissioner shall act on the application within ____ working days from receipt of
the recommendation by the CBWC. ANSWER -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. ANSWER -
Commissioner
The application for renewal of authority to operate a CBW shall be filed _________ days
before its expiration. ANSWER -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. ANSWER -Commissioner
CCBW must have a membership fee of at least ___ but not more than 30 members.
ANSWER -3
What is the projected duties and taxes does not exceed of every member ?. ANSWER -
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. ANSWER -15
The Commissioner, within __ days from receipt of motion for reconsideration, shall issue a
resolution granting the motion for reconsideration. ANSWER -20
