Raw materials entered for consumption shall not exceed ______ nay be allowed by the bureau
under the meritorious circumstances - correct 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 - correct 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 - correct answer ✔✔ True
The secretary of finance may create or dissolve certain types of warehouses subject to
consultation with the ________ - correct 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 -
correct 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. - correct
answer ✔✔ 60 days
CBW, including its members, if applicable may import goods based on its approved _______ as
duly authorized by the bureau - correct answer ✔✔ SMRMIR
Who shall establish a CRS which shall be used to measure and assess the compliance and
performance levels of all CBWS? - correct 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. - correct 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 - correct answer ✔✔ Commissioner
The ______ shall cause the final inspection of the CBW by the Warehousing Inspection Division -
correct answer ✔✔ District Collector
The _________ may reject the application at any stage of the evaluation process. - correct
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 -
correct 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 - correct answer ✔✔ The District Collector
Who is the head of CBWC? - correct 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 -
correct answer ✔✔ 20
The Commissioner shall act on the application within ____ working days from receipt of the
recommendation by the CBWC - correct 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 - correct answer
✔✔ Commissioner
The application for renewal of authority to operate a CBW shall be filed _________ days before
its expiration - correct 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 - correct answer ✔✔ Commissioner
CCBW must have a membership fee of at least ___ but not more than 30 members - correct
answer ✔✔ 3
What is the projected duties and taxes does not exceed of every member ? - correct 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 - correct answer ✔✔ 15
The Commissioner, within __ days from receipt of motion for reconsideration, shall issue a
resolution granting the motion for reconsideration - correct answer ✔✔ 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 - correct
answer ✔✔ 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 - correct
answer ✔✔ District Collector
A CBW operator shall likewise post a separate ______ at the port of discharge for goods for
transfer via transit goods declaration - correct answer ✔✔ GTSB
The CBW operator shall notify the _____ in advance before any actual stuffing into a container
shall be made - correct answer ✔✔ District Collector
All goods for export by the CBW shall be stuffed only upon prior examination by a customs
officer from the
_________ - correct answer ✔✔ WAD (Warehouse assessment Division)
A __________ shall be adopted and utilized to effectively monitor the liquidation of raw
materials used in the manufacture of imported goods - correct answer ✔✔ RMLS ( Raw
Materials Liquidation System)
A__________ shall be established for wastages, rejects and by-products - correct answer ✔✔
WVDB (Wastage valuation Data base)
An _______ shall be utilized to assist in the effective cancellation of bonds for the liquidation of
raw materials/goods declaration - correct answer ✔✔ ABMS
What is CCTV? - correct answer ✔✔ Closed Circuit Television Camera
The_________ shall, in consultation with the Secretary of Trade and Industry establish a
reasonable storage period limit beyond 1 year for particular bonded goods - correct answer ✔✔
Commissioner