CDP Mock Board Exam Study Guide: Certified Dietary Manager Review
Manufacturing Customs Bonded Warehouse - ANS ✔✔A warehouse facility established for the
manufacture of products utilizing raw materials or components that are imported duty and tax
free conditioned on the exportation of the finished products within the prescribed period.
30% - ANS ✔✔Raw materials entered for consumption in MCBW shall not exceed ______ of the
volume of raw materials entered for warehousing.
Tentative Assessment of Provisional Goods Declaration - ANS ✔✔shall refer to assessment of a
Provisional Goods declaration pending final readjustment and submission by the declarant of
the additional or documentation required to complete the declaration
False. Under CAO 1, 2021, any party required to provide security to guaranty the payment of
duties and taxes and other obligations shall have the OPTION to choose from any of the
following forms of security stated in the order. - ANS ✔✔Yes or No.
The district collector instructed the party concerned to post this specific security to guarantee
the payment of duties and taxes and other obligations. Is the district collector correct?
True - ANS ✔✔True or False.
The required amount of security shall be the lowest possible and shall not exceed the imposable
duties, taxes and other charges
Raw Material Liquidation System (RMLS) - ANS ✔✔Shall refer to an automated system to be
adopted and utilized by the bureau in determining the volume and value of the raw materials
exported and subject for liquidation, including duties and taxes due on allowable
residues/wastages/by-products and other portion of the imported articles, entered through
warehousing, no longer usable for the manufacture of the goods to be exported
,District Collector; Commissioner - ANS ✔✔When the business of the port and trade requires
such facilities, the ____________, subject to the approval of _____________ shall designate
and establish customs warehouses for the storage of imported goods or for other special
purposes
Bureau or Commissioner - ANS ✔✔Who is responsible for the licensing of of all CBWs?
District Collector - ANS ✔✔CBWs, including their expansion, extensions and additional facilities
and the goods stored thereat, shall be subject to the supervision of?
No. - ANS ✔✔Yes or No
Is the bureau liable for any loss or damage of the goods stored in any CBW?
MCBW
MMBW
GTMBW
CCBW
ICBW
NCBW - ANS ✔✔What are the types of CBW
Private Customs Bonded Warehouse - ANS ✔✔An example of NCBW which are authorized by
the bureau to import, receive and store goods for their own accounts intended for domestic
consumption
Tax Exemption Indorsement - ANS ✔✔Refer to an indorsement from the Revenue Office of the
DOF evidencing exemption of a particular importer from payment of duties and taxes on his
importation
, Department of Budget and Management - ANS ✔✔In case of deferred payment, where shall the
concerned party comply with the pertinent regulations?
Consignee
Holder of the AWB/BL
Underwriters
Salvors - ANS ✔✔Who shall be deemed owner of the goods?
SAD Print-Out
Revised SDV
Duly endorsed AWB/BL
Commercial invoice
Packing List
Documents as may be required by the bureau - ANS ✔✔What are the documents required for
goods entered for consumption through Formal Entry Process?
Proof or payment
sales contract
purchase order
proforma invoice
other docs to prove transaction value - ANS ✔✔What are the documents required to prove
transaction value of goods entered for consumption through formal entry process?
Formal Entry Division - ANS ✔✔To where shall the documentary requirements for goods for
consumption for formal entry process be submitted?
Manufacturing Customs Bonded Warehouse - ANS ✔✔A warehouse facility established for the
manufacture of products utilizing raw materials or components that are imported duty and tax
free conditioned on the exportation of the finished products within the prescribed period.
30% - ANS ✔✔Raw materials entered for consumption in MCBW shall not exceed ______ of the
volume of raw materials entered for warehousing.
Tentative Assessment of Provisional Goods Declaration - ANS ✔✔shall refer to assessment of a
Provisional Goods declaration pending final readjustment and submission by the declarant of
the additional or documentation required to complete the declaration
False. Under CAO 1, 2021, any party required to provide security to guaranty the payment of
duties and taxes and other obligations shall have the OPTION to choose from any of the
following forms of security stated in the order. - ANS ✔✔Yes or No.
The district collector instructed the party concerned to post this specific security to guarantee
the payment of duties and taxes and other obligations. Is the district collector correct?
True - ANS ✔✔True or False.
The required amount of security shall be the lowest possible and shall not exceed the imposable
duties, taxes and other charges
Raw Material Liquidation System (RMLS) - ANS ✔✔Shall refer to an automated system to be
adopted and utilized by the bureau in determining the volume and value of the raw materials
exported and subject for liquidation, including duties and taxes due on allowable
residues/wastages/by-products and other portion of the imported articles, entered through
warehousing, no longer usable for the manufacture of the goods to be exported
,District Collector; Commissioner - ANS ✔✔When the business of the port and trade requires
such facilities, the ____________, subject to the approval of _____________ shall designate
and establish customs warehouses for the storage of imported goods or for other special
purposes
Bureau or Commissioner - ANS ✔✔Who is responsible for the licensing of of all CBWs?
District Collector - ANS ✔✔CBWs, including their expansion, extensions and additional facilities
and the goods stored thereat, shall be subject to the supervision of?
No. - ANS ✔✔Yes or No
Is the bureau liable for any loss or damage of the goods stored in any CBW?
MCBW
MMBW
GTMBW
CCBW
ICBW
NCBW - ANS ✔✔What are the types of CBW
Private Customs Bonded Warehouse - ANS ✔✔An example of NCBW which are authorized by
the bureau to import, receive and store goods for their own accounts intended for domestic
consumption
Tax Exemption Indorsement - ANS ✔✔Refer to an indorsement from the Revenue Office of the
DOF evidencing exemption of a particular importer from payment of duties and taxes on his
importation
, Department of Budget and Management - ANS ✔✔In case of deferred payment, where shall the
concerned party comply with the pertinent regulations?
Consignee
Holder of the AWB/BL
Underwriters
Salvors - ANS ✔✔Who shall be deemed owner of the goods?
SAD Print-Out
Revised SDV
Duly endorsed AWB/BL
Commercial invoice
Packing List
Documents as may be required by the bureau - ANS ✔✔What are the documents required for
goods entered for consumption through Formal Entry Process?
Proof or payment
sales contract
purchase order
proforma invoice
other docs to prove transaction value - ANS ✔✔What are the documents required to prove
transaction value of goods entered for consumption through formal entry process?
Formal Entry Division - ANS ✔✔To where shall the documentary requirements for goods for
consumption for formal entry process be submitted?
