please help no need explanation As exception to valuation…
Question Answered step-by-step please help no need explanation As exception to valuation… please help no need explanation As exception to valuation sequential rule, which of the following may be true if the importer concerned so requests?Select one:a. Apply Method Two first before Method Threeb. Apply Method Four first before Method fivec. Apply Method One First before Method Twod. Apply Method Five First before Method Four Article VII of GATT 1994 laid down the main principles of Customs Valuation and has to construe the following, except one:Select one:a. It should be real and based on the actual value of the goodsb. It should also derive from a sale or offer of sale in the ordinary course of businessc. Customs value should be arbitrary, fictitious or based on value of indigenous goodsd. If the value is not ascertainable the CV should be based on the nearest ascertainable equivalent of such value Which of the following must not be added to the price actually paid or payable even if they are distinguished from the invoice issued by the supplier?Select one:a. Customs Broker’s fee paid to Mr. Garcia, a LCBb. Cost of crafting to make products suitable for export to the Philippinesc. Trucking charges from Port of Manila to importer’s warehouse in Laguna.d. Consulting fee to lay-out machineries imported at the importer’s factory Which is not considered as a mandatory addition to price actually paid or payable for purposes of computing dutiable value?Select one:a. Inland expenses incurred at the port of loadingb. Trucking cost from Port of Manila to Pasigc. Crafting expenses at the port of loadingd. Amount remitted to foreign supplier representing 5% of the selling price of the imported articles in Manila as per agreement Is a procedure applied to determine the dutiable value of the goods, then multiplied by an ad valorem rate of duty in order to arrive at the amount of duty payable on imported goods.Select one:a. Transaction Valueb. WTO Valuation Agreementc. Customs Valuationd. Customs Value Which of the following is not an element in the definition of identical goods?Select one:a. Goods with different color but the same in all aspectb. Produced in the same country as the goods being valuedc. The goods should have been imported by the same persond. Produced by the producer of the goods being valued The dutiable value must include which of the following charges or cost, even if they are distinguished from the price actually paid or payable?Select one:a. Duties and taxes in the Philippinesb. Cost of plant erection in the Philippinesc. Ocean Freightd. Trucking cost from the pier to warehouse of consignee Which of the following affects the determination of price actually paid or payable for purposes of computing dutiable value?Select one:a. Retrospective discountb. Dividend paymentc. Market research expenses of importerd. Issuance letter of credit interest payment WTO member country, its national laws on Customs Valuation have to be based on the ff. WTO instruments except:Select one:a. None of the Choicesb. the agreement on implementation of Article VII of GATT 1994c. Article VII of GATTd. the Uruguay Round Ministerial Decisions Regarding Cases Business COMM 315 Share QuestionEmailCopy link Comments (0)
