Tariffs and Customs Terms CD.1.40

Question 1

they are the taxes on the importation and exportation of commodities, the tariff or tax assessed upon merchandise imported from, or exported to, a foreign country.

Answer 1

customs duties

Question 2

it gives American businessmen free information of latest Customs rulings, imposition on commodity quotas, currency conversion rates, valuation provisions, directives, and other Customs news.

Answer 2

Customs Electronic Bulletin Board

Question 3

a worldwide effort to make uniform all Customs practices on commodity valuation, nomenclature, and enforcement. For instance, the Customs Cooperation Council, has been working on an internationally accepted ‘harmonized commodity system since 1970.

Answer 3

Customs harmonization

Question 4

the procedures and operations involved in clearing shipments for export or import.

Answer 4

Customs formalities

Question 5

a government building or facility at a port of entry used for clearance of export and import goods, and for entry and departure of ships.

Answer 5

Customhouse

Question 6

a Customs facility where laboratory tests and chemical analysis of certain imported goods are conducted to ascertain their nature and properties, and thus impose the proper duties and taxes due there on.

Answer 6

Customs laboratory

Question 7

the term includes not only the provisions of the Tariff and Customs Code but also all other laws and regulations made pursuant thereto which subject to enforcement by the Bureau of Customs

Answer 7

Customs laws

Question 8

systems that provide Customs security formalities, like putting of seals on containers, without hindering the movement of cargoes through transit countries.

Answer 8

Customs transit systems

Question 9

territory the territory in which Customs laws apply.

Answer 9

Customs territory

Question 10

a group of nations formed to eliminate tariffs and trade goods and to impose common external tariffs on goods imported from countries outside the Union. The European Common Market is a classic example.

Answer 10

Customs Union

Question 11

Code formally known as the Agreement on Implementation on Article VII of the General Agreement on Tariffs and Trade, this Code provides a fair, uniform and neutral system of valuation based on the transaction value, and precludes the use of. arbitrary or fictitious values.

Answer 11

Customs Valuation Code

Question 12

the area beyond the fence or gate of a Special Economic Zone, where duties and taxes must be paid on a shipment being released therefrom.

Question 13

to Container Freight Station also known as house to pier, a container language which means that The exporter or forwarder delivers the shipment to the carrier’s loading berth or terminal as fully loaded container. At the port of destination, the shipment is unpacked by the carrier at its discharging depot or Container Freight Station. The-consignee later collects the shipment at the said depot.

Answer 13

Container Yard

Question 14

also known as house to house, a container language which means that the exporter or forwarder delivers the shipment to the carrier’s loading berth or terminal as fully-loaded container. Then, the shipment is unpacked by the consignee at the port of destination.

Answer 14

Container yard to Container Yard

Question 15

a regional trade arrangement among the Czech Republic, Slovakia, Hungary, and Poland

Answer 15

Czech Republic-Slovak Republic-Hungary-Poland (1992)

Question 16

a symbol in a manifest indicating a 20-foot container.

Answer 16

D20

Question 17

a symbol in a manifest indicating a 40-foot container.

Answer 17

D40

Question 18

a symbol in a manifest indicating a 45-foot container.

Answer 18

D45

Question 19

a symbol in a manifest indicating a 48-foot container.

Answer 19

D48

Question 20

a subsidy program of the U.S. Department of Agriculture that pays American exporters in cash, so they can export dairy products at lower prices and compete with other suppliers.

Answer 20

Dairy Export Incentive Program

Question 21

the word “damage” that may arise from quasi-delict on culpa aquiliana comprehends all damages that a human being may suffer in any and all the manifestations of his life: physical or material, moral or psychological, mental or spiritual, financial, economic, social, political and religious.

Answer 21

damage

Question 22

a form used to record physical damage on goods, containers, etc.

Answer 22

damage report

Question 23

the recovery of damages, there must be both a right of action for a legal wrong inflicted by defendant, and damage resulting to the plaintiff therefrom. Wrong without damage, or damage without wrong, does not constitute a cause of action, since damages are merely part of the remedy allowed for the injury caused by a breach or wrong.

Answer 23

damages to warrant

Question 24

are cargoes that posses threat for destruction and hazard. Hazardous cargoes that prolonged stay of which in the port will endanger the health on the port workers and or imperil the safety of port facilities.

Answer 24

dangerous cargo

Question 25

refer to prohibited drugs or to regulated drugs, which are subject to the provisions of Republic Aét No. 6425, as amended.

Answer 25

dangerous drugs