Tariffs and Customs Terms E.1.54

Question 1

immunity or privilege; freedom from a charge or burden to Which others are subjected.

Answer 1

exemption

Question 2

it is an ancient rule that exemptions from taxation are construed in strictissimi juris against the taxpayer and liberally in favor of the taxing authority. Tax exemptions are looked upon with disfavor.

Answer 2

exemption from taxation

Question 3

the doctrine of exhaustion of administrative remedies simply provides that before a party litigant is allowed resort to the courts, he is required to comply with all administrative remedies available under the law. The general rule is that failure to exhaust administrative remedy provided for by law is fatal.

Answer 3

exhaustion of administrative remedies

Question 4

refers to the Customs convention on facilities for the importation of goods for display or use at exhibitions, fairs, meetings, or similar events, held in Brussels, Belgium, on June 8, 1961.

Answer 4

“Exhibitions and Fairs” conventions

Question 5

released of imported goods from Customs custody

Answer 5

exit

Question 6

customs gate or any means of egress

Answer 6

exit

Question 7

speeding up the processing of import documents and delivery of goods.

Answer 7

expediting

Question 8

comments that constitute the official interpretation of the Harmonized System (H.S.) at the international level. While these notes are found in every chapter of the System, they do not form an integral part of the H.S. convention. These must be read side by side the texts of the System and its interpretative Rules and Notes.

Answer 8

Explanatory Notes

Question 9

an instrument that detects flammable gases in tankers

Answer 9

explosimeter

Question 10

any chemical compound, mixture, or device, the primary or common purpose of which is to function by explosion with substantial instantaneous release of gas and heat.

Answer 10

explosives

Question 11

to ship or sell goods outside the country of origin.

Answer 11

export

Question 12

a Philippine agency that handles requests and inquiries on export operations, documentation, marketing, promotion, financing, raw material sourcing, product design and development, etc.

Answer 12

Export Assistance Network

Question 13

instructions relayed by the shipper to the carrier

Answer 13

Export Cargo Shipping Instructions

Question 14

are cargoes brought to a pier, wharf or bulkhead intended for shipment to a foreign port

Answer 14

export cargoes

Question 15

requirements mandated by various agencies for the export of goods.

Answer 15

export clearance

Question 16

a service of the U.S. Department of Commerce that-provides, mailing lists of prospective foreign buyers, and gives a profile of producers, distributors, retailers, and government agencies concerned, in each industry

Answer 16

Export Contact List Service

Question 17

an accepted order or offer that develops through correspondence or personal negotiations between a buyer and a seller.

Answer 17

export contract

Question 18

formerly known as Export. Commodity Classification Number, it consist of five characters that identify the category, product group. type of control; and country group level of control of every export commodity.

Answer 18

Export Control Classification Number

Question 19

developed in 1990 by the World Bank in conjunction with a working group of the International Union of Credit and Investment Insurers, it provides export credits at consensus rates to private borrowers in highly indebted countries

Answer 19

Export Credit Enhanced Leverage

Question 20

documents prescribed by the Philippine Central Bank and Customs for every export shipment. It specifies the goods being exported, their value, quantity, name of exporter, consignee, etc.

Answer 20

export declaration

Question 21

offices in Tokyo, Sydney, Seoul, Milan, London, Mexico City, and Sao Paulo, established to provide market research and export promotion to American exporters.

Answer 21

Export Development Offices

Question 22

a list of firms and organizations that also gives advice on export promotion and describes trade policy of various countries.

Answer 22

export directories

Question 23

policies that serve to deter exports, such as sanctions, export controls, and domestic and regulatory policies.

Answer 23

export disincentives government

Question 24

a duty impose on certain export products

Answer 24

export duty

Question 25

2. the amount or quantity of goods that a country exports under an international agreement.

Answer 25

export duty