Title IX - Chapter 1

19問 • 1年前

問題一覧

under sec900(c), refund/tax credit maybe granted to goods made from imported materials, if duties on such materials have already been paid. in such case, the refund/tax credit shall not exceed 99% of duties paid on the imported materials

only the second statement is false

to be identified to refund/tax credit under sec900(c) , CMTA , on goods made from imported materials, the claimant must satisfactorily establish

all of the above

to be entitled to refund/tax credit under sec900(c), CMTA, on goods made from imported materials, there should be no determination by the ___ of the requirement for certification on nonavailability of locally-produced or manufactured competitive substitutes for the imported material

NEDA

tobe entitled to refund/tax credit under sec900(c), CMTA, on goods made from imported materials, the exportation of the goods should be made within ____ after importation of materials used

1year

to be entitled to refund/tax credit under sec900(c) , CMTA, on goods made from imported materials, the claim for refund/tax credit should be filed within ___

6 months from exportation of the goods

sec900(a), CMTA grants a refund or tax credit __ for fuel used for propulsion of vessels

not exceeding 99% of the duty imposed by law

who prescribes the rules for payment/credit of the refund/tax credit under sec900(a), CMTA?

Commissioner

who approves the prescribed rules for payment/credit of the refund/tax credit under sec900(a), CMTA

secretary of Finance

refund/tax credit under sec900(a), CMTA, is granted on fuel

imported, used for propulsion of vessels engaged in trade with foreign countries or in coastwise trade

who approves the prescribed rules for payment/credit of the refund/tax credit under sec900(b) , cmta

secretary of Finance

who prescribes the rules for payment/credit of the refund/tax credit under sec900(b), CMTA

commissioner

to be eligible for refund/tax credit under sec900(b), CMTA, the crude oil should have been imported by

nonelectric utilities

to be eligible for refund/tax credit under sec900(b), CMTA, the crude oil should have been imported, and thereafter, sold to

electric utilities

under sec900(b), CMTA, crude oil maybe entitled to duty drawback, when imported, and thereafter, sold directly or indirectly. Under sec900(b), CMTA, crude oil may be entitled to duty drawback, when imported, and thereafter, sold in the same form or after processing

both statements are true

tobe eligible for refund/tax credit under sec900(b), CMTA, the crude oil should have been imported, and thereafter, sold for

generation of electric power

if eligible, sec900(b) , CMTA, grants refund/tax credit on petroleum oils, oils from bituminous minerals, and crude oil at the rate

not exceeding 50% of duty imposed by law

which among the following are requisites for refund/tax credit on goods made from imported materials under sec900(c), CMTA?

the manufacture/production should have taken place in the Philippines

who may recommend suspension or withdrawal of any of the conditionally free importations under sec800, CMTA

secretary of Finance

when goods are entered as conditionally tax and /or duty-exempt importation, but we're later on sold or used for purposes other than what they were intended for, and without payment of duties and taxes which would have been due, such constitutes fraudulent practice against customs laws, except-

sale in liquidation of estate of deceased person, upon payment of duties, taxes and other charges