____1.

Under Method One, the following are expenses to the extent that they are incurred by the buyer but are not

included in the price actually paid or payable for the imported goods except:

a. Commissions and brokerage fees

(except buying commissions)

b. **The customs duties and other

national taxes payable in the

____2.

Philippines by reason of the

importation or sale of the goods.

c. The cost of packing, whether for labour or materials

d. The amount of royalties and license fees related to
the goods being valued

The dutiable weight thereof shall be the weight of the article, together with the weight of all

containers/packages of any kind, in which said articles are contained, held or packed at the time of importation.

a. Non-dutiable weight
b. Legal weight

a.

c. **Gross weight
d. Net weight

____3.

Statement I. Net weight is the actual, computed or estimated weight of a good without its container and/or

____4.

It is a special duty levied, in addition to the regular duty and other charges, by an importing country on its

packaging.
Statement II. Net weight is the weight of the article itself plus that of its immediate wrapping but not of the
outside shipping container.
b. Both statements are true
d. Only statement II is true
e. Both statements are false
c. **Only statement I is true
imports which have been found to be subsidized in the country of origin or exportation.

____5.

a. **Countervailing Duty
b. Duty Free

c. Subsidy
d. Anti-Dumping Duty

Statement I. Anti -dumping duty refers to a special duty imposed on the importation of a product, commodity or

article of commerce into the Philippines at less than its normal value when destined for domestic consumption in the
exporting country.

____6.

Statement II. Anti -dumping duty refers to a special duty imposed on the importation of a product,

commodity or article of commerce into the Philippines at more than its normal value when destined for domestic
consumption in the exporting country.

____7.

a. Both statements are true

b. **Only statement I is true

c.
d.

Only statement II is false

Both statements are true

It refers to any product, commodity or article of commerce introduced into the Philippines at an export price

different from its normal value in the ordinary course of trade.

a.
b.

____8.

Like product
Import product

c. **Dumped import product

d. Export product

Free entry of animals for breeding purposes shall be restricted to animals of recognized breed, duly registered in

the book of record established for that breed, certified as such by what government agency?

____9.

____10.

a. **Bureau of Animal Industry

b. National Economic and Development Authority
c. Bureau of Customs
d. Department of Environment and Natural Resources
PEZA Form 8103 is an additional requirement for importers in PEZA.

a. True
b. **False
Medals, badges, cups and other small articles bestowed as trophies or prizes, or those received or accepted as

honorary distinction are conditionally-free importations.

a.
b.

**True
False

____11. It is the declaration of the exporter, as certified by the issuing authority (the Bureau of Customs, or BOC, in the
case of a Philippine exporter), that the export product complies with the origin requirement as specified under a
bilateral, regional, or multilateral trading arrangement.
a. Bill of lading
**Certificate of origin
b. Letter of credit
Origin permit

e.
f.
g.