TARIFF 01

Tariff is merely derived Spanish tarifa and the Arabic tar’ife, meaning ______?

Price List or Rate Book

Old French tarife?

Rate

Is the oldest method of the government’s attempt to control trade by levying tax on imported/exported goods.

Tariff.

What kind of purpose tariff is imposed chiefly and primarily to generate or produce public revenue rather than to restrict imports?

Revenue Tariff.

What kind of purpose tariff designed to primarily for bargaining whose policies are considered unsatisfactory or unfair?

Bargaining Tariff

Provide the forms of customs duties.

Specific Duty, Ad Valorem Duty, Mixed and Compound Duty

It is designed primarily to obtain or raise revenue for the government.

Revenue Tariff.

It is intended to protect or shield domestic products from foreign competition by imposing higher duties.

Protective Duty.

What is RA 8800?

Safeguard Measures.

What is RA 8751?

Countervailing Duty.

What is RA 8752?

Anti-Dumping Duty.

It is a penalty duty in addition to regular duty imposed by one country against the articles or products of a country that equally imposed unreasonable charge or limitations, which discriminates against the product of the discriminated country.

Discriminatory Duty.

The President may, by proclamation, specify and declare new or additional duties in an amount not exceeding _______________ ad valorem upon goods wholly or in part the growth or product of, or imported in a vessel of any foreign country.

100% of Ad Valorem under Section 714 of the CMTA which is Discrimination of Foreign Counties.

A penalty due to the fact of not being marked of its country of origin.

Marking Duty.

If not marked how many percent of the DV is imposed?

Under the 710 of the CMTA. Marking of Imported Goods. 5% of the DV.

A tax imposed on commodities for transiting or passing through a customs territory of a country en route to another territory or for stop over privilege given by a country.

Transit Duty.

It is the review/restructuring of the Philippines tariff system.

TRP

How many TRPs were undertaken from 19800?

Four (4) TRPs.

What is the purpose of the tariff comprehensive program?

To provide transparency and predictability for industries to undertake strategic business planning over a spread of five (5) years period.

The Philippine Tariff Commission’s mandates and functions are prescribed in what law?

R.A. No. 10863.

When was the R.A. No. 10863 signed and when did it take effect?

Signed on 30 May 2016 and took effect on 16 June 2016. (i.e., 15 days after its complete publication in the “Manila Bulletin” newspaper).

TC performs both _________ and _________ functions.

Governmental and Quasi-Judicial.

DEPDev is formerly known as?

NEDA.

TC is an attached agency of what department?

DEPDev.

Who is the president that signed the R.A. No. 10863?

President Benigno S. Aquino III.

It is a production of certain specific documents and other items, material, and relevant to facts in issue which documents, and items are in custody and control of the person or body served with process.

Subpoena Duces Tecum.

Under the Implementing Rules and Regulations of the CMTA Sec. 1607. The Commission shall ______ and _____ such rules and regulations as may be necessary to carry out the provisions of this Act.

Promulgate and Adopt.

In the Flexible Clause (Sec. 1608, CMTA) upon the recommendation of the NEDA the President is empowered to what?

Increase, reduce, or remove existing rates of import duty including any necessary change in tariff classification.

Establish import quotas or ban imports.

Impose additional duty on ALL imports NOT EXCEEDING 10% AD VALOREM whenever necessary.

In the powers of the President, the President may increase or decrease the existing rates in one or several stages, except?

In NO case shall the increased or decreased rate of import duty be higher than a maximum of 100% ad valorem.

The President is empowered to exercise his authority in the CMTA without the recommendation of the NEDA (DEPDev).

False.

Any order issued by the President shall take ___ days after promulgation pursuant to the provisions of this section.

30 days.

Imposition of additional duty not exceeding 10% of the ad valorem shall take effect 30 days of the issuance.

False. It shall take effect upon the discretion of the President.

The power delegated to the President as provided in Sec. 1608 shall be exercised any time.

False. It shall be exercised only when the Congress is not in session.

The power delegated to the President may be withdrawn or terminated by Congress through what?

A joint resolution.

In the promulgation of the rules and regulations of Sec. 1608 who shall promulgate the rules and regulations?

DEPDev (NEDA)