PROBLEM SETS

PART I. CONVERSION OF UNITS

For a given shipment STC: 10 boxes of spare parts with dimension: 3’ x 4’ x 5’ per box and total gross weight of
15,500.00 kgs;
1. Determine the equivalent revenue ton.
a) 15.50 b) 16.50 c) 17.00 d) 17.50

An LCL shipment stc: 8 Crates of Machineries, with each crate having dimension: 1 mtr x 1.5 mtrs x 3 mtrs and gross
weight of 70,000 pounds:
2. Compute the revenue ton.
31.79 b) 41.70 c) 36 d) 31.75

A shipment of 10 boxes of furniture having per box dimension of 0.8 m x 0.9 m x 1.0 m and total gross weight of
15,000 lbs, calculate:
3. Total volume, ft³
a) 200.0 b) 254.0 c) 245.0 d) 230.0

4. Gross weight in MT
a) 8.60 b) 7.80 c) 6.80 d) 7.60

5. Revenue Ton
a) 6.35 b) 5.63 c) 7.2 d) 5.80

A shipment STC: 20-cartons of assorted tools having dimension: 20 cm x 60 cm x 90 cm/carton and gross weight per
carton of 90 kgs;
6. How much is the revenue ton
a) 2.16 b) 1.95 c) 2.45 d) 2.35

A shipment of 50 boxes of various footwear arrived at the Port of Manila with each box having dimension of
6” x 8” x 16”, and gross weight 275 pounds, compute:
7. The revenue ton
a) 0.629 b) 0.125 c) 0.650 d) 0.215

Vape Laboratories imported 6,200 (15-ml) bottles of e-juice for e-cigarettes. If the total weight of this importation is
127-kgs, and a landed cost of P20.00 per bottle;
8. Determine the importation landed cost per liter
a) P1,433.44 b) P1,388.88 c) 1860 d) P1,488.88

A shipment of 1,000 meters of Stainless Steel having FOB value of US$ 1.50/ft arrived at Manila North Port.

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 9. Compute the FOB value
a) $4,290.00 b) $4,920.00 c) $4,960.00 d) $4,260.00

A garment maker imported 3,280 ft of Silk Fabric from China at US$3.00 per meter CIF value.
10. What is the total CIF value of the said shipment
a) $3,200.00 b) $3,000.00 c) $3,280.00 d) $3,380.00

A denim pants maker bought 5,000 yards of denim fabric from Indonesia and shipped to Manila. The fabric has a
CFR value of US$1.20 per meter.
11. Determine the CFR value
a) $5,847.80 b) $5,887.40 c) $5,487.80 d) $5,778.40

Benedict Steel imported 3.0 metric tons of Rolled Steel from Germany at US$1.50/kg FOB.
12. Find the FOB value
a) $4,000.00 b) $3,150.00 c) $4,500.00 d) $3,510.00

An LCL shipment STC: 7-Crates of assorted spare parts weighing 550 kgs. If each crate dimension is 3.5’ x 5’ x 8’,
find:
13. CBM/crate
a) 3.55 b) 5.58 c) 3.97 d) 5.83

14. Total Volume, in³

a) 1,693,440 b)1,440,693 c)1,644,930 d)1,493,660

15. RT
a) 42.5 b) 52.4 c) 27.75 d) 25.4

A shipment of nylon yarn from Thailand weighs 1,000 kgs at CIF US$2.00 per pound.
16. Determine the CIF value
a) $4,490.71 b) $4,409.17 c) $4,709.19 d) $4,790.19

A shipment of assorted plastic toys in crates occupies 10 cubic meters in volume. If the sea freight per unit is
US$10.00/cubic feet;
17. Find the freight
a) $3,258.57 b) $3,578.25 c) $3,531.45 d) $3,278.27

A bill of lading indicates a shipment of 3 x 40FCL of PP resin is to be unloaded at the Port of Cebu. If the freight is
valued at US$750.00/TEU;
18. Determine the freight charge
a) $5,500.00 b) $3,400.00 c) $4,500.00 d) $3,500.00

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Each crate that was imported by a fruit dealer weighs 200 kgs. If there is a total of 14 crates with dimension 18 in x
24 in x 30 in per crate;
19. Find the volume per crate in CBM
a) 0.122 b) 0.123 c) 0.313 d) 0.212

20. Total Gross Weight in MT

a) 1.80 b) 2.80 c) 3.80 d) 4.80

21. The corresponding RT

a) 4.80 b) 3.80 c) 2.80 d) 1.80

A shipment STC: 100 cases of Sparkling wine, packed in 6 bottles per case having an ex Works value of
$ 30.00/case of 12 bottles.
22. Find the EXW for 100 cases
a) $1,412.00 b) $1,300.00 c) $1,612.00 d) $1,500.00

Flying Bee imported 10,000 liters of Biofuel B10 from Indonesia with $ 0.00025/centiliter EXW value.
23. Find the EXW value
a) $2,000.00 b) $2,500.00 c) $3,000.00 d) $3,500.00

Ten (10) cartons of dental instruments arrived NAIA. Each carton having dimension of 35 cm x 60 cm x 90 cm and
weighs 41.50 kgs.
24. Find the gross weight, in kgs
a) 415.00 b) 451.00 c) 515.00 d) 551.00

25. VW, kgs

a) 315.00 b) 351.00 c) 415.00 d) 441.00

Twenty five (25) boxes of mens’ magazine arrived NAIA. Dimension/box: 6 in x 12 in x 18 in, and GW/box: 7.75 lbs
26. Find the VW, kgs
a) 89.00 b) 79.00 c) 69.00 d) 59.00

27. CW, kgs

a) 59.00 b) 69.00 c) 79.00 d) 89.00

28. GW, kgs

a) 87.88 b) 78.77 c) 68.88 d) 86.77

Last

Four (4) crates of various produce arrived NAIA. Dimension/crate: 0.6 m x 0.9 m x 1.1 m GW/crate: 100 kgs
29. Find the GW, kgs

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 a) 400 b) 600 c) 300 d) 500

30. Volumetric weight, VW in kgs

a) 496 b) 696 c) 396 d) 596

31. Chargeable weight, CW in kgs

a) 500 b) 300 c) 600 d) 400

Five (5) cartons of Machine Catalogues arrived at NAIA. The catalogues were packed in cartons having dimension of
72 x 64 x 64 cm per carton and gross weight 48.50 kgs per carton.
32. Compute the Gross Weight, kgs
a) 242.50 b) 252.40 c) 244.50 d) 255.50

33. The Volumetric Weight, kgs

a) 264.00 b) 246.00 c) 206.00 d) 204.00

34. The Chargeable Weight, kgs

a) 242.40 b) 246.00 c) 244.50 d) 204.00

Bulacan Jeweler imported several imitation jewelries from Thailand. The jewelleries were packed in three (3) boxes
having dimension of 6 x 12 x 18 inches and gross weight of 4.00 kgs per box
35. Calculate the dutiable freight if the IATA rate is US$10.20 / kg
a) $110.30 b) $118.40 c) $112.40 d) $123.30

Four (4) boxes of Various Documents arrived at NAIA from NSW, Australia.
Dimension: 3 boxes – 35 x 60 x 95 cm
1 box – 25 x 50 x 60 cm
GW/AWB: 112 kgs
US$: P43.1928
AU$: P40.9968
36. Find the dutiable freight charge for a freight rate of AU$9.483 / kg.
a) $1,012.50 b) $1,116.50 c) 1,122.50 d) 1,136.50

A shipment STC: 20 bags Chromite Ore from Mindanao is to be shipped to China as quality sample. Each bag
weighs 25 kgs and occupies a total volume of 2.50 cubic meters.
37. Determine the export arratsre charge.
a) P611.28 b) P747.12 c) P421.67 d) P345.26

Gensan Dos will export 100 cartons of dried fish with each carton measuring 36 in x 24 in x 12 in. and 10 kgs per
carton.
38. Compute the payable arrastre charge inclusive of VAT.
a) P1,115.52 b) P954.96 c) P910.56 d) P1,250.32

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A shipment STC: 8-cartons of various electronic parts arrived NAIA from Germany. Each carton is 18kgs and
measures 32 cm x 55 cm x 62 cm. Upon filing of the IEIRD, the applicable exchange rates were P42.50 / US$ and
P51.3665 / Euro.
39. Find the equivalent freight charge for a freight rate of Euro7.4465 / kg
a) $1,144.50 b) $1,246.00 c) $1,309.50 d) $1,445.00

The gross weight per AWB of a shipment of wearing apparel from Japan is 73.00 kgs. The shipment was packed in
three (3) cartons each measuring 0.50 m x 0.80 m x 1.10 m.
40. Find the equivalent chargeable weight, CW, kgs
a) 200 b) 210 c) 220 d) 230

The gross weight indicated in the bill of lading of a shipment of wearing apparel intended for export to Japan is
540.00 kgs. The shipment was packed in twenty (20) cartons each measuring 24 in x 12 in x 36 in.
41. Find the equivalent arrastre charge
b) P80.46 b) P447.00 c) P65.68 d) P366.00

Ten (10) boxes of Various Wrist Watches arrived NAIA. Dimension:18 x 18 x 25 inches/box. GW/AWB: 22.20 kgs/box
42. Determine the Volumetric Weight, kgs
a) 211.21 b) 221.31 c) 233.31 d) 213.21

An LCL shipment STC: 5-boxes of machinery parts arrived at the airport. Each box measures 1.5 x 2.0 x 6.0 ft. If the
gross weight per airway bill is 84.50 kg per box.
43. Determine the chargeable weight in kgs
a) 524.00 b) 542.00 c) 425.00 d) 452.00

A shipment of dairy products were packed as follows;

10 cartons / 15 cm x 30 cm x 50 cm
5 cartons / 15 cm x 25 cm x 45 cm
GW / AWB: 55.00 kgs
44. Compute the chargeable weight, kgs
a) 55.00 b) 52.00 c) 58.00 d) 51.00

An air shipment of several cartons were packed and shipped from Europe as follows;
GW/AWB = 80 kgs
VW1 = 45 cm x 42 cm x 41 cm, 5 cartons
VW2 = 53 cm x 54 cm x 36 cm, 1 carton
US$ = P42.50
Euro = P51.3665
45. If the air freight costs Euro7.4465 / kg and other charges were at Euro2.9372 / AWB, determine the
combined value of freight and other charges if the gross weight per airway bill is 80.00 kgs.
a) US$738.55 b) US$741.55 c) US$755.41 d) US$758.35

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 46. Benedicto Steel imported 15-rolls of wire ropes and weighs 600 kgs / roll. Determine the appropriate
arrastre charge for said shipment VAT included.
a) P5,337.00 b) P3,231.00 c) P2,953.44 d) P3,618.72

A shipment stc: 500-cartons of ceramic kitchen wares have an FOB value of US$10.00 per carton. If the other
charges paid was US$0.10 per carton, determine the following;
47. The EXW value, in US$
a) $4,590.00 b)$ 5,490.00 c) $4,950.00 d) $5,940.00

48. The EXW value per carton

a) $9.30 b) $9.50 c) $9.70 d) $9.90

Several units of Lumber with dimensions 2 in x 4 in was unloaded at the Port of Manila and the arrastre charge was
valued at P22,800.00.
49. Determine the number of board feet use to compute the import arrastre charge.
a) 175,000 b) 150,000 c) 125,000 d) 100,000

A shipment of metals products arrived at the Port of Manila consisting of 250 boxes weighing 5 metric tons with cost
and freight value of US$6,000.00, in-land and ocean freight of US$0.02/kg and US$2.00/box, respectively. If the
other charge relevant to this shipment was valued at US$180.00, calculate the following:
50. Ocean freight charges
a) $200.00 b) $300.00 c) $400.00 d) $500.00

51. FOB Value

a) $2,500.00 b) $3,500.00 c) $4,500.00 d) $5,500.00

52. Ex works value per kg

a) $1.04 b) $1.07 c) $1.09 d) $2.01

An LCL shipment STC: 3,600 pieces of Umbro Metal Screws from Germany was valued at Euro16.55 per dozen,
CIF. The freight per cubic meter at Euro124.11, while other charges at Euro0.0414 per piece. If the total volume of
the shipment is 212.00 cubic feet, determine the following when the applicable exchange rates are P42.50 / US$ and
P51.3665 / Euro.
53. Total CIF value
a) $5,000.00 b) $5,500.00 c) $6,000.00 d) $6,500.00

54. Total freight

a) $901.00 b) $851.00 c) $801.00 d) $751.00

55. FOB value per dozen

a) $15.57 b) $16.67 c) $17.06 d) $18.87

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 56. EXW value
a) $4,820.00 b) $4,280.00 c) $4,800.00 d) $4,200.00

Trident Garments imported 6,858 square meters of 100 rolls of denim fabrics from Milan, Italy to produce 4,000 units
of denim pants.
57. Determine the ex works value of the said shipment if the cuttable width of the fabric is 54 inches, unit price
is Euro 2.10 / meter and exchange rates are P42.50 / US$ and P51.3665 / Euro.
a) $10,500.55 b) $12,690.55 c) $10,750.55 d) $12,390.55

Vet Link Inc. brought in 1x20FCL STC: 1,080 bags of Feed Supplement at FCA AU$50.00 per bag. Freight charges
per bill of lading is valued at AU$525.00 and applicable exchange rates are P43.19 / US$ and P40.9668 / AU$.
58. Determine the customs duty at 3% rate.
a) P58,433.00 b) P68,344.00 c) P59,211.00 d) P67,822.00

ABC trading imported wire rope cable, ½ -inch diameter x 1,500 meters with unit price of $1.50/ft CFR, Batangas.
Packing list shows total volume of 370.80 cubic feet, while the gross weight was 1,750 kgs. Based on ocean freight
rate of $100.00/cbm, determine the following:
59. CFR Value per meter
a) $4.50 b) $4.92 c) $5.00 d) $5.00

60. Total CFR Value

a) $6,750.00 b) $7,380.00 c) $7,500.00 d) $7,875.00

61. Total Ocean Freight

a) $1,049.99 b) $3,708.00 c) $1,050.00 d) $3,531.45

62. FOB per Foot

a) $1.16 b) $1.29 c) $1.31 d) $1.39

Nature Zoo imported 3 Mini Horses (Equus Cabalus: HS 0101 100 000 A) from Amsterdam, Germany at
Euro1,000.00 a piece, FCA. If the freight is Euro2,070.00 and duty rate for breeding animals is 3%.
63. Determine the dutiable value when the applicable exchange rates were P44.526 / US$ and
P61.5127 / Euro.
a) P319,251.00 b) P329,215.00 c) P352,925.00 d) P390,021.00

64. Compute the dutiable insurance

a) Euro156.87 b) Euro165.78 c) Euro120.00 d) Euro157.00

Global Apparel brought in 1x20FCL STC: 100% Cotton Single Jersey Knitted Fabrics from China to fill-up the 2,500
dozen Mens’ Polo Shirt order. Said fabric weighs 180 grams per square meter while a piece of complete shirt weighs
300 grams.
65. Compute how much fabric (in kgs) will be stuffed in 1x20FCL.
a) 8,000 b) 8,500 c) 9,000 d) 9,500

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 66. If fabric width is 60 inches, what is the total fabric length, in meters?
a) 38,200 b) 36,400 c) 34,700 d) 32,800

VapeLab exported 2,500 units of e-juice to La Puente, California. Each unit having 16-ml capacity and 21.53 grams.
67. If the prevailing IATA Normal Rate: US$9.00 per kg, FSC: US$1.15 per kg, SSC: US$0.15 per kg and TCC:
0.25 per kg, determine the total freight charges.
a) $597.90 b) $607.90 c) $569.70 d) $619.70

SmokeLess Cigarettes Inc. imported 1,000 units of e-cigarettes from Malaysia with each unit weighing 135 grams.
68. For a prevailing IATA Rate: US$3.00 / kg (up to 45 kgs); US$1.80 / kg (over 45 kgs); FSC: US$0.20 / kg;
SSC: US$0.10 / kg, determine the total freight charges.
a) $283.50 b) $235.80 c) $288.30 d) $253.20

Gloria Jean’s Coffees imported 1x20FCL of coffee shop supplies from Sydney, Australia. The ex works value, freight
charges, and other charges was valued at AU$65,116.18, AU$1,884.58, and AU$1,484.75 respectively.
69. Determine the dutiable value if the consignee secured a local insurance and paid a premium of P3,741.00.
Use the prevailing rates of P44.7430 / US$ and P39.4539 / AU$.
a) P2,705,761.34 b) P2,500,617.43 c) P2,617,705.34 d) P2,477,653.43

Eastwind Garments requires 500 square yards of fabric to produce the garment order by his USA buyer.
70. What should be the fabric order length (L1, in meters) if the fabric width is 44 inches
a) 473.71 b) 477.14 c) 347.41 d) 374.17

71. What should be the fabric order length (L2, in meters) if the fabric width is 60 inches
a) 394.27 b) 374.93 c) 293.72 d) 274.39

72. Iligan Steel imported 10 crates of steel products from Russia with each crate measures 1.0 m x 1.0 m x 1.5
m and weighs 700 kgs. Calculate the arrastre charge inclusive of VAT.
a) P2,814.56 b) P2,297.12 c) P1,168.16 d) P1,427.16

73. The current NRP of a bottle of Manila Beer Litro is P40.58. How much will be the NRP per 330-ml bottle?
a) P6.70 b) P13.39 c) P20.09 d) P26.79

74. The current NRP of Manila Beer Light 330 ml bottle is P50.50. How much will be the NRP per 320-ml bottle?
a) P16.16 b) P20.20 c) P25.25 d) P31.56

75. The current NRP of Red Horse Beer 330 ml bottle is P45.85. How much is the NRP per 320-ml bottle?
a) P14.67 b) P18.34 c) P22.93 d) P28.65

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76. The current NRP of Gold Eagle Beer King is P28.75. How much will be the NRP per 330- ml bottle?
a) P9.49 b) P14.24 c) P21.35 d) P32.03

77. The current NRP of San Miguel Beer Pale Macho is P42.65. How much will be the NRP per 330- ml bottle?
a) P7.04 b) P10.55 c) P14.07 d) P21.11

78. The current NRP of San Miguel Beer Super Dry 330 ml non-returnable bottle is P73.87. How much is the
NRP per 330 ml non-returnable bottle?
a) P12.19 b) P18.28 c) P24.38 d) P27.42

79. The current NRP of San Miguel Strong Ice 330 ml non-returnable bottle is P65.10. How much is the NRP
per 330 ml non-returnable bottle?
a) P10.74 b) P16.11 c) P21.48 d) P24.17

80. The current NRP of San Miguel All Malt Beer 330 ml non-returnable bottle is P104.74. How much is the
NRP per 330 ml non-returnable bottle?
a) P17.28 b) P25.92 c) P34.56 d) P38.88

81. The current NRP of San Miguel All Malt Beer 330 ml can is P100.30. How much is the NRP per 330 ml can?
a) P16.54 b) P24.82 c) P33.10 d) P37.24

82. The current NRP of Cerveza Negra 330 ml non-returnable bottle is P77.99. How much is the NRP per 330
ml non-returnable bottle?
a) P12.87 b) P16.09 c) P20 11 d) P25.74

83. The current NRP of Cerveza Negra 320 ml bottle is P69.15. How much is the NRP per 320 ml bottle?
a) P11.06 b) P13.83 c) P17.29 d) P22.13

84. The current NRP of The Original Coors Beer is P55.00. How much will be the NRP per 330-ml bottle?
a) P9.08 b) P13.61 c) P18.15 d) P20.42

85. The current NRP of The Silver Bullet Coors Light 330 ml bottle is P45.21. How much is the NRP per 330 ml
bottle?
a) P7.46 b) P9.32 c) P11.66 d) P14.92

86. Carlsberg Chill in 320 ml bottle current NRP is P100.00. What will be the NRP per 330-ml can?
a) P103.13 b) P51.56 c) P33.00 d) P25.78

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 87. Lone Star Beer currently packed in 500-ml bottle is priced at NRP of P48.00. What will be the NRP per 320-
ml bottle?
a) P23.04 b) P15.36 c) P11.52 d) P7.76

88. The current NRP of Lone Star Light 330 ml can is P55.97. What is the NRP per 330 ml can?
a) P9.24 b) P11.54 c) P14.43 d) P18.47

89. Manila Ice currently packed in 330-ml bottle is priced at NRP of P109.09. What will be the NRP per 500 ml-
bottle?
a) P81.82 b) P54.55 c) 40.91 d) P20.45

90. Colt-45 currently packed in 500-ml bottle is priced at NRP of P31.27. What will be the NRP per 500-ml
bottle?
a) P31.27 b) P15.64 c) P23.45 d) P35.17

PART II. INCOTERMS

For a cost and freight value of US$ 9,064.00, while other charges were computed at 3% of ex works and freight is
10% of free on board, determine:
91. Ex Works Value
a) $9,000.00 b) $8,500.00 c) $8,000.00 d) $9,500.00

92. FOB Value

a) $8,240.00 b) $8,420.00 c) $8,024.00 d) $8,042.00

A shipment of CIF value amounting to US$ 6,650.00 paid an insurance premium amounting to $ 150.00. If freight per
bill of lading indicated at $ 500.00, determine the following:
93. FOB Value
a) $6,000.00 b) $5,800.00 c) $6,300.00 d) $5,900.00

94. EXW if O/C is $ 50.00

a) $5,590.00 b) $5,950.00 c) $5,095.00 d) $5,059.00

A shipment with an FOB value of $ 4,000.00 incurred a combined amount of $4,200.00 for ex works and freight. If the
other charges paid for this shipment amounted to $ 50.00, determine the following:
95. EXW value
a) $3,950.00 b) $3,590.00 c) $5,390.00 d) $5,930.00

96. CFR value

a) $4,250.00 b) $4,520.00 c) $4,025.00 d) $4,052.00

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A shipment total CIF value was US$ 5,650.00 and paid a combined amount of US$500.00 for insurance premium
and freight. If the other charges amounted to US$150.00, calculate the following:
97. EXW value
a) $5,000.00 b) $5,397.00 c) $5,150.00 d) $5,103.00

98. FOB value

a) $5,150.00 b) $5,103.00 c) $5,510.00 d) $5,310.00

99. Dutiable insurance

a) $100.00 b) $103.00 c) $105.00 d) $107.00

100.Freight charge
a) $497.00 b) $379.00 c) $397.00 d) $479.00

The cost and freight of an LCL shipment is US$ 8,175.00. if the freight was computed at 7% of the ex works value
while the other charges paid was 2% of the ex works value, calculate the following;
101.Ex works value
a) $7,500.00 b) $8,500.00 c) $7,000.00 d) $8,000.00

102. Freight charges

a) $545.00 b) $535.00 c) $525.00 d) $515.00

103.Other charges paid

a) $100.00 b) $125.00 c) $150.00 d) $175.00

104.FOB value
a) $7,560.00 b) $6,750.00 c) $7,650.00 d) $6,570.00

A shipment of fabrics from China had a CFR value of US$ 6,426.00, determine the following if the other charge
incurred is 2% of the ex works value and freight is 5% of the ‘free on board’ value;
105.EXW value of the shipment
a) $6,000.00 b) $6.400.00 c) $6,600.00 d) $6,800.00

106.Other charges incurred

a) $130.00 b) $100.00 c) $140.00 d) $120.00

107.FOB value
a) $6,210.00 b) $5,980.00 c) $6,120.00 d) $5,890.00

108.Freight charge
a) $302.00 b) $306.00 c) $300.00 d) $308.00

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The freight and insurance premium paid on a shipment is equivalent to 8% and 4% of the FOB, respectively. If the
CIF value of the said shipment is US$11,200.00, determine the following;
109.Freight
a) $650.00 b) $700.00 c) $750.00 d) $800.00

110.Insurance premium paid

a) $400.00 b) $440.00 c) $500.00 d) $550.00

The combined value of freight and insurance paid on a shipment of alcohol products is 10% of its ex works value. If
the other charges relevant to the shipment is at 3% of its ex works while the CIF value is found to be US$16,950.00,
calculate the following;
111.Ex Works value
a) $15,950.00 b) $15,450.00 c) $15,000.00 d) $15,882.00

112.Other charges paid

a) $950.00 b) $450.00 c) $500.00 d) $880.00

113.FOB value
a) $15,882.00 b) $15,000.00 c) $15,450.00 d) $15,950.00

114.Freight charge
a) $882.00 b) $618.00 c) $816.00 d) $828.00

A shipment of coffee shop supplies from Australia had a CIF value of US$22,848.00. If the other charges and freight
is found to be 2% of ex works and 10% of FOB values, respectively, determine the following;
115.EXW value
a) $22,000.00 b) $20,000.00 c) $20,800.00 d) $22,800.00

116.FOB value
a) $20,400.00 b) $20,306.00 c) $20,408.00 d) $20,500.00

117.FRT charge
a) $2,040.00 b) $2,306.00 c) $2,408.00 d) 2,500.00

118.INS premium
a) $204.00 b) $306.00 c) $408.00 d) $500.00

The combined values of a shipment for ex works and insurance premium amounted to US$7,920.00. If the CIF value
and other charges paid were at US$9,000.00 and 3% of FOB, respectively, find the following;
119.FOB value
a) $7,920.00 b) $8,000.00 c) $7,290.00 d) $8,290.00

120.EXW value
a) $6,670.00 b) $7,760.00 c) $6,760.00 d) $7,670.00

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A shipment was found to have incurred 10% of ex works value for the combined charges of freight and other
charges. If the CFR and FOB values were US$4,400.00 and US$4,120.00, respectively, determine;
121.EXW value
a) $3,880.00 b) $4,000.00 c) $3,720.00 d) $4,220.00

122.Other charges
a) $280.00 b) $240.00 c) $180.00 d) $120.00

123.Freight charge
a) $350.00 b) 320.00 c) $280.00 d) $250.00

The freight and ex works value of a shipment shoes from Singapore is equivalent to US$21,500.00. If the CIF and
other charges were US$ 22,512.00 and US$ 600.00, determine the following;
124. FOB value
a) $20,600.00 b) $21,500.00 c) $22,100.00 d) $21,600.00

125.EXW value
a) $20,000.00 b) $21,000.00 c) $22,000.00 d) $23,000.00

126.Freight charge
a) $1,500.00 b) $1,000.00 c) $750.00 d) $500.00

A shipment of 200 cases of distilled spirits was valued at CIF US$11,000.00, when the FOB and insurance premium
values were combined at US$10,400.00 and the other charges incurred to ship the cargo was 3% of the FOB,
determine the following;
127.FOB value
a) $12,000.00 b) $11,500.00 c) $10,000.00 d) $10,500.00

128.EXW value
a) $9,700.00 b) $9,300.00 c) $9,500.00 d) $9,000.00

129.Freight charge
a) $600.00 b) $550.00 c) $620.00 d) $575.00

A shipment of 1,000 LNG in pressurized tanks had a CIF value of US$ 29,000.00. If the insurance premium and other
charges were combined at US$1,520.00 and the ex works value was found to be US$ 25,000.00, compute;
130.Freight cost
a) $2,480.00 b) $1,240.00 c) $2,840.00 d) $1,420.00

131.FOB value
a) $22,400.00 b) $21,200.00 c) $23,800.00 d) $25,500.00

13
 132.Insurance premium paid
a) $1,200.00 b) $1,020.00 c) $1,300.00 d) $1,030.00

133.Other charges incurred

a) $400.00 b) 325.00 c) $425.00 d) $500.00

A shipment of several cartons of garments from Thailand was found to have a CIF value of US$ 17,000.00, ex works
and insurance premium of US$ 15,307.00, while the other charges were at US$ 350.00. Compute the following;
134.FOB value
a) $13,550.00 b) $15,350.00 c) $13,350.00 d) $15,530.00

135.EXW value
a) $13,000.00 b) $15,000.00 c) $13,300.00 d) $15,500.00

For a shipment of general cargo US$ 17,000.00 (CIF), combined EXW & INS amounted to US$ 15,307.00. When
other charges was valued at $ 350.00, determine the FOB and Ex works values.
136.FOB value
a) $15,350.00 b) $13,550.00 c) $15,530.00 d) $13,350.00

137. EXW value

a) $13,000.00 b) $15,000.00 c) $11,000.00 d) $14,000.00

A shipment had the following data:

Packing cost: $100.00
Loading at warehouse: $150.00
Inland Transport: $125.00
Freight: $200.00
Unloading at destination: $175.00
Insurance premium: $75.00
EXW: $8,000.00
Rate of Duty: 3%
Exchange Rate: Php40.00/US$
138.Determine the DAP value,
a) $9,475.00 b) $8,625.00 c) $8,550.00 d) $8,475.00

A shipment had a following data given:

Packing cost: $100.00
Loading at warehouse: $150.00
Inland Transport: $125.00
Freight: $200.00
Unloading at destination: $175.00
Insurance: $200.00
EXW: $8,000.00
Rate of Duty: 3%

14
 Exchange Rate: Php40.00/US$
139.Find the DAT value
a) $8,775.00 b) $8,850.00 c) $8,675.00 d) $8,000.00

Given: General Cargo

Packing cost: $100.00
Loading at warehouse: $150.00 (to Carrier’s truck)
Inland Transport: $125.00
Freight: $200.00
Unloading at destination: $175.00
Inland Insurance: $30.00
ExW: $8,000.00
Rate of Duty: 3%
Exchange Rate: Php40.00/US$
140.Find the CIP value
a) $8,513.00 b) $7,513.00 c) $8,671.00 d) $8,388.00

PART III. PRACTICAL COMPUTATIONS

Use exchange rate of Php43.00/US$ if not indicated.

An export shipment of 20FCL was charge with combined arrastre, wharfage and shut-out charges amounting to
P14,205.40 inclusive of VAT.
141.Determine the number of 20FCL affected by the charges.
a) 1 x 20FCL b) 2 x 20FCL c) 3 x 20FCL d) 4 x 20FCL

Ninety (90) drums of paint thinner arrived at the MICP with total CIF value of $9,000.00. Declaration shows marine
insurance premium of $380.00 but no insurance certificate was presented to the BOC. The invoice likewise indicated
the freight charges at $630.00, which was later found out to be 60% of the Gross Conference Rate and no
certification from shipping lines was issued. Compute the following:
142.Customs Value
a) $8,000.00 b) $8,300.00 c) $7,990.00 d) $9,000.00

143.Dutiable insurance per CMO 22-2007

a) $320.00 b) $380.00 c) $348.00 d) $332.00

144.Dutiable freight
a) $735.00 b) $700.00 c) $854.00 d) $630.00

145.Total dutiable value in US$

a) $10,048.00 b) $9,105.00 c) $9,250.00 d) $9,186.00

5x20’ reefer van STC: various poultry meat arrived at the South Harbor from Singapore with the total CIF value of
$15,000.00. No certification, as to the freight paid, was secured from shipping line but invoice shows freight charge of
$900.00 per van, which excludes $70.00 fuel adjustment when compared with BOC arbitrary freight. Local insurance
premium paid amounted to P9,675.00 duly covered by certification & official receipt issued by a domestic insurance
company. Based on exchange rate of P45.00/$1.00, compute the following:
146.Dutiable freight charges per CMO 22-2007
a) $4,000.00 b) $4,500.00 c) $4,850.00 d) $5,000.00

147. FOB value per 20’ van

15
 a) $2,000.00 b) $2,030.00 c) $2,100.00 d) $2,057.00

148. Dutiable insurance per CMO 22-2007

a) $400.00 b) $206.00 c) $420.00 d) $215.00

149. Total Dutiable Value in Php.

a) P684,000.00 b) P685,135.00 c) P684,675.00 d) P690,750.00

Two (2) crates, STC: Dentists’ chairs arrived at the MICP with each crate having a dimension of 100 cm x 125 cm x
200 cm, each crate weighing 1,000-kgs. Invoice shows total CIF value of $13,000.00 while B/L indicated ocean
freight charges was paid based on $152.00/cbm. Included in the invoice value were crating/handling charges
equivalent to 3% of total ex-works value. Determine the following:
150. Dutiable freight per CMO 22-2007
a) $380.00 b) $500.00 c) $750.00 d) $760.00

151.Wharfage due paid to PPA

a) P68.43 b) P81.87 c) P61.10 d) P73.30

152. Total FOB value

a) $12,000.00 b) $12,090.00 c) $12,254.90 d) $12,372.55

153. Customs duty at 7% ad valorem rate

a) Php40,492.00 b) Php41,500.00 c) Php42,315.00 d) Php39,130.00

A shipment STC: 4-boxes of various magazines arrived NAIA from USA as arranged by the forwarder on CIP basis
with the following details: 3/ 350 x 600 x 950 mm; 1/ 250 x 500 x 600 mm. Per AWB, the total weight of the shipment
is 150.00 kgs. Determine the following;
154. Total volumetric weight of the shipment.
a) 112.25 kgs b) 100.00 kgs c) 130.50 kgs d) 112.50 kgs

155. The chargeable weight

a) 150.00 kgs b) 112.20 kgs c) 200.00 kgs d) 212.12 kgs

156. Freight charge if published IATA rate as follows: Standard: $9.00/kg (up to 10-kgs); $12.00/kg (10 – 20
kgs); More than 20-kgs: US$ 18.00/kg.
a) $2,025.00 b) $2,700.00 c) $3,600.00 d) $3,818.00

157.Phoenix Electronics Inc. will export 2 x 40FCL and 1 x 40FCL of electronic products to USA. How much will
be the arrastre and wharfage charges payable to the operator for said shipment?
a) P19,961.48 b) P15,663.70 c) P15,738.96 d) P14,267.73

An industrial rope maker imported 1x40FCL STC: 26-Pallets PFY 1500 Denier High Tenacity Polyester Yarn from
Thailand. The importation has an FOB Value of US$34,938.17, insurance US$18.83 (official receipt presented), and
ocean freight per bill of lading at US$600.00, Gross weight 9,220.00 kgs and net weight 18,900 kgs. If the exchange
rate upon filing of the IEIRD was at Php40.616/US$ and filed under Philbonded Warehousing Services, with
corresponding COO/Form ‘D’. When said importation is under constructive exportation;
158.How much is the dutiable import processing fee
a) P250.00 b) P500.00 c) P750.00 d) P1,000.00

159.How much is the payable customs duty at 3% ad valorem rate

16
 a) P43,326.00 b) P23,326.00 c) P13,326.00 d) zero rated

160.When said importation if said to be under constructive export, what will be the CSF
a) P200.00 b) P203.00 c) P400.00 d) P406.00

161.How much is the VAT for said importation

a) P179,851.00 b) P89,926.00 c) P44,963.00 d) VAT exempted

Gloria Jean’s Coffees Asia imported several items from Australia for its coffee shops in the country on cost and
freight basis. The following items were indicated in the commercial invoice:
Roasted Coffee Non Decaf HS 0901 2110 200 10% $ 3,025.00
Green Tea in foil HS 0902 3090 000 3% $ 3,575.00
Stainless Steel Mugs HS 7323 9310 000 15% $ 1,705.00
Cocoa Powder HS 1806 1000 000 5% $ 2,695.00

Other information included:

Freight charge for Roasted Coffee Non Decaf valued at $ 275.00
Insurance premium for Green Tea valued at $ 130.00
Bank charge for Stainless steel mugs valued at P 94.98
Miscellaneous expenses for Stainless steel mugs paid at P 1,384.15

Compute the following:

162.Total freight charge
a) $1,400.00 b) $1,000.00 c) $1,550.00 d) 1,275.00

163.Total dutiable insurance

a) $400.00 b) $200.00 c) $350.00 d) $500.00

164.Dutiable value of Green Tea

a) P134,805.00 b) P78,905.00 c) P75,984.00 d) P120,099.00

165.FOB value of Stainless Steel Mugs

a) $2,750.00 b) $3,250.00 c) $1,550.00 d) $2,450.00

166.Total customs duty

a) P33,250.00 b) P51,320.00 c) P42,125.00 d) P32,350.00

167.A number of 40FCL due for export was charge with combined arrastre, wharfage and shut-out charges
amounting to P83,352.40 before VAT. Determine the number of 40FCL affected by these charges.
a) 5 x 40FCL b) 6 x 40FCL c) 7 x 40FCL d) 8 x 40FCL

Ang Tibay Shoes Corp. imported from Hongkong 500 pairs of men’s shoes valued at $10,500.00 DDP, Marikina.
Included in the invoice were exports clearing charges of $75.00, origin inland freight of $150.00 and destination
inland freight of $100.00. The miscellaneous expenses was determined to be P7,850.00, import processing fee
P500.00, while the duty rate was at 15%, exchange rate at P42.50/$1.00 and ocean freight charges at $400.00.
168.Compute the FOB value
a) $6,814.76 b) $7,500.55 c) $8,251.24 d) $9,517.34

169.Total duties, taxes & other charges to be paid.

17
 a) P100,311.00 b) P125,155.00 c) P97,906.00 d) P88,109.00

Alpha Company Imported from Japan 1X20’ STC: 500- cartons of various hand tools with an Incoterm of CIF Manila.
Ocean freight at $500.00. The shipment has a combined value of landed cost, customs duties and value added tax
amounting to P303, 074.71 while the ME was valued at P6,406.00. For a 3% rate of duty, determine the following:
170.Dutiable Value
a) Php261,165.00 b) Php265,161.00 c) Php275,516.00 d) Php250,000.00

171.Customs Duty
a) Php7,835.00 b) Php7,955.00 c) Php8,266.00 d) Php7,500.00

172.Landed Cost
a) Php275,406.00 b) Php279,522.00 c) Php290,188.00 d) Php263, 906.00

173.Value added tax

a) Php33,049.00 b) Php33,543.00 c) Php34,823.00 d) Php28,429.00

One hundred (100) cartons of dry goods arrived at the South Harbor with total CFR value of $10,900.62. Marine
insurance premium was declared in the entry at $180.00 duly supported by an insurance certificate & O.R. B/L shows
freight was paid at $100.00/cbm. Handling charges at origin was at 10% of ex-works value. If the packing list
indicated total volume of 317.83 cu.ft. compute the following;
174. Dutiable freight for IEIRD purpose
a) $850.00 b) $900.62 c) $3,178.30 d) $3,531.45

175.Total FOB value for IEIRD purpose

a) $10,000.00 b) $10,050.00 c) $7,368.55 d) $7,721.70

176.Total incidental charges at origin if export clearing charges amounted to $100.00

a) $1,100.00 b) $950.00 c) $900.00 d) $1,000.00

A shipment consists of 10 x 20 FCL of paper in rolls from Canada. The actual arrival of the vessel carrying this cargo
is May 02, while the last container discharge was on the day after. Calculate the total storage charge payable if the
broker was able to release 2 x 20 FCL on May 08, 3 x 20 FCL on May 10 and finally 5 x 20 FCL on May 13.
177. Total storage charges
a) P16,845.50 b) P28,878.00 c) P22,252.00 d) P14,920.30

An LCL shipment STC: 10-crates of general cargo, 500-kgs per crate with total volume of 600 ft³ arrived at the
destined port.
178.Compute the arrastre charge payable to the contractor.
a) P 2,235.00 b) P 2,503.20 c) P 5,203.20 d) P 2,035.00

An Importer paid to ATI a total amount of P 2,503.20 inclusive of VAT for an LCL shipment of general cargo.
179.How much is the WD to be paid to PPA?
a) P 510.00 b) P 571.20 c) P 540.00 d) P 604.80

18
A shipment of 50 crates of auto parts and accessories with each crate, 1.0 m x 1.0 m x 0.4 m in dimension, weighs
200-kgs, arrived at the destined port of discharge. The importer explores two (2) options to discharge his cargo either
at pier side or shipside. Per CMO 26-95, determine the wharfage due if;
180.The cargo is discharge at pier side
a) P 366.50 b) P 410.48 c) P 340.00 d) P 380.80

181.The cargo is discharge at ship side

a) P 180.00 b) P 201.60 c) P 170.00 d) P 190.40

A shipment STC: 5 crates of motorcycle parts and accessories, having weight of 660 pounds per crate arrived at the
Port of Cebu. Compute the wharfage due per CMO 26-95 if said cargo is to be unloaded;
182.Pier side
a) P 54.87 b) P 61.45 c) P 50.89 d) P 57.00

183.Ship side
a) P 26.95 b) P 25.45 c) P 30.18 d) P 28.50

A shipment of two (2) TEU’s from China STC: Clear glass sheets arrived at the Port of Manila. If each container
weighs 15,000 kgs, determine the following;
184.Wharfage due to be declared in the entry
a) P 1,099.50 b) P 1,231.44 c) P 1,142.40 d) P 1,020.00

185.Wharfage due payable to PPA

a) P 1,038.70 b) P 1,163.34 c) P 581.67 d) P 519.35

186.Arrastre charge to be declared in the entry

a) P 1,650.00 b) P 1,848.00 c) P 3,696.00 d) P 3,300.00

187.Arrastre charge payable to ATI

a) P 4,174.24 b) P 3,727.00 c) P 7,454.00 d) P 8,348.48

A Shipment of 100 boxes of various tools weighs a total of 2,000 kgs with each box having dimension of
1.5 ft x 1.0 ft x 0.8 ft., determine the following;
188.Wharfage due per CMO 26-95
a) P 102.85 b) P 68.00 c) P 115.19 d) P 76.16

189.Wharfage due payable to PPA

a) P 76.16 b) P 123.14 c) P 109.95 d) P 102.65

190.Arrastre charge per CMO 26-95

a) P 330.00 b) P 369.60 c) P 220.00 d) P 246.40

191.Arrastre charge payable to ATI

a) P 500.64 b) P 447.00 c) P 298.00 d) P 333.76

19
A shipment of 5 crates of various machineries with each crate having a gross weight of 5,000 kg is to be assessed at
Manila International Container Terminal.
192.Determine the arrastre charge per CMO 26-95 inclusive of value added tax.
a) P 916.25 b) P 1,026.20 c) P 2,678.57 d) P 3,000.00

A shipment declared as General Cargo incurred an aggregate cost for arrastre charge and wharfage dues amounting
to P 806.40 upon assessment inclusive of value added tax. Determine the individual cost component net of value
added tax.
193.Wharfage due
a) P 183.25 b) P 205.24 c) P 190.40 d) P 170.00

194.Arrastre charge
a) P 745.00 b) P 819.50 c) P 550.00 d) P 616.00

Due to the recent Typhoon Maring, a number of TEU’s was not released on time and incurred storage charges at
MICP. The consignee paid storage charges in the amount of P 10,743.30 net of VAT and was able to release the
shipment 10-days after its last day of discharge.
195.How many TEU’s were involved in this shipment?
a) 10 x 20 b) 8 x 20 c) 7 x 20 d) 5 x 20

A less than container load shipment of general cargo was shipped on basis of CIF having $ 50,500.00 value. The
shipment is STC: 10 crates, 500 kgs weight per crate and 60 cu ft per crate volume.
196.If the brokerage fee amounted to P 7,732.81, determine the arrastre charge payable to the contractor.
a) P 2,695.40 b) P 2,898.40 c) P 2,650.20 d) P 2,503.20

A shipment declared with dutiable value of P 750,000.00, incurred a total miscellaneous expense amounting to
P 12,500.00.
197.For a 10% rate of duty, determine the value added tax due on said shipment.
a) P 100,500.00 b) P 150,000.00 c) P 105,000.00 d) P 100,050.00

A shipment was declared with customs duty amounting to P 150,000.00 and miscellaneous expense of P 10,750.00.
198.At 15% rate of duty, what is the value added tax?
a) P 193,920.00 b) P 193,920.00 c) P 139,290.00 d) P 139,920.00

Manila Cordage, an industrial rope maker imported 1x40FCL STC: 26-Pallets PFY 1500 Denier High Tenacity
Polyester Yarn from China at 3% duty. The importation has an FOB Value of US$34,938.17, insurance US$18.83
(official receipt presented), and ocean freight per bill of lading at US$600.00, Gross weight 19,220.00 kgs and net
weight 18,900 kgs. If the exchange rate upon filing of the IEIRD together with COO/Form ‘D’ was at Php43.616/US$.
199.Determine the appropriate duties, taxes and other charges payable to BOC.
a) P189,094.00 b) P241,203.00 c) P240,767.00 d) P188,658.00

A less container load shipment was valued with total landed cost amounting to P 325,000.00 and miscellaneous
expense of P 15,750.00 at 30% rate of duty.
200.Determine the final duties and taxes payable to the Bureau of Customs.

20
 a) P 110,615.00 b) P 161,115.00 c) P 155,610.00 d) P 115,611.00

A shipment of several packages was declared with total landed cost amounting to P 575,000.00 and miscellaneous
expense of P 18,700.00. Upon filing of importer’s import entry, an advance payment of P 92,000.00 on customs
duties was made as requirement of opening of letter of credit.
201.Determine the final duties and taxes payable to the Bureau of Customs if the rate of duty was 20%.
a) P 70,217.00 b) P 72,710.00 c) P 77,210.00 d) P 71,771.00

An air shipment covered by letter of credit has a dutiable value of P 1,200,000.00 declared at 7% rate of duty.
202.Determine the corresponding miscellaneous expense
a) P 15,930.00 b) P 9,315.00 c) P 13,915.00 d) P 9,531.00

203.And value added tax

a) P 198,155.00 b) P 155,198.00 c) P 189,551.00 d) P 159,158.00

An importation paid total VAT of P 207,900.00 (without ET) and ocean freight charges of $ 1,408.70. The total misc.
expense was computed at P 7,500.00. Insurance was based on 4 % of the total FOB and rate of duty was 15% ad
valorem. Compute the following based on E/R of P 42.50 /$ 1.00:
204.Total Landed Cost
a) P 1,725,500.00 b) P 1,650,000.00 c) P 1,732,500.00 d) P 1,650,000.00

205.Custom Duty
a) P 224,086.96 b) P 214,239.13 c) P 225,000.00 d) P 214,304.45

206.Total FOB Value

a) $ 29,872.76 b) $ 28,500.43 c) $ 30,870.76.00 d) $ 32,582.13

A shipment categorizes as general cargo consigned to BPT Trading arrived at POM with total CFR Value of
$30,750.00. The ocean freight charges indicated in the commercial invoice amounted to $ 2,750.00 while the
covering bill of lading shows freight of $2,800.00. If no local insurance was secured by the importer,
207.compute the dutiable value used as basis in computing the customs duty. E/R at P 42.50/US$.
a) P 1,489,600.00 b) P 1,332,800.00 c) P 1,389,600.00 d) P 1,432,800.00

Carrier imported from China under a letter of credit 1X40’ STC: 250-units of household refrigerators with an Incoterm
CIF Manila. Said shpt has an ocean freight prepaid amounting to $ 750.00 & rate of duty 10%. The importer paid
customs duty and VAT in the amount of P 436,752.30, while ME at P 14,602.50. If the rate of exchange is P 42.00,
determine the following;
208.Dutiable Value
a) P 1,875,000.00 b) P 2,518,000.00 c) P 1,578,000.00 d) P 2,187,000.00

209.Dutiable Insurance
a) $ 860.64 b) $ 430.64 c) $ 680.46 d) $ 564.60

21
 210.Customs Duty paid
a) P 187,500.00 b) P 157,800.00 c) P 185,000.00 d) P 178,500.00

211.VAT paid
a) P 249,252.30 b) P 352,493.50 c) P 295,493.20 d) P 323,525.30

212.Total amount due to the government, duties, taxes and other charges
a) P 438,172.00 b) P 384,271.00 c) P 347,827.00 d) P 487,312.00

213.The total weight of the shipment

a) 25 MT b) 20 MT c) 18 MT d) 16 MT

Cherry Laboratory Inc. imported 1x20’ STC: various chemical products from Germany and paid P 202,500.00 as total
duties, taxes and other charges, customs duty of P 39,000.00. If rate of duty is at 3% at P 42.50/US$, determine:
214.Total landed cost
a) P 1,352,396.00 b) P 1,523,639.00 c) P 1,639,523.00 d) P 1,923,235.00

215.Miscellaneous expense
a) P 13,396.00 b) P 16,339.00 c) P 19,336.00 d) P 10,960.00

JGS imported feed grade grains in bulk from USA worth US $21,900.00 DAT, Batangas. The feed grains are to be
unloaded from the vessel directly to a barge provided by JGS. The expected miscellaneous expense is P 25,000.00
upon filing the entry and consequent release. If JGS paid wharfage per CMO 26-95 in the amount of P 1,700,000.00
exclusive of VAT, determine the following:
216.Total volume imported in metric tons
a) 1,000,000 MT b) 1,500,000 MT c) 500,000 MT d) 750,000 MT

217.Difference in wharfage cost in computing the landed cost if the grains are unloaded at JGS own wharf duly
authorized by PPA as provided by PPA- PMO-NH MC No. 05, S. 1994.
a) P 18.325M b) P 17.725M c) P 16.625M d) P 14.400M

Techwood Metal Industries, Inc. imported via a letter of credit 300 bundles of various tubes and pipes from Taiwan
and paid total customs duty of P 65,500.00 based on duty rate of 5% ad valorem. The arrastre charges and wharfage
dues amounted to P 3,528.00, inclusive of VAT, determine the following:
218.Total duties, taxes and other charges
a) P 233,089.00 b) P 265,012.00 c) P 251,556.00 d) P 273,150.00

219. Value added tax.

a) P 155,689.00 b) P 188,698.00 c) P 166,589.00 d) P 199,155.00

An importer paid P 139,290.00 as VAT for his shipment. The excise tax was pegged at 20% of its CIF value. If the
duty and miscellaneous expense was 15% ad valorem and P 10,750.00, respectively, determine the following:
220.Total landed cost
a) P 1,379,990.36 b) P 879,973.36 c) P 1,099,376.63 d) P 990,379.63

22
 221.Dutiable Value
a) P 765,765.76 b) P 923,923.92 c) P 809,809.81 d) P 851,851.85

222.Customs Duty
a) P 135,556.00 b) P 115,115.00 c) P 142,142.00 d) P 127,778.00

A shipment STC: Pet Foods from Australia was shipped based on CPT with 5% rate of duty. FCA per invoice
indicated AU$5,248.15. Freight at AU$524.82 per bill of lading, while local insurance was secured at P1,326.00
premium. If the value added tax paid was P30,880.00, while the exchange rate are P43.00 / US$ and P40.9668 /
AU$, determine:
223.CIF Value
a) $ 4,584.35 b) $ 5,855.45 c) $ 5,530.84 d) $ 4,985.54

224.Total Gross weight of importation in metric tons

a) 9.55 b) 10.11 c) 15.22 d) 12.33

M&M Foods imported from Xiamen, China 3 x 20FCL reefer vans consisting of frozen meat with total CIF value of
$15,750.00. The covering invoice shows ocean freight charges of $ 1,200.00 per container. However, upon
lodgement of the IEIRD, no certification from the shipping line was presented to the BOC showing actual freight paid.
225.Determine the dutiable value to be assessed by customs. E/R at P 42.50/US$.
a) P 767,625.00 b) P 737,256.00 c) P 787,652.00 d) P 707,625.00

Titosen Paints imported 100 drums of denatured alcohol from Germany with total CFR value of Euro15,492.83. The
commercial invoice reveals total ocean freight charges of Euro1,241.00 while the bill of lading indicated the ocean
freight of Euro1,365.19. The importer secured local insurance and paid a premium of P 11,437.50. The insurance
certificate together with the official receipt was presented to customs upon filing of the entry. E/R are P 42.50 / US$
and P51.3665 / Euro. Determine the following:
226.Total FOB Value
a) $ 16,625.00 b) $ 16,550.00 c) $ 16,775.00 d) $ 16,750.00

227.Dutiable Insurance per CMO 22-2007.

a) $ 83.88 b) $ 269.12 c) $ 332.50 d) $ 228.00

228.Dutiable Freight as component of the Dutiable Value.

a) $ 1,500.00 b) $ 1,155.00 c) $ 1,650.00 d) $ 1,050.00

229.Total Dutiable Value

a) $ 18,208.88 b) $ 18,975.00 c) $ 18,382.50 d) $ 18,694.12

A shipment arrived at the port of Manila said to contain various ceramic tiles loaded in a 40 footer container. If the
combined brokerage fee and dutiable value of the said shipment is P 705,925.00 and the declared import processing
fee is valued at P 750.00;
230.Determine the brokerage fee per CAO 1-2001.

23
 a) P 5,925.00 b) P 5,300.00 c) P 5,259.00 d) 5,592.00

A shipment of 1x20FCL STC: 25-units of automatic vending machines arrived at the MICP from Korea. If the dutiable
value and customs duty had a combined amount of P 360,500.00, compute the following if the importer filed an IED
and paid an advance duty of P 11,750.00.
231.Customs Duty if Rate of Duty is 3%
a) P 10,850.00 b) P 12,500.00 c) P 10,500.00 d) P 11,750.00

232.Final duties, taxes and other charges if total miscellaneous expense was valued at P 7,500.00 and E/R at
P 42.00/US$.
a) P 51,650.00 b) P 43,620.00 c) P 49,810.00 d) P 50,550.00

A shipment, subject to payment of excise tax paid total value added tax in the amount of P 192,000.00 while the
customs duty amounted to P 112,500.00 based on duty rate of 10% ad valorem. If the total misc. expense was
computed at P 12,500.00, compute the following:
233.Total Landed Cost
a) P 1,250,000.00 b) P 1,520,000.00 c) P 1,500,000.00 d) P 1,000,000.00

234.Total Excise Tax

a) P 350,000.00 b) P 300,000.00 c) P 400,000.00 d) P 450,000.00

235.Total Brokerage Fee, inclusive of VAT

a) P 7,231.00 b) P 7,312.00 c) P 6,456.00 d) P 6,645.00

ZNON opened a letter of credit and made an advance payment of P 92,000.00 for a crate of raw materials. Prior to
release of said cargo, ZNON must pay the final assessment of P 70,217.00 to BOC including P 18,000.00 customs
duties for a landed cost of P 575,000.00. If the bill of lading showed freight cost at US$ 150.00, compute the
following:
236.Payable excise tax for a 10% rate of duty.
a) P 75,851.00 b) P 81,575.00 c) P 66,935.00 d) P 67,158.00

237.Dutiable Value
a) P 210,000.00 b) P 290,000.00 c) P 198,000.00 d) P 180,000.00

238.FCA Value if exchange rate is P 42.00 per US$.

a) $ 5,440.26 b) $ 5,050.62 c) $ 4,540.26 d) $ 4,054.62

239.CIP Value
a) $ 5,871.24 b) $ 5,148.14 c) $ 4,152.45 d) $ 4,285.71

First Gen Hydro Power Corp. imported 2x20’ stc: various electrical equipments for the rehabilitation and repair of its
power plant in Pantabangan, Nueva Ecija. A Certificate of Authority to Import (CAI) was issued by the BOI granting

24
said shipment pursuant to the provisions of E.O. 528. The invoice shows total value of $ 80,000.00 DDP,
Pantabangan which included freight charges from the MICP to Nueva Ecija amounting to $500.00. If the rate of duty
was 3%, the import processing fee at P1,000.00, exchange rate at P 42.00/$1.00 and miscellaneous expenses at
P 30,500.00;
240.Compute total amount due to the BOC.
a) P 461,162.00 b) P 405,550.00 c) P 358,545.00 d) P 505,720.00

241.Determine the arrastre charge inclusive of VAT for an importation of 2x20FCL STC: Class 4 Flammable
Solids to be unloaded at the Port of Manila.
a) P12,522.72 b) P9,183.33 c) P8,348.48 d) P10,435.60

A shipment of several 40FCL paid arrastre charge amounting to P92,898.06 inclusive of VAT. The shipment consist
of Class 2 (Gases) and Class 9 (Irritants) Dangerous Cargoes. Determine the number of 40FCL for each class if the
ratio in shipment order is 3:1.
242.Number of Class 2 Containers
a) 12 x 40FCL b) 3 x 40FCL c) 6 x 40FCL d) 9 x 40FCL

243.Number of Class 9 Containers

a) 1 x 40FCL b) 2 x 40FCL c) 3 x 40FCL d) 4 x 40FCL

244.Jewel Link imported 1x20FCL STC: 8,000 kgs Oxidizing Agent from Australia for precious metal processing
purposes. Determine the combined cost of arrastre and wharfage charges inclusive of VAT.
a) P4,755.91 b) P4,246.35 c) P4,619.04 d) P5,173.33

245.In preparation for the Phil Annual Firecracker Exhibition held in Manila, Bulacan Fireworkx imported
1x20FCL firecracker grade gunpowder for the production of fireworks. How much is the arrastre and
wharfage charges payable to the operators?
a) P6,843.03 b) P4755.91 c) 4,246.35 d) 5,173.33

A shipment arrived at NAIA from UK consisting of 50 boxes of various apparels. Each box has a dimension of
30 cm x 50 cm x 90 cm. The air waybill shows actual gross weight of 1,050 kgs while the IATA freight rate is at
Euro 1.45 / kg. Invoice indicated total CPT value of Euro 10,198.17 while the total air freight charges declared at
IEIRD was at $1,250.50. E/R are P42.50/US$ and P51.3665 / Euro. Compute the following:
246.Total IATA Freight Charge
a) $ 1,250.50 b) $ 1,837.50 c) $ 1,378.13 d) $ 1,968.75

247.Dutiable Insurance per CMO 22-2007

a) $ 207.41 b) $ 218.91 c) $ 209.71 d) $ 221.51

248.Total Customs Value

a) $ 10,947.55 b) $ 10,367.55 c) $ 11,488.25 d) $ 11,075.25

249.Total Dutiable Value

25
 a) P 583,779.39 b) P 563,783.96 c) P 549,380.76 d) P 553,873.50

250.A Ten (10) ton heavy equipment is to be discharge shipside at the Port of Cebu. Determine the amount of
checking charge to be charge by the operator for the handling of this cargo inclusive of VAT.
a) P170.00 b) P180.00 c) P190.40 d) P201.60

General Mills imported wheat in bulk from Russia and was discharged at their own wharf in Batangas operation of
which was authorized by the Phil Ports Authority and to whom wharfage due was paid in the amount of
P 102,620.00 inclusive of VAT.
251.Compute the arrastre charges to be declared in the IEIRD net of VAT.
a) P 40,000.00 b) P 43,000.00 c) P 25,000.00 d) P 27,000.00

A customs broker filed at the Bureau of Customs various warehousing entries for its 2 clients and likewise filed
several permits as follows;
A: 2 Complete Withdrawal B: 4 Complete Withdrawal
A: 3 Partial Withdrawal B: 2 Partial Withdrawal

Compute the following:

252.Total brokerage fee per CAO 1-2001, collectible from Importer A if the total dutiable values were
P 1,500,000.00 for each complete withdrawal and P 1,000,000.00 for each partial withdrawal.
a) P 8,500.00 b) P 15,750.00 c) P 9,500.00 d) P 18,000.00

253.Total brokerage fee per CAO 1-2001, collectible from Importer B if the total dutiable values were
P 3,200,000.00 for each complete withdrawal and P 1,600,000.00 for each partial withdrawal.
a) P 10,000.00 b) P 20,000.00 c) P 11,000.00 d) P 21,000.00

Asia Garments imported wearing apparels which were discharged at PO3 – Informal Entry Division. If the computed
value added tax amounted to Php 2,010.00 and customs duty is Php 1,877.23 at 10% rate of duty;
254.Determine the amount of Import Processing Fee
a) .P250.00 b) P500.00 c) P750.00 d) P1,000.00

Phil Packaging Imported from Germany 2x40FCL STC: 60 Reels of Advantage Paper, 51,304 kgs at Euro 45,150.00
CIF, Manila. Certifications were attached on the documents and indicated the FOB value to Euro 41,910.00. If the
freight per B/L indicated US$ 4,280.00 and insurance premium at US$26.15;
255.Determine the correct dutiable value when the prevailing exchange rates are P42.00 / US$
and P51.3665 / Euro.
a) P2,333,628.36 b) P2,319,197.58 c) P2,400,975.18 d) P2,422,517.25

12,000 meters of cotton woven fabric arrived at the South Harbor valued at $1.50 per yard, CFR, Manila which
included handling charges of $0.10 per ft. Subject shipment was loaded into 2x40’ containers & the ocean freight was
paid based on $750.00 per TEU. Compute the following:
256.Total Ocean Freight
a) $1,500.00 b) $3,000.00 c) $2,250.00 d) $4,500.00

26
 257.Total CFR Value
a) $19,680.00 b) $16,890.00 c) $18,960.00 d) $17,860.00

258.Total FOB Value

a) $11,620.00 b) $15,750.00 c) $16,680.00 d) $31,500.00

259.FOB Value per yard

a) $1.25 b) $1.30 c) $1.27 d) $1.35

SmokeLess Cigarettes Inc. imported 2,000 units of e-cigarettes from Malaysia with each unit weighing 135 grams.
260.For a prevailing IATA Rate: US$3.00 / kg (up to 45 kgs); US$1.80 / kg (over 45 kgs); FSC: US$0.20 / kg;
SSC: US$0.10 / kg, and CIP of US$20.00 per unit, determine the brokerage fee when the prevailing
exchange rate is P43.00 / US$.
a) P7,283.00 b) P7,235.00 c) P7,288.00 d) P7,200.00

PART IV. EXCISE TAX

A shipment, subject to payment of excise tax paid total value added tax in the amount of Php192,000.00 while the
customs duty amounted to Php112,500.00 based on duty rate of 10% ad valorem. If the total misc. expense was
computed at Php12,500.00, compute the following:
261.Total Landed Cost
a) P1,250,000.00 b) P1,520,000.00 c) P1,500,000.00 d) P1,000,000.00

262.Total Excise Tax

a) P350,000.00 b) P300,000.00 c) P400,000.00 d) P450,000.00

ZNON opened a letter of credit and made an advance deposit of P92,000.00 for a crate of raw materials. Prior to
release of said cargo, ZNON must pay the final assessment of P70,217.00 to BOC including P18,000.00 customs
duties for a landed cost of P575,000.00. If the bill of lading showed freight cost at US$150.00, compute the following:
263.Payable excise tax for a 10% rate of duty.
a) P75,851.00 b) P81,575.00 c) P58,755.00 d) P67,158.00

264.FCA Value if exchange rate is P42.00 per US$.

a) $5,440.26 b) $5,050.62 c) $4,540.26 d) $4,054.62

Malate Bar Corp. Imported 600 boxes of Dunhill Menthol cigarettes. Each box contains 30 reams with each ream
consisting of 10 packs .
265.Based on suggested retail price of Php40.00 per pack compute the excise tax net of VAT for a corporate
mark up of 35% to profit, cover duties and taxes.
a) P4,222,000.00 b) P5,028,000.00 c) P5,642,000.00 d) P4,860,000.00

Smart Cigars and Cigarettes, Inc. imported 400,000 sticks of Indonesian Cantik cigarettes, packed by hand.

27
 266.Determine total specific tax, inclusive of VAT.
a) Php340,000.00 b) Php336,000.00 c) Php250,664.00 d) Php268,800.00

Cavite Cooperative will release from Customs custody 500 bales of tobacco for chewing. If each bale weighs 125
pounds .
267.How much is the total excise tax, net of VAT, due for this shipment?
a) Php40,956.00 b) Php53,471.00 c) Php44,226.00 d) Php55,566.00

Marubeni Corporation imported 45,000,000 pounds of coal in bulk from Indonesia. Total FOB value was $150,000.00
while total ocean freight amounted to $10,000.00.
268.How much is the total excise tax, inclusive of VAT?
a) Php138,550.00 b) Php184,576.00 c) Php155,176.00 d) Php228,614.00

DMCI imported several drums of asphalt from the Middle East with each drum having a gross weight of 1,050 pounds
and net weight of 1,000 pounds and dutiable value of P20.00 per kg. If the total specific tax paid was P159,320.00
inclusive of VAT, determine:
269.Total number of drums imported
a) 500 b) 600 c) 650 d) 560

Golay Buchel, Inc. imported from Thailand assorted jewelleries with total FCA value of $25,500.00. Freight charges
per AWB indicated the amount of $2,500.00.
270.Compute total excise tax to be paid, inclusive of VAT based on 2% insurance premium and exchange rate
of P 42.50/ $ 1.00.
a) Php241,045.98 b) Php245,357.93 c) Php269,971.50 d) Php271,415.20

VELLA Motors Sales Corp. Imported 3 units - automobiles, 5-seater, 2014 model. The covering invoice reveals the
following information; FOB value $30,064.00/unit net of wholesale allowance, ocean freight charges - $715.00/unit,
marine insurance - $400/unit with accompanying receipt. The B/L indicated the total ocean freight charges at
$2,250.00 while the total miscellaneous expenses amounted to Php18,569.68. An advance deposit of Php610,223.00
was paid based on the prevailing Exchange Rate of Php42.50/$ upon opening of the Letter of credit. Determine the
following:
271.Total Customs Duty
a) Php1,319,060.50 b) Php1,412,707.00 c) Php1,255,581.00 d) Php1,193,937.00

272.Total Ad Valorem tax, net of VAT

a) Php1,576,659.00 b) Php1,456,399.00 c) Php1,416,659.00 d) Php1,399,569.00

273.Total VAT
a) Php721,219.00 b) Php788,210.00 c) Php721,219.00 d) Php791,022.00

28
An importation of Dragon Brand Cigarettes 10’s and paid a total excise tax of P2,856,000.00 inclusive of value added
tax. Said cigarettes will have an SRP of P16.00. To cover profit, duties and taxes, the importer imposed 40% markup.
274.How many packs were imported?
a) 100,000 b) 150,000 c) 200,000 d) 250,000

An importer paid P139,290.00 as VAT for his shipment. The excise tax was pegged at 20% of its CIF value. If the
duty and miscellaneous expense was 15% ad valorem and P10,750.00, respectively, determine the following:
275.Dutiable Value
a) P765,765.76 b) P823,923.92 c) P851,851.85 d) P793,794.79

Jamaica Trading will import Gonsai Beer from Vietnam to introduce to the Philippine market and compete with the
existing beer products. Commercial invoice shows 1,000 cases of Gonsai Beer in 33.82 (US) fl oz bottle, with each
case containing 6 bottles with 5% alcohol content. If the excise tax paid was P114,240.00 VAT included,
276.Determine the net retail price used to compute the taxes.
a) Php60.00 b) Php58.00 c) Php52.00 d) Php45.00

An LCL shipment stc: 1,600 bottles of Carbonated Wines with volumetric capacity of 750ml per bottle paid
P41,932.80 as excise tax inclusive of value added tax. If the miscellaneous expense was paid at P1,200.00,
277.What is the % alcohol content of each bottle?
a) 20% b) 18% c) 16% d) 14%

JLN Wines and Spirits imported from Spain three hundred fifty (350) cases of Napoleon Brandy with each case
containing 6 bottles. Each bottle had a volume capacity of 1,000 ml rated at 42% alcohol content, paid an excise tax
of P233,730.00. Two hundred (200) cartons of Arctic Vodka rated at 80 proof with each carton containing 12 bottles
of 750 ml volume capacity per bottle. Its excise tax was P92,160.00. One thousand (1,000) boxes of Lone Star Beer
in 330 ml cans with each case containing 24 cans with 5% alcohol content and NRP of P42.00/can. Compute the
following:
278.NRP per bottle of the Brandy
a) Php700.00 b) Php800.00 c) Php850.00 d) Php750.00

279.NRP per bottle for the Vodka

a) Php293.33 b) Php329.22 c) Php220.00 d) Php329.00

280.Excise tax for Lone Star Beer

a) Php172,660.00 b) Php190,120.00 c) Php167,210.00 d) Php176,220.00

281.Determine the proof liter of an alcohol product having a 10,000 gauge liter and 80 proof.
a) 7,500 b) 8,000 c) 8,500 d) 9,000

282.Determine the applicable specific tax rate per kilogram for a shipment of 1x20FCL stc: 90 bales of tobacco
product prepared or partially prepared with or without the use of machine. The FCA value declared was
US$250.00 per bale.
a) P1.56 b) P1.75 c) P2.00 d) P1.82

29
The total excise tax for a shipment of Bubbles Sparkling wines was computed at Php4,892,160.00 inclusive of VAT
and was based on excise tax rate of Php728.00 per liter.
283.If the volume capacity per bottle was 10 deciliters , How many bottles were imported?
a) 3,600 bottles b) 2,800 bottles c) 5,400 bottles d) 6,000 bottles

JGS imported feed grade grains in bulk from USA worth US$21,900.00 CIF, Batangas. The feed grains are to be
unloaded from the vessel directly to a barge provided by JGS. The expected miscellaneous expense is P25,000.00
upon filing the entry and consequent release. If JGS paid wharfage per CMO 26-95 in the amount of P1,700,000.00
exclusive of VAT, determine the following:
284.Total volume imported in metric tons
a) 100,000 MT b) 1,000,000 MT c) 500,000 MT d) 350,000 MT

A returning resident brought with him his 4-year old, 2009 Model Cougar 2-door Sedan S3.2 and paid the following
charges:
Duties, taxes and other charges: P1,525,792.00
Freight cost: $1,500.00
Insurance premium: $500.00
285.Determine the book value when exchange rate is at P42.00/US$ and landed cost per BOC computation is
P2,312,558.00.
a) $86,815.40 b) $83,518.89 c) $83,797.23 d) $83,851.84

A shipment of 100 bottles Napoleon Brandy and 500 pieces of empty bottles is valued at $2,500.00 CFR and
$150.00 CFR, respectively. If the freight cost for the brandy is at $283.02. Compute for the following if the marine
insurance premium paid was 4% of total FOB value:
286.Dutiable insurance for the brandy. (INS)
a) $68.88 b) $74.20 c) $72.40 d) $88.68

287.Dutiable insurance for the empty bottles. (INS₂)

a) $5.32 b) $7.24 c) $8.68 d) $4.74

A returning resident brought home his car from his country of assignment and paid an ad valorem tax of
P752,000.00. If the freight charge and insurance was valued at US$300.00 and US$400.00,
288.Determine the NMSP as basis of computing the ad valorem tax.
a) P1.6M b) P2.5M c) P2.1M d) P1.1M

A returning resident bought his brand new car model 2012 from a dealer two years ago. Knowing that he is entitled to
bring home a car, he secured the BIS and prepared all the requisites. While the customs duty paid was P285,000.00.
289.Determine the depreciated value of his car if the ocean freight indicated in the bill of lading was US$300.00,
secured insurance at the origin is 4%, of car depreciated value, while rate of exchange is P40.00.
a) $23,267.50 b) $22,548.08 c) $24,506.36 d) $25,052.23

30
A shipment of Bubble Sparkling Wines having a net retail price of P600.00 per liter is valued with an Excise Tax
amounting P2,340,000.00. If the volumetric capacity per bottle is 750 ml,
290.How many bottles were imported?
a) 9,000 b)1 6,000 c) 12,500 d) 12,000

291.Real Spirits imported several boxes of Flag Vodka 25% Proof from Russia and paid a total excise tax of
P690,000.00. If the volume capacity per bottle is one liter and six bottles in a box. Determine the NRP per
bottle for P187.50 excise tax paid per box.
a) P700.00 b) P625.00 c) P600.00 d) P735.00

House of Bubbles imported Bubbly Beer from Germany. Commercial invoice shows 2,000 boxes in 330 ml cans, with
each box containing 24 cans with 5% alcohol content. Its net retail price was Php48.00 per can.
292.Determine the total excise tax inclusive of VAT for this new brand to be sold at the Bubbles Pub exclusively.
a) Php467,531.00 b) Php490,380.00 c) Php461,261.00 d) Php481,381.00

A 2x20 FCL shipment STC: Chamdor Sparkling Wine arrived at the Port of Cebu. The net retail price of Chamdor
Uno Sparkling wines in the first 20FCL is P600.00 per liter in 750 ml volume capacity. While Chamdor Dos Sparkling
wines in the second 20FCL have a net retail price of P700.00 per liter in same volume capacity. If the combined
excise tax paid is in the amount of P14,792,960.00 as per receipt presented and the combined net retail sales is
expected to be P17,250,000.00, determine the following;
293.Number of bottles in 1st container
a) 17,230 b) 17,410 c) 17,820 d) 17,640

294.Number of bottles in 2nd container

a) 18,608 b) 18,037 c) 18,406 d) 18,204

An importation of Empilites Carbonated Wines consisted of several 1-liter bottles with 14% AC and 24% AC
respectively. If the total excise tax per receipt paid for the entire shipment amounted to P263,424.00, determine the
gage liter per variant imported for 2,016 proof liters and the individual excise taxes net of VAT.
295.Gage liter for 14% AC
a) 7,151.16 b) 5,171.60 c) 6,115.16 d) 5,871.61

296.Gage liter for 24% AC

a) 3,181.43 b) 1,183.43 c) 4,383.11 d) 1,811.11

297.ET for 14% AC

a) P131,654.23 b) P151,456.23 c) P161,354.23 d) P141,564.23

298.ET for 24% AC

a) P73,846.03 b) P84,736.03 c) P93,864.03 d) P69,468.03

31
Naples Winery imported 1,000 cases of Staples Still Wines. Said cases contain 24,000 bottles and were brought in at
the Port of Davao. If each bottle has 15% alcohol content, determine the following for 300ml bottle.
299.Specific tax rate per bottle
a) P18.72 b) P31.20 c) P62.40 d) P19.82

300.Total excise tax inclusive of VAT

a) P475,200.00 b) P540,000.00 c) P523,422.00 d) P503,194.00

Ching Bee trading imported 1x40FCL STC: 180 bales of tobacco (1) fine cuts and (2) chewing tobacco and paid
excise tax total amounting to P39,900.00 with VAT. If 1 bale weighs 275.575 pounds, determine the following;
301.Quantity imported for (2) chewing tobacco, in kgs
a) 11,250 b) 22,500 c) 20,460 d) 15,550

302.Excise tax paid for item (2) net of VAT

a) P31,913.00 b) P31,525.00 c) P31,125.00 d) P31,712.00

303. Excise tax paid for item (1) net of VAT

a) P3,752.00 b)P3,125.00 c) P3,572.00 d) P3,712.00

An importation of 30,000 liters by volume of Gin Tonic is found to have 18,000 proof liters. If the total excise tax paid
was P684,000.00;
304.How much proof does the fortified wine possess as basis of computing the ad valorem tax?
a) 45 b) 50 c) 55 d) 60

305.What is the net retail price per liter capacity?

a) P100.00 b) P110.00 c) P120.00 d) P130.00

An alcoholic product importation of 30,000 liters by volume is found to have 18,000 proof liters. If the net retail price
per proof liter is P211.54 ;
306.How much is the corresponding net retail price per gauge liter?
a) P130.00 b) P127.00 c) P140.00 d) P122.00

307.How much is the total excise tax exclusive of VAT?

a) P787,248.00 b) P799,044.00 c) P769,505.00 d) P711,939.00

An importation of 10,000 liters by volume is found to have 5,400 proof liters. If the net retail price per proof of this
alcoholic product is P2.407;
308.How much is the corresponding net retail price per gauge liter?
a) P100.00 b) 120.00 c) P125.00 d) P130.00

309.How much is the total excise tax inclusive of VAT?

32
 a) P296,838.00 b) P268,938.00 c) P238,896.00 d) P286,839.00

An importation of still wines 10,000 liters by volume is found to have 2,800 proof liters. If the net retail price is
P375.00 per %Pf;
310.How much is the corresponding net retail price per liter?
a) P100.00 b) 120.00 c) P105.00 d) P95.00

311.How much is the total specific tax inclusive of VAT?

a) P112,112.00 b) P125,520.00 c) P120,512.00 d) P110,100.00

Jemars Trading will import Ishapah Beer from Dubai to compete with the existing beer products in the market.
Commercial invoice shows 2,000 cases in 330 ml cans, with each case containing 24 cans with 5% alcohol content.
Its net retail price is Php31.00 per can.
312.Compute the excise tax VAT included
a) Php317,590.00 b) Php311,124.00 c) Php301,594.00d) Php298,240.00

Moonshine Wines and Spirits imported from Spain 600 cases of Napoleon Brandy with each case containing 6
bottles. Each bottle had a volume capacity of 1,000 ml rated at 42% alcohol content. 200 cartons of Arctic Vodka
rated at 80 proofs with each carton containing 12 bottles of 750 ml volume capacity per bottle. 500 boxes of Guzzlers
Beer, in 750 ml bottles, with each box containing 12 bottles and 5% alcohol content and NRP of P25.00 per bottle.
Determine the following when excise taxes paid amounted to P448,761.60 and P72,172.80 for the brandy and vodka
respectively, inclusive of value added taxes;
313.NRP per bottle of Napoleon Brandy
a) Php856.00 b) Php750.00 c) Php642.00 d) Php563.00

314.NRP per bottle of Arctic Vodka

a) Php123.75 b) Php187.00 c) Php130.75 d) Php134.00

315.Excise tax, VAT included for the Guzzler Beer sold exclusively at Danny’s Restaurant in Malate, Manila
a) Php131,040.00 b) Php156,700.00 c) Php146,765.00 d) Php196,255.00

Bar Hopping Corp. paid a total excise tax of P6,980,400.00 net of VAT for its importation of 500 boxes of Dunhill
Menthol cigarettes. Each box contains 50 reams with each ream consisting of 10 packs. 100 boxes of Copa Cobana
Cigars from Cuba. Each box contains 20 Cigars with each Cigar. Determine the following:
316.Based on Net Retail Price of Php30.00/pack, compute total excise tax for the cigarettes, net of VAT.
a) Php7,222,300.00 b) Php6,750,000.00 c) Php6,642,600.00 d) Php7,250,000.00

317.How much is the total excise tax due for the cigar, inclusive of VAT?
a) Php244,000.00 b) Php250,000.00 c) Php258,048.00 d) Php263,500.00

Flying W imported 500,000 liters of lubricating oils in bulk from Russia with specific gravity of 0.80 and weighs of
400,000 kgs. CIF value is $357,142.86. The freight costs $17,430.00 and was dully certified. If the duty rate,
miscellaneous expense and exchange rate were 10%, P28,993.50 and P42.00/US$ respectively, determine:
318.Value added tax pursuant to RA 9337, Sec. 148.a
a) P1,983,479.00 b) P2,199,479.00 c) P1,749,983.00 d) 2,599,988.00

33
 319.Total FOB Value
a) $326,646.98 b) $462,398.26 c) $398,622.46 d) $426,986.32

320.Dutiable Insurance
a) $13,065.88 b) $15,088.65 c) $14,075.38 d) $12,099.85

321.Arrastre charge per ACOS If the oil will be unloaded shipside at POM
a) P13,600.00 b) P7,200.00 c) P44,000.00 d) P3,200.00

David Tan Group Corp imported 45,000,000 pounds of coal in bulk from Indonesia, duty-free. Total FOB value was
$150,000.00 while total ocean freight and miscellaneous expense amounted to $10,000.00 and P86,000.00,
respectively.
322.How much is the total excise tax, inclusive of VAT?
a) Php138,550.00 b) Php155,176.00 c) Php184,576.00 d) Php228,614.00

323.Determine the VAT Base

a) Php7,299,120.00 b) Php7,323,614.00 c) Php7,213,120.00 d) Php7,237,614.00

324.For a shipment of Rose Red Wine with total volume of 1,350 liters, of 12% AC, in 750 ml bottles, compute
the number of bottles imported if there are 12 bottles per box.
a) 100 b) 150 c) 200 d) 250

325.Several cases of Lager Light Beer in cans were unloaded at the Port of Manila. Determine the number of
cans unloaded when the volume capacity is 7,680 liters for a 320 ml can.
a) 1,000 b) 500 c) 1,250 d) 750

326.Spring Maids brought in several bottles of 750 ml Chamdor Sparkling Wine and paid P56,250.00 excise tax.
For a net retail price of P600.00 per liter, determine the number of bottles imported.
a) 300 b) 550 c) 600 d) 650

327.Compute the appropriate excise tax for 420 liter volume capacity of Jiggles Carbonated Wines having 15%
alcohol content if the net retail price is P200.00 per one liter bottle.
a) P 25,380.00 b) P 26,208.00 c) P 23,400.00 d) P 25,200.00

328.A shipment of 1,500 cases - Johnny Walker Black arrived at the MICP. Each case contains 6 bottles with
each bottle having a 1 liter volume capacity rated 86 proof. Compute the total volume in gauge liters.
a) 9,000 GL b) 15,000 GL c) 3,000 GL d) 30,000 GL

329.Determine the % alcohol content by volume for 1,000 bottles of Absolute Vodka with total proof liters of 675
and volume capacity of 7.5 deciliters per bottle.
a) 36 % AC b) 44 % AC c) 40 % AC d) 45 % AC

34
 330.An importation of Napoleon Brandy arrived at the Port of Cebu consisting of 750 boxes with each bottle
having a volume capacity of 0.75 liters. Compute the total number of bottles if its total volume was 3,945
liters.
a) 5,260 bottles b) 3,520 bottles c) 3,500 bottles d) 4,560 bottles

331.What is the volume capacity in milliliters per bottle for a shipment of 150 boxes Red Wines with each box
containing 6 bottles rated at 12% alcohol content and total volume capacity of 675 gauge liters?
a) 300 ml / btl b) 700 ml / btl c) 350 ml / btl d) 750 ml / btl

332.A shipment stc: 200 cases of Perrier’s Jouet Champagne had a total volume capacity of 840 liters. How
many bottles are there in each case if each bottle contains 700 milliliters?
a) 6 bottles / case b) 12 bottles / case c) 10 bottles / case d) 24 bottles / case

ZZ Wines imported 500 (750 ml) bottles of champagne had a net retail price of P 600.00 / btl. How much is the
excise tax to be paid (net of VAT) and total volume in milliliters?
333.Excise Tax to be paid (net of VAT)
a) P 300,500.00 b) P 273,000.00 c) P 350,000.00 d) P 262,500.00

334.Total Volume
a) 300,000 ml b) 750,000 ml c) 350,000 ml d) 375,000 ml

335.A shipment consisting of 100 boxes of still wines had a degree of strength of 5% alcohol content by volume.
If the excise tax was at P 23.40 per bottle and its total volume was 600-liters, how many bottles were
imported?
a) 400 bottles b) 800 bottles c) 600 bottles d) 1,600 bottles

336.CBA Corp. imported 2400 bottles of Tall Brand Whiskey with volume capacity of 330 ml bottle, 40 % alcohol
content, and net retail price of P 30.00 per bottle. Compute total excise tax, VAT included.
a) P 21,312.00 b) P 28,721.00 c) P 42,132.00 d) P 23,870.00

337.Circling Stars brought in some cases (6 bottles per case) of sparkling wines and paid P 18,720.00 excise tax
net of VAT. If the NRP per liter is P 653.00, how many cases of 750-ml bottles were brought in?
a) 8 cases b) 16 cases c) 10 cases d) 14 cases

338.Importation with following information: Smooth Champagne; NRP = P 600.00 per liter, NOB = 12000,
VC = 750 ml per bottle. Compute the total excise tax with VAT.
a) P 2,620,800.00 b) P 2,225,800.00 c) P 2,502,800.00 d) P 2,520,800.00

35
JLN Wines and Spirits imported from Spain the following:
350 cases of Napoleon Brandy with each case containing 6 bottles. Each bottle had a volume capacity of
1,000 ml rated at 42% alcohol content, paid an excise tax of P 233,730.00.
200 cartons of Arctic Vodka rated at 80 proof with each carton containing 12 bottles of 750 ml volume capacity per
bottle. Its excise tax was P 92,160.00. Compute the following:
339.NRP for the Brandy per Liter
a) P 700.00 b) P 800.00 c) P 850.00 d) P 750.00

340.NRP for the Vodka per Liter

a) P 293.33 b) P 329.22 c) P 322.92 d) P 229.45

341.What is the excise tax rate per bottle of a whiskey imported with NRP of P 480.00 per 500 ml bottle?
a) P 63.00 b) P 82.00 c) P 58.00 d) P 75.00

342.An importation of 200 cartons of Arctic Vodka rated at 80 proof with each carton containing 12 bottles of 750
ml volume capacity per bottle. If the net retail price was indicated at 0.424 centavos per % AC, compute the
total excise tax net of VAT.
a) P 94,740.00 b) P 74,940.00 c) P 97,440.00 d) P 79, 770.00

The Pavilion imported 1,200 cases of Heineken flavor beer in bottles. Each bottle had a volume capacity of 1 liter and
each case contains 6-bottles with 5 % alcohol content by volume. The net retail price is P 25.00 per bottle. Compute
the following based on Exchange Rate of P 42.50/$1.00;
343.Specific tax rate used in computing the excise tax
a) P 22.25 / L b) P 19.00 / L c) P 14.00 / L d) P 21.39 / L

344.Total excise tax, net of VAT

a) P 154,008.00 b) P 124,000.00 c) P 111,000.00 d) P 160,200.00

345.Malate Bar Corp. Imported 300 boxes of Dunhill Menthol cigarettes. Each box contains 50 reams with each
ream consisting of 10 packs. Based on Net Retail Price of P 30.00/pack, compute total excise tax, net of
VAT.
a) P 5,222,300.00 b) P 5,028,700.00 c) P 4,050,000.00 d) P 3,430,000.00

346.An importation of Dragon Brand Cigarettes 10’s and paid a total excise tax of P 3,400,000.00. Said
cigarettes will have an SRP of P 16.00. To cover corporate mark up, duties and taxes, the importer imposed
40 % mark up. How many packs were imported?
a) 100,000 b) 150,000 c) 200,000 d) 250,000

347.An importation of 400,000 sticks of cigarettes packed by hand was brought in the Port of Manila. Determine
the appropriate amount of excise tax to be paid for this shipment inclusive of value added tax.
a) P 336,000.00 b) P 368,800.00 c) P 340,000.00 d) P 396,600.00

36
 348.Tabacalera Bicolandi, Inc. imported 175 boxes of Cobana Cigars from Cuba. Each box contains 50 Cigars
with each Cigar having a net retail price of P 550.00. How much is the total excise tax due for this shipment,
inclusive of VAT?
a) P 1,481,250.00 b) P 1,128,960.00 c) P 1,539,000.00 d) P 1,563,500.00

349.Batangas Cooperative will release from Customs custody 250 bales of tobacco twisted by hand. If each bale
weighs 165 pounds, how much is the total excise tax, net of VAT, due for this shipment?
a) P 20,956.07 b) P 26,652.09 c) P 32,746.05 d) P 34,054.02

Clear Glass Manufacturing Co. Imported from Japan 20 MT - micro silica sand with total CIF value of $30,000.00. if
the total miscellaneous expenses amounted to P 10,957.50 and its duty rate was at 3%.
350.Determine the total VAT when the rate of exchange is P 42.50/US$.
a) P 189,379.01 b) P 161,965.00 c) P 226,561.49 d) P 158,779.01

351.Marubeni Corporation imported 45,000,000 pounds of coal in bulk from Indonesia. Total FOB value was
$150,000.00 while total ocean freight amounted to $ 10,000.00. How much is the total excise tax, inclusive
of VAT?
a) P 138,550.00 b) P 184,576.60 c) P 155,176.00 d) P 228,612.90

DMCI imported several drums of asphalt from the Middle East with each drum having a gross weight of 1,050 pounds
and net weight of 1,000 pounds and dutiable value of P 20.00 per kg. If the total specific tax paid was P 159,320.00
inclusive of VAT, determine:
352.The excise tax paid per drum
a) P 508.04 b) P 350.03 c) P 254.02 d) P 174.00

353.Total number of drums imported

a) 500 b) 600 c) 650 d) 560

354.Total dutiable value

a) P 6,800,230.00 b) P 5,080,320.00 c) P 4,990,230.00 d) P 6,090,330.00

355.Golay Buchel, Inc. imported from Thailand assorted jewelleries with total FOB value of $ 25,500.00. Freight
charges per AWB indicated the amount of $ 2,500.00 and insured at $ 510.00. Compute total excise tax to
be paid , inclusive of VAT based on exchange rate of P 42.50/ $ 1.00.
a) P 241,045.98 b) P 245,357.93 c) P 269,971.50 d) P 271,415.20

Flying W imported 500,000 liters of kerosene from Russia and CIF value is $ 357,142.86. The barge freight costs
$17,430.00 and was dully certified. If the duty rate, miscellaneous expense and exchange rate were 10%, P
28,993.50 and P 42.00/US$ respectively, determine:
356.Value added tax pursuant to RA 9337, Sec. 148.h

37
 a) P 1,983,479.00 b) P 1,809,974.00 c) P 1,749,983.00 d) P 1,599,988.00

357.Total FOB Value

a) $ 326,646.98 b) $ 462,398.26 c) $ 398,622.46 d) $ 426,986.32

358.Dutiable Insurance
a) $ 13,065.88 b) $ 15,088.65 c) $ 14,075.38 d) $ 12,099.85

359.A shipment of 5,125 cases of 330 ml Vulag Gin, having 94 proof and NRP P159.78 per bottle was brought in
by the Ginners Drink. Determine the amount of excise tax inclusive of VAT for a 24 bottle case.
a) P662.00 b) P772.00 c) P882.00 c) P992.00

PAL imported 500,000 liters of Aviation Turbo Jet Fuel from USA. The unit price of the fuel and prevailing exchange
rate are $2.50 / L P42.50 / US$.
360.Calculate the excise tax to be imposed for this importation including value added tax.
a) P2,996,000.00 b) P2,419,200.00 c) P2,055,200.00 d) P2,672,800.00

PART V. EXCISE TAX ON AUTOMOBILES

A balikbayan brought his 2010 model car from Dubai after his 10 years stay and service. The said car was purchased
three years ago from a dealer in Abu Dhabi. Presenting all the required documentations and obtained all the pre-
requisites for the said automobile. With a declared dutiable value of P530,620.00, combined book value and
insurance of $20,600.00, while dutiable freight is $524.00.
361.Determine the book value
a) $15,350.68 b) $20,550.68 c) $19,963.64 d) $18,350.68

362.Landed cost as basis for customs duty

a) P898,026.00 b) P670,090.00 c) P669,700.00 d) P697,006.00

363.Dutiable Insurance
a) $620.32 b) $636.36 c) $720.23 d) $724.32

364.Ad Valorem Tax

a) P53,924.00 b) P55,912.00 c) P51,121.00 d) P52,198.00

365.Total duties, taxes and other charges payable to BOC

a) P313,588.00 b) P414,338.00 c) P304,322.00 d) P488,313.00

San Lorenzo Hospital, a private hospital, imported 1-unit of a Mobile Radiological Unit and dutiable value declared
was $80,000.00, miscellaneous expense at P7,800.00. At a prevailing exchange rate of P43.00 / US$;
366.Compute the value added tax.
a) P 356,856.00 b) P 536,856.00 c) P 386,656.00 d) P 537,576.00

38
St. Luke’s Hospital brought in from Australia, 6 Units of ambulance with declared dutiable value of $ 21,000.00 per
unit at 30% rate of duty.
367.If the rate of exchange during the lodgment was at P 43.00 per US Dollar, determine the value added tax.
a) P 850,392.00 b) P 859,320.00 c) P 892,852.00 d) P 825,920.00

A Mercedes Benz 300 SE model 1994 was assessed a Customs Duty of P 750,000.00, and miscellaneous expense
of P 1,800.00. Said vehicle is equipped with special roller and guide assembly for loading, unloading and transit of
palls amounting to $1,500.00.
368.Compute the Value Added Tax. E/R is P 43.00/US$.
a) P 203,080.00 b) P 1,203,800.00 c) P 390,216.00 d) P 1,390,216.00

A 2-year old Mercedes Benz 300 SE model 2012 was assessed a Customs Duty of P 750,000.00. The freight was
indicated at US$350.00 and duly receipted while the rate of exchange upon filing the entry was P43.2550 / US$;
369.Compute the Ad Valorem Tax.
a) P 1,606,328.00 b) P 1,579,049.00 c) P 1,590,320.00 d) P 1,551,808.00

370.Compute for the Ad Valorem Tax of a car with 2.3 liter engine and a landed cost of P 595,000.00 pursuant
to RA 9224.
a) P 12,500.00 b) P 11,500.00 c) P 12,900.00 d) P 11,900.00

A returning qualified resident bought his brand new car model 2010 from a dealer three years ago for US$20,000.00.
371.Compute the customs duty due for his car if the ocean freight indicated in the bill of lading is US$300.00,
secured insurance and handling charges at the origin is 4% and 1% respectively, of car depreciated value,
while rate of exchange is P43.00.
a) P 156,750.00 b) P 168,025.00 c) P 155,574.00 d) P 149,310.00

Car Model Year 2011 arrived MICP. The said car was purchased last December 2011 at $18,000.00. If the freight
expense was $ 300.00, insurance premium at $470.00 and exchange rate of P42.50 / US$.
372.Compute the landed cost as basis of Ad Valorem Tax.
a) P 808,623.00 b) P 794,769.00 c) P 802,972.00 d) P 751,188.00

A Car Model Year 2010 arrived MICP. The said car was purchased last May 1, 2011 at Euro16,353.00. If the freight
expense was Euro327.00, insurance premium at Euro370.00 and applicable exchange rates were P42.00 / US$ and
P51.3665;
373.Compute the landed cost as basis of Value Added Tax.
a) P772,971.00 b) P851,199.00 c) P902,671.00 d) P782,860.00

A returning resident bought his brand new car model 2012 from a dealer two years ago for US$ 22,000.00 at 20%
mark up. Knowing that he is entitled to bring home a car, he secured the BIS and prepared all the requisites.
374.Compute the duties, taxes and other charges due for his car if the ocean freight indicated in the bill of lading
was US$300.00, while rate of exchange is P 43.00.

39
 a) P 386,757.00 b) P 418,025.00 c) P 397,997.00 d) P 405,223.00

A Mercedes Benz 300 SE model 2012 was assessed an AVT P1,356,320.00 and customs duty of P750,000.00.
375.Compute the NMSP
a) P2,656,320.96 b) P2,602,986.67 c) P2,992,307.69 d) P2,845,786.67

An OFW wishes to bring home this year her Citroen Xantia 4-Door Sedan Model 2003 which she bought in France
from a French Ambassador four years ago. The Ambassador bought the car from a dealer as brand new in the year
of its issue. The estimated customs duty, freight charges and insurance premium for this car are P157,161.00,
Euro500.00 and Euro300.00 respectively. The ad valorem tax was also estimated at P70,987.00. All calculated using
the prevailing exchange rate of P43.225 / US$ and P52.3665 / Euro.
376.If you will be the customs broker to handle this shipment, what will be the book value you will use for the
computation of duties, taxes and other charges?
a) $28,221.24 b) $24,821.22 c) $21,228.42 d) $22,128.42

VELLA Motors Sales Corp. Imported 3 units - automobiles, 5-seater, with engine displacement of 1,800 cc, 2014
model. The covering invoice reveals the following information; Total CIF - $40,125.00, ocean freight charges -
$725.00/unit, marine insurance - $400/unit. The B/L indicated the total ocean freight charges at $2,250.00 while the
total miscellaneous expenses amounted to P 11,569.68. An advance deposit of P 610,223.00 was paid based on the
prevailing Exchange Rate of P 42.50/$ upon opening of the Letter of credit. Determine the following:
377.Total Customs Duty
a) P 619,060.50 b) P 412,707.00 c) P 555,581.00 d) P 413,412.00

378.Total Ad Valorem Tax, net of VAT if its net MSP - P 1,5000,000.00 / unit
a) P 576,000.00 b) P 456,000.00 c) P 816,000.00 d) P 550,000.00

379.Total VAT for the 3 units

a) P 421,219.76 b) P 388,210.61 c) P 421,219.82 d) P 394,054.76

An OFW is bringing along this year his vehicle which he bought in his country of assignment. The said vehicle was
previously registered to a Foreign Diplomatic Official and which was purchased by the OFW in September 2012. The
automobile is a Mercedes Benz 300 SL Series model 2006 purchased originally at US$45,000.00 in December of its
issued year. The exchange rate upon filling the entry is P45.00 per US$.
380.Determine the total duties, taxes and other charges due for this importation if freight as per bill of lading,
certified insurance and handling charges are US$450.00, US$150.00 and US$300.00, respectively.
a) P 482,738.00 b) P 532,234.00 c) P 509,009.00 d) P 420,169.00

A unit of 1997 Porsche 911 Turbo imported from San Diego, California, United States by a Filipino businessman
based on such Country and residing there for fifteen years, with assessed Customs Duty at Php126,000.00. Bill of
lading indicated freight charge of $350.00.
381.Determine the Ad Valorem Tax if Rate of Exchange is at Php44.07/USD
a) P11,064.00 b) P10,582.00 c) P8,952.00 d) P8,592.00

40
PART VI. REMEDIAL COMPUTATIONS

During a final assessment, the assessor found that the shipment quantity is 12% more than the entry quantity of
8,000 kgs. If the shipment dutiable value is P 45.00 per kg and 3% rate of duty, determine the following:
382.Quantity as found
a) 8,960 kgs b) 8,560 kgs c) 9,091 kgs d) 9,190 kgs

383.Amount of Surcharge to be impose

a) P 1,472.73 b) P 1,773.42 c) P 2,945.46 d) P 2,454.96

DGD Corp had released from customs ten (2) units of machineries under re-export bond with duties, taxes and other
charges amounting to P 40,000.00. If said bond was extended 40 days after its expiration,
384.How much is the surcharge to be paid?
a) P 2,800.00 b) P 2,000.00 c) P 1,600.00 d) P 3,000.00

A shipment was found to have violated Section 608 of the TCCP. The following data was established: Article 10,000
Pieces, Video Discs, recorded (10% duty); Value as Declared $ 3.00/piece; Value as Found: $ 3.50/piece; E/R P
45.00/US$.
385.Determine the percent difference as per CAO 01-2014.
a) 24.86% b) 16.82% c) 38.64% d) 14.29%

386.Amount of surcharge
a) P11,250.00 b) P22,500.00 c) P45,000.00 d) P67,500.00

The customs examiner denied the release of a shipment with dutiable value declared as P200,000.00. Although the
examiner agreed with the value, it was found that the rate of duty should be 20% and imposed a 200% surcharge
against the difference in customs duty in the amount of P20,000.00
387.Determine the rate of duty as declared
a) 3% b) 5% c) 10% d) 15%

388.Determine the percent difference

a) 10% b) 15% c) 20% d) 25%

389.How much is the normal value corresponding to such anti dumping duty per RA 8752 if the exchange rate
during the importation is at P45.00/US$?
a) $288,889.00 b) $199,889.00 c) $258,998.00 d) $188,998.00

A shipment of 4 units used tanker trucks with GVW – 12,000 kgs/unit was assessed to have VAT Base/unit -
P190,038.00, ME/unit - P15,000.00. If the said shipment was found to be in violation of no BIS – CAI, and first
offense made by the importer, find the amount of fine per CAO 4-94.
390.Determine the amount of fine imposed by BOC
a) P91,218.24 b) P91,335.48 c) P84,335.00 d) P84,533.00

41
The Liquidation and Billing Division of BOC sent a notice of liquidation to ABC Corp amounting to P 10,000.00
representing correction of the dutiable freight from $ 300.00 to $ 500.00. If the exchange rate during the transaction
was at P 45.00 per US$, how much will said importer pay the BOC if payment is made;
391.Within ten (10) days after receipt of notice
a) P 9,000.00 b) P 10,000.00 c) P 11,000.00 d) P 12,500.00

392.Within one (1) year after receipt of notice

a) P 9,900.00 b) P 11,000.00 c) P 12,100.00 d) P 13,750.00

393.More than one (1) year after receipt of notice

a) P 11,250.00 b) P 12,500.00 c) P 13,750.00 d) P 15,625.00

DEF Corp paid the amount of P 66,000.00 based on a notice of liquidation received six (6) months ago.
394.How much was the original assessment (balance as found) exclusive of the surcharge?
a) P 60,000.00 b) P 62,000.00 c) P 64,000.00 d) P 66,000.00

GHI Corp paid the BOC the amount of P 93,750.00 based on a notice of liquidation received thirteen (13) months
ago.
395.How much was the original assessment indicated in the notice of liquidation?
a) P 82,500.00 b) P 85,200.00 c) P 75,000.00 d) P 70,000.00

Upon re-assessment made by the assessor at the Liquidation and Billing Division, the duties, taxes and other
charges amounted to P 105,000.00 which is higher by five percent (5%) than the original amount assessed. If the
importer JKL Traders settled the notice of liquidation 3 months after the notice was received, determine the following:
396.Amount indicated in the notice of liquidation
a) P 8,000.00 b) P 7,000.00 c) P 6,000.00 d) P 5,000.00

397.Amount of surcharge to be paid

a) P 8,800.00 b) P 7,700.00 c) P 6,600.00 d) P 5,500.00

MNO Trading Co was penalized by BOC for illegal withdrawal of imported goods from a CBW. If the unpaid duties,
taxes and other charges amounted to P 150,000.00, compute:
398.The amount of surcharge if payment is made within one (1) year
a) P 105,000.00 b) P 95,000.00 c) P 85,000.00 d) P 75,000.00

399.The total amount due to the BOC

a) P 225,000.00 b) P 157,500.00 c) P 142,500.00 d) P 127,500.00

PQR Merchandising Co was penalized by BOC for illegal withdrawal of imported goods from a CBW. If the unpaid
duties, taxes and other charges amounted to P 150,000.00, compute:

42
 400.The amount of surcharge if payment is made after one (1) year
a) P 37,500.00 b) P 75,000.00 c) P 112,500.00 d) P 150,000.00

401.The total amount due to the BOC.

a) P 187,500.00 b) P 225,000.00 c) P 262,500.00 d) P 300,000.00

A bonded warehouse operator paid the amount of P 225,000.00 to Customs inclusive of duties, taxes, other charges
and penalty for illegally withdrawing goods from a CBW. If payment to the BOC was made three (3) years and one
(1) month after withdrawal, compute:
402.The final duties, taxes and other charges
a) P 150,000.00 b) P 128,571.00 c) P 112,500.00 d) P 100,000.00

403.The amount surcharge paid to BOC

a) P 200,000.00 b) P 175,000.00 c) P 150,000.00 d) P 125,000.00

404.An importer paid a surcharge amounting to P 20,000.00 in violation of Sec. 2504, TCCP on its importation of
100 units of whiskey. How much was the customs duty if rate of duty is 15%?
a) P 5,000.00 b) P 10,000.00 c) P 15,000.00 d) P 20,000.00

405.An importer was imposed a penalty by BOC for failure to submit commercial invoice for its importation with
dutiable value of P 50,000.00 subject to 10% ad valorem rate of duty. How much is the surcharge?
a) P 5,000.00 b) P 7,500.00 c) P 10,000.00 d) P12,500.00

406.A shipment of 20 x 20 FCL of agricultural products was declared at US$ 200,000.00 export value and a
customs duty of P 400,000.00. As trade remedy to be recommended by the Secretary of Agriculture, an
anti-dumping duty (ADD) of P 4,000,000.00 is to be imposed on said importation. How much is the normal
value (NV) corresponding to such anti-dumping duty per RA 8752 if the exchange rate during the
importation is at P 45.00/US$?
a) $ 288,889.00 b) $ 199,889.00 c) $ 258,998.00 d) $ 188,998.00

407.A shipment was found to be unmarked (No Country of Origin) arrived at the Port of Cebu. If BOC found the
customs duty amounting to P 10,000.00, determine the marking duty to be imposed when the imported
article is having a rate of duty of 20%.
a) P 1,000.00 b) P 1,500.00 c) P 2,000.00 d) P 2,500.00

A 2010 year model, 4-door, 2,500 cc, 5-seater automobile is consigned to a Japanese consultant stationed in the
Philippines. Upon importation, P 826,090.00 duties, taxes and other charges was posted for said car and was
previously released from the BOC under a re-export bond. Determine the following:
408.Amount of re-export bond.
a) P 662,900.00 b) P 780,620.00 c) P 826,090.00 d) P 862,900.00

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 409.Penalty for late re-exportation (CAO 5-91), when re-exportation was made 30-days after the bond expired.
a) P 53,043.50 b) P 63,043.50 c) P 33,043.60 d) P 43,043.60

410.Penalty for late submission of re-export Documents (CAO 5-91) if said documents were submitted 90-days
after the bond expired.
a) P 4,000.00 b) P 3,000.00 c) P 2,000.00 d) P 1,000.00

411.DGD Corp had released from customs ten (10) units of machineries under re-export bond amounting to
P 2,250,000.00. If said bond was extended 40 days after its expiration and assuming the amount of the
bond corresponds to the total duties, taxes and other charges collectible, how much is the surcharge to be
paid?
a) P 90,000.00 b) P 45,000.00 c) P 250,000.00 d) P 125,000.00

A shipment was found to have violated Section 608 of the TCCP. The following data was established:
Article 10,000 Pcs, Video Discs, recorded (10% duty); Value as Declared $ 2.00/piece; Value as Found
$ 3.50/piece; E/R P 45.00/US$.
412.Determine the percent difference as per CAO 01-2014.
a) 24.86% b) 16.82% c) 38.64% d) 42.86%

The shipment with following declaration was found to have violated Section 2503 of TCCP.
Dutiable Value: P 450,000.00
Articles: Surface Active Agent
Tariff heading as found:3401.20.90 – 10%
Tariff heading as declared:3402.13.00 – 3%
413.Determine the percent difference pursuant to CAO 01-2014
a) 10% b) 30% c) 50% d) 70%

An importation of agricultural machineries worth P 500,000.00 dutiable value and subject to 3% rate of duty was
challenged by the VCRC. A computer generated value indicated the amount of P 750,000.00 for identical shipment.
The importer asked the VCRC for tentative release and was eventually allowed to do so.
414.Assuming that the other component to arrive the landed cost is 10% of the dutiable value, compute the
amount of cash bond.
a) P 41,400.00 b) P 33,900.00 c) P 67,800.00 d) P 22,500.00

The BOC-PEAG recommended that a customs broker be penalized pursuant to Section. 3610, TCCP for failure to
keep importation records and give full access. BOC will waive the imprisonment provision provided that the customs
broker pays the maximum amount of the penalty if said customs broker was found guilty.
415.How much is the recommended amount of penalty?
a) P 100,000.00 b) P 150,000.00 c) P 200,000.00 d) P 300,000.00

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A shipment STC: 2-units of used buses from China having GVW of 12,000 kgs per unit paid P 15,000.00
miscellaneous expense for each unit. The importation was found to have no BIS CAI and was importer’s second
offense. The violation warranted imposition of fine in the amount of P 2,533,840.00 pursuant to Section. 2307 A.5.
(CAO 4-94).
416.Determine the corresponding value added tax for each unit.
a) P 233,840.00 b) P 190,038.00 c) P 183,900.00 d) P 204,833.00

The Valuation and Classification Review Committee (VCRC) issued a resolution whereby it upgraded by 30 % the
declared customs value for a shipment of 1 x 40FCL containing various hand tools. Based on the said committee
resolution, the BOC computed the dutiable value as found to be $ 28,520.00.
417.Determine the customs value as declared if the ocean freight charge was at $ 2,000.00.
a) $ 25,600.00 b) $26,850.00 c) $20,000.00 d) $26,000.00

The BOC appraiser has found the value of an importation to be $ 16,000.00 based on the unit price of recent
importation of same article. The customs broker has declared the value to be $ 12,000.00. Determine:
418.The corresponding % Difference
a) 15 % b) 20 % c) 25 % d) 30 %

419.Amount of surcharge to be imposed when the rate of duty and exchange during the filling of the entry was
30 % and P 42.50/US$, respectively.
a) P 51,000.00 b) P 102,000.00 c) P 153,000.00 d) P 92,000.00

During actual investigation, the examiner found 17 % difference between the quantities declared against the actual. If
the declared quantity of the article in question is 5,000 units with dutiable value of P 50.00 per unit, and rate of duty of
10%, what is the;
420. Actual quantity found by the examiner
a) 5,500 units b) 6,024 units c) 5,024 units d) 6,500 units

421.Amount of surcharge to be imposed

a) P 12,410.00 b) P 14,210.00 c) P 10,240.00 d) P 11,420.00

After the actual examination of an imported article, the BOC imposed a surcharge amounting to P 28,000.00 which is
equivalent to 2 times rate of surcharge due to importation violation. The broker declared the value as P 420,000.00
for an article with a 10 % rate of duty. Determine the following:
422.The customs duty as found
a) P 65,000.00 b) P 56,000.00 c) P 75,000.00 d) P 59,000.00

423.% Difference
a) 15 % b) 20 % c) 25 % d) 28 %

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During a final assessment, the assessor found that the shipment quantity is 12% more than the entry quantity of
8,000 kgs. If the shipment dutiable value is P 45.00 per kg and 3% rate of duty, determine the following:
424.Quantity as found
a) 8,960 kgs b) 8,560 kgs c) 9,091 kgs d) 9,190 kgs

425.Amount of Surcharge to be impose

a) P 1,472.73 b) P 1,773.42 c) P 2,945.46 d) P 2,454.96

BOC denied the release of a shipment and penalized the consignee and settle the amount of P 191,250.00 per CAO
4-94 for importing articles without prior acquisition of authority to import. The article was found to have 5% rate of
duty ad valorem and is to pay P 7,500 miscellaneous expense.
426.Determine the dutiable value if no prior offense is in record?
a) P 630,000.00 b) P 600,000.00 c) P 591,250.00 d) P 607,500.00

Two (2) units of used buses with GVW of 12,000 kgs each from Korea arrived at the Port of Cebu without BIS – CAI
and were later found out to be the second violation of the same importer. If the value added tax paid was P
190,038.00 per unit with corresponding miscellaneous expense of P 15,000.00 for each unit.
427.Determine the amount of fine to be imposed pursuant to Section 2307 (a.5) and CAO 4 – 94.
a) P 3,522,540.00 b) P 2,533,840.00 c) P 3,255,840.00 d) P 2,833,540.00

A shipment stc: 30 cartons of penicillin from Germany arrived at the Port of Manila without prior CAI and found to be
the first violation of the importer. If the tariff for the said article was AHTN 3004.10.19 - - others at 5 % rate of duty,
with declared dutiable value of P 600,000.00 and spend P 7,500.00 for miscellaneous expenses;
428.Determine the amount of penalty.
a) P 125,910.00 b) P 159,210.00 c) P 119,520.00 d) P 191,250.00

A garment exporter imports packaging materials which they used in their exports of garments to USA. The
accumulated amount is detailed as follows: Dutiable Value: P 389,950.00, VAT: P 162,491.00 and IPF: P 500.00.
The packaging materials had 10% rate of duty. Said exportation was duly liquidated and tax credit was filed 2 months
after exportation.
429.Determine the amount of duty drawback when the commissioner has recommended the processing fee to
be retained as the import processing fee, when exportation was made within one year consequently filed for
refund.
a) P 38,995.00 b) P 38,495.00 c) P 37,995.00 d) P 37,495.00

Lanza Perfume imported several bottles of fragrance from France. It was later found out that the shipment consigned
to Lanza Perfume was not marked.
430.If the combined valued of customs duty, ad valorem tax and marking duty amounted to P435,600.00,
determine the appropriate dutiable value.
a) P1,361,250.00 b) P1,631,520.00 c) P1,520,163.00 d) P1,265,315.00

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A 2010 year model, 4-door, 2,500 cc, 5-seater automobile was brought in by a returning OFW. Upon importation, the
amount of customs duty payable to BOC was found to be P157,950.00. The OFW acquired all the pertinent
requisites and documentation for his car and showed his contract to prove that he will be working overseas for the
next two (2) years and have rendered ten (10) months of service. The BOC imposed a penalty for lack of one (1) year
residency abroad.
431.Determine the amount of penalty.
a) P345,825.00 b) P207,495.00 c) P553,080.00 d) P138,330.00

During a boarding formality, the BOC Boarding Officer found that there was a discrepancy between the actual weight
and declared weight of a cargo in the manifest. The declared weight in the manifest indicated that the gross weight of
said article was 2,500 kgs valued at P909,500.00. Upon actual inspection, the actual weight of the subject article was
found to be 3,525 kgs.
432.Determine the amount of penalty.
a) P142,536.00 b) P162,345.00 c) P125,364.00 d) P136,425.00

During a boarding formality, the BOC Boarding Official decided to secure the supplies in the store by installing a
fastening tool on the service door. After the formalities, the official noticed that the fastener was intentionally broken
and removed. Du to this infraction the official decided to penalize the vessel for violation of Sec. 2526 of the TCCP.
433.Determine the penalty.
a) P10,000.00 b) P20,000.00 c) P30,000.00 d) P50,000.00

A 2012 year model, 4-door, 1,600 cc, 5-seater automobile was brought in by a returning OFW. Upon importation, the
aggregate amount of ad valorem and value added tax was found to be P261,369.00 when the import processing fee
was pegged at P750.00. The OFW acquired the pertinent requisites but failed to secure a BIS and proof of six (6)
months registration for the said automobile.
434.Determine the amount of penalty if the total amount of duties, taxes and other charges is P420,169.00.
a) P407,295.00 b) P207,495.00 c) P349,725.00 d) P420,705.00

A 2012 year model, 4-door, 1,600 cc, 5-seater automobile was brought in by a returning OFW. Upon inspection by
the BOC, the importer failed to present the required BIS, proof of 1 year residency and proof of income abroad which
when treated separately will result to a penalty of 20% of landed cost for each violation. Therefore the BOC imposed
a penalty amounting to P350,250.00.
435.Determine the dutiable value of the automobile.
a) P443,500.00 b) P577,495.00 c) P489,725.00 d) P533,308.00

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