COLLEGE OF SUBIC MONTESSORI

SUBIC BAY FREEPORT ZONE, PHILIPPINES

BACHELOR OF SCIENCE IN CUSTOMS ADMINISTRATION
MIDTERM EXAMINATION
TARIFF 3 BASIS OF DUTIABLE VALUE
NAME________________________________________________DATE______________
COURSE & YEAR_______________________________________SCORE_____________
I.

A shipment of 1x20 consigned to Mr. Ace, STC 10 units of

Industrial Spare parts, 100 units of portable machinery parts
and 5 units of heaters, valued at CIF $10500, $20580 and $9540
respectively, arrived at Port of Manila via SS MANALAC
Voyage No. 008 on August 10 which declared a non-working
holiday by the Government. Rates of Duty were given as
follows: 10%,15%, and 20%. The entry was lodged on August 11,
Saturday. The rate of exchange was P46.45/1$ and already
published by the BSP on August 10. Additional information
showed: Total ME is P501,506.00; The shipment were pierside;
GSIS with marine open policy was presented to Customs
amounting to P54, 451. Freight/BL is $4501 and the total
freight indicated in invoice is $4550.
FIND:
DUTIABLE VALUE per Shipment
Customs Value per item
Miscellaneous expense per item
VAT per item
Landed cost per item