Taxation, 2012 Bar — Question 71

MULTIPLE CHOICE

Importation of goods is deemed terminated: a) When the customs duties are paid, even if the goods remain within the customs premises; b) When the goods are released or withdrawn from the customs house upon payment of the customs duties or with legal permit to withdraw; c) When the goods enter Philippines territory and remain within the customs house within thirty (30) days from date of entry; d) When there is part payment of duties on the imported goods located in the customs area.

You can write freely without an account. Sign in to reveal the suggested answer and track your progress.