Bahamas Customs Brokerage Training
Exam 2024 Questions and Answers
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Why a New Customs Management Act? CORRECT>>> To meet the obligations
contained in theEconomic Partnership Agreement (EPA) signed by The Bahamas in
October 2008.
A scheme to create a free trade area among member states.
CORRECT>>
> EconomicPartnership Agreement (E.P.A).
The Bahamas does not have membership with? CORRECT>>> World Trade
Organization (W.T.O).
Which agreement refers to Rules of Origin and Preferential Tariff?
CORRECT>>
> EconomicPartnership Agreement (E.P.A).
The Bahamas has only observatory status with? CORRECT>>> World Trade
Organization (W.T.O).
Name three (3) powers of the Comptroller. CORRECT>>> (i) Responsible for the
generalmanagement and administration of the Customs authority
(ii) Exercise powers and perform the duties of the Minister under the Act
(iii) Prescribe rules for designating Customs controlled areas.
Name six (6) powers of a Customs Officer. CORRECT>>> (i) Board any means
of transport(ii) Search any means of transport
(iii) Detain any means of transport
(iv) Questions persons within 72 hours of arrival
(v) Audit or examination of business records
(vi) Powers to patrol and surveillance of property
Give the names and uses of the following forms:
C.1
C.2
C.7
C.5A
C.38
C.36 CORRECT>>> C.1 - Attendance Request - An application for the attendance of
CustomsOfficers at any place where Customs Officers do not normally attend.
C.2 - Report Inwards of Vessels
C.7 - Aircraft General Declaration
C.5A - Declaration of Consumable Stores On Board Aircraft
, C.38 - Transire
C.36 - Certificate of Clearance of Vessel
Name two (2) places the Minister designates as Custom Places. CORRECT>>> (i)
CustomsAirports
(ii) Customs Ports
Give the name and color of the flag that is flown when ships enter The Bahamas.
CO
RRECT>>> Quarantine Flag - Yellow
Give the name of the form that is given to the Customs authority to determine the health
conditions of persons on board the vessel. CORRECT>>> Maritime Health
Declaration
The Customs Management Act outlines four (4) ways goods shall be entered. Name
any three. CORRECT>>> (i) C.13 - Home Consumption Entry
(ii) C.16 - Warehousing Entry
(iii) C.41 - Request to Import Goods for Temporary Use or Purpose
(iv) C.35 - Transshipment Entry
The Mail Boat clears Customs in Freeport, and had dutiable goods destined for New
Providence. What is the form used to send those duty not paid goods to Nassau?
CORRECT>>> C.38 - Transire
Your client imported a shipment of TVs arriving via Air Freight, designated for Cuba.
How should those goods be entered. CORRECT>>> C.35 - Transshipment Entry
The time allotted for goods to remain in Gladstone Freight Terminal before the goods
are sent to the Customs Warehouse shall be? CORRECT>>> Five (5) days excluding
Sundaysand Public Holidays.
There are six (6) principles of the W.T.O. Valuation Agreement, which dictates the way
goods are to be valued.
(a) Name three (3) of these principles. CORRECT>>> 1. Transactional Value on
Price ActuallyPaid or Payable (PAPP)
2. Identical Goods
3. Similar
4. Deductive Value
5. Computed Value
6. Fall Back Method
The concept of Deductive Value. CORRECT>>> Deductive Value concept is based
on sampling at least three domesticated business houses involved in the import and
sale of an identical product, and determining which of those local companies would
have sold theaggregate amount of that product on a given day. The company which
fulfilled that requirement, will then be used to cause deductions to be made on the
individual unit price. Such deductions would include all expenses involved from getting
the goods off
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