Q.1 When GST is payable on temporary entry, the following document is used to account for the GST:

Y50

E14

ATA Carnet

E29B

B3

Q.2 Which of the following statements best describes a drawback

It is a method used by the CFIA to determine the overall quality of drawn liquids included in agricultural shipments.

It refers to goods that in essence are drawn back from the importers to the vendors in circumstances set out in the original documents, such as the CCI.

A drawback is a term coined by the World Customs Organization that permits member countries to temporarily withdraw from their trade pact.

It is a type of refund claim to recover duty paid on imported goods that are exported under certain conditions or used in Canada under certain conditions.

Q.3 The following functions may be performed on goods stored in a bonded warehouse:

Disassembling, assembling, marking, labelling, tagging, ticketing, and testing.

Re-processing, restoring, registering, and reducing.

Processing, cleaning, combining, and marketing

Processing, remanufacturing, packing, and demonstration sales.

Q.4 Late accounting penalties are issued when the final accounting documents are not transmitted within seven days.

True

False

Q. 5 Once an importer has reason to believe the accounting data is incorrect, they must make a correction with 30 days of the discovery.

True

False