CMTA stands for which act?

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Study for the Tariff Law 2 – Tariff Commission Exam. Utilize flashcards and multiple choice questions, enhanced with hints and explanations. Prepare efficiently for your test!

Multiple Choice

CMTA stands for which act?

Explanation:
CMTA stands for Customs Modernization and Tariff Act. This expansion is the standard and widely used name for the Philippine law that overhauled customs administration and tariff procedures, introducing modernization of processes, automation, risk management, and clearer rules on valuation, classification, and enforcement. The other proposed names don’t correspond to a recognized act in this field, so the familiar and correct interpretation is Customs Modernization and Tariff Act.

CMTA stands for Customs Modernization and Tariff Act. This expansion is the standard and widely used name for the Philippine law that overhauled customs administration and tariff procedures, introducing modernization of processes, automation, risk management, and clearer rules on valuation, classification, and enforcement. The other proposed names don’t correspond to a recognized act in this field, so the familiar and correct interpretation is Customs Modernization and Tariff Act.

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