Tag: Customs Modernization and Tariff Act
Duty-, tax-free privilege for “balikbayan” boxes starts August
After months of delay, overseas Filipino workers (OFWs) and Filipinos residing abroad may start sending August 1 their balikbayan (personal effects) boxes to the Philippines duty-...
Draft order tackles PH gov’t right of compulsory acquisition for undervalued...
The draft order outlining Philippine guidelines for implementing the government’s right of compulsory acquisition for undervalued shipments has been issued.
The proposed customs administrative order...
Trade facilitation and revenue generation: PH Customs’ tight balancing act
Much has transpired a year since Philippine Customs Commissioner Nicanor Faeldon assumed the leadership of the Bureau of Customs (BOC) in July 2016.
He came...
Genuine customs reform requires a mix of ingredients, says former PH...
Aside from implementing the Customs Modernization and Tariff Act (CMTA), there are three other elements needed to achieve genuine customs reform, according to a...
Revised draft order lays down conditions for establishing PH customs facilities
The Department of Finance (DOF) and Bureau of Customs (BOC) have issued the revised draft order for establishing, maintaining, and operating customs facilities and...
Draft PH order addresses all forms of security to guarantee duty,...
The draft order that will implement provisions under the Philippine Customs Modernization and Tariff Act (CMTA) pertaining to security needed to guarantee payment of...
Draft PH order tackles storage of overstaying and abandoned goods
Rules on the temporary storage of imported goods declared overstaying or abandoned have been drafted by the Philippine Department of Finance (DOF) and Bureau...
Draft PH Customs rules give directions for marking imported goods
The Philippine Department of Finance (DOF) and the Bureau of Customs (BOC) have issued a draft order outlining guidelines for marking imported goods of...
Executive order revises duty for certain PH import commodities
President Rodrigo Duterte has signed several executive orders (EO) modifying the rates of duty for several products imported into the Philippines.
The new executive orders...
PH revives plan to require pre-shipment inspection on containers
The Philippine Bureau of Customs (BOC) is again holding public consultations on extending the coverage of the load port survey (LPS) or pre-shipment inspection...
