Tag: Customs Modernization and Tariff Act
PH customs rules operationalizing higher de minimis value take effect
The Philippine Bureau of Customs (BOC) guidelines governing duty- and tax-exempt importation of shipments falling within the increased de minimis value of P10,000 and...
PH issues draft rule on duty drawback, refund implementation
The draft customs administrative order (CAO) to implement Philippine provisions on duty drawback, refund and abatement, and return of sash deposits held in trust...
Customs Modernization and Tariff Act Series 1: Abandoned Goods Are Not...
We have, in various public fora, discussed the benefits of the Customs Modernization and Tariff Act or CMTA (Philippine Republic Act 10863) in terms...
PH Customs order on advance ruling takes effect Nov 15
The customs administrative order (CAO) implementing a new advance ruling system for valuation and rules of origin (RO) in the Philippines will take effect...
Draft PH customs order hikes tax exemption for balikbayan boxes
A draft customs administrative order (CAO) governing the consolidated shipment of duty- and tax-free balikbayan boxes (personal and household effects from overseas Filipino workers) and...
New PH Customs order implements advance ruling system
The customs order that establishes an advance ruling system for valuation and rules of origin (RO) concerning import and export merchandise in the Philippines...
Draft order sets up rules on establishment of bonded warehouses in...
The recently released draft rules governing customs bonded warehouses (CBWs) and customs facilities and warehouses (CFWs) in the Philippines create clearer regulations on their establishment...
Previous PH Customs Reform Efforts
This is the third part of a four-part article outlining the major problems confronting the Philippine Bureau of Customs; the previous efforts to reform and...
New PH Customs order raises de minimis threshold by 99,900%
Goods imported into the Philippines with de minimis value of P10,000 and below are no longer subject to duties and taxes based on a...
PH Customs’ draft post-clearance audit rules out
The preliminary version of the customs administrative order (CAO) enabling the Philippine Bureau of Customs (BOC) to perform post-clearance audit as stipulated under the...
