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Archive for July, 2004

Customs Treatment of PEZA Domestic Sales

Customs Treatment of PEZA Domestic Sales

Jul. 19 | GENERALLY, customs rules and regulations apply only when foreign goods previously entered into the export or free trade zone are taken out of the zone into the country. With the implementation of the Post Entry Audit (PEA) system, a question for companies...

Specific Focus Areas in a Customs Audit

Specific Focus Areas in a Customs Audit

Jul. 5 | IN our previous article, we mentioned that the Post Entry Audit (PEA) Group of the Bureau of Customs (BoC) has already issued numerous Audit Notifica-tion Letters (ANLs) addressed to major importers in various industries (e.g. garments and textile, automotive,...

PPA sees no major trade disruption with ISPS Code implementation

PPA sees no major trade disruption with ISPS Code implementation

Jul. 1 | THE Philippine Ports Authority (PPA) said it expects no major trade disruption with the July 1 enforcement of the International Ship and Port Facility Security (ISPS) Code. This, even if some ports have yet to be declared compliant to the code. In a...

ICTSI: No cargo delays at MICT with ISPS Code

ICTSI: No cargo delays at MICT with ISPS Code

Jul. 1 | International Container Terminal Services, Inc. (ICTSI) assured port users, especially exporters, that there will be no delays in servicing cargo at the Manila International Container Terminal (MICT) with the global implementation of the International...

PPA income up 28.4% in Jan-May

PPA income up 28.4% in Jan-May

Jul. 1 | FOR the first five months of the year, the Philippine Ports Authority (PPA) earned a net income of P1,005.40 million, up 28.46% compared with P782.65 million earned in the same period last year. In May alone, its net income went up 29.47% to P778.28...

PUC: Customs Brokers Act a disincentive to brokers

PUC: Customs Brokers Act a disincentive to brokers

Jul. 1 | THE implementation of Republic Act (RA) 9280 or the Customs Brokers Act of 2004 may serve as a deterrent to customs brokers with no resources or those just starting to practice the profession. “The law appears to be a disincentive to customs brokers...

ATSC to open Batangas-Mindoro ro-ro service

ATSC to open Batangas-Mindoro ro-ro service

Jul. 1 | ABOITIZ TRANSPORT SYSTEM CORP. (ATSC) will launch a direct roll-on/roll-off (ro-ro) service from Batangas to San Jose, Mindoro, areas predominantly being served by small ro-ro operators. In a press briefing, ATSC president and chief executive officer...

DOJ: Int’l air forwarders must follow 60/40 rule

DOJ: Int’l air forwarders must follow 60/40 rule

Jul. 1 | INTERNATIONAL airfreight forwarding companies operating in the Philippines are considered public utilities and should therefore follow the 60/40 nationality requirement stated in the 1987 Constitution. This was the gist of an opinion issued recently...
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