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Archive for January, 2006

New Rules for Imported Alcohol and Tobacco Products

New Rules for Imported Alcohol and Tobacco Products

Jan. 30 | A year ago, a new law governing alcohol and tobacco products was passed by the Philippine Congress. Republic Act No. 9334, en-titled “An Act increasing the specific tax rates imposed on alcohol and tobacco products amending for the purpose Sections...

Voluntary Disclosure/Payment of Additional Customs Duties

Voluntary Disclosure/Payment of Additional Customs Duties

Jan. 16 | AS previously written, more than 100 companies to date have been issued audit notices under the customs post entry audit (PEA) system. Some of the audits, which were first initiated in June 2004, have already been terminated and audit reports submitted...

IATA: 11-month freight traffic up 2.8%

IATA: 11-month freight traffic up 2.8%

Jan. 4 | IATA:11-month freight traffic up 2.8% THE International Air Transport Association (IATA) recently reported that freight traffic for the first 11 months of 2005 remained sluggish despite registering a 2.8% growth. IATA director general Giovani...

Government to scrap import duty on vehicles run by alternative fuel

Government to scrap import duty on vehicles run by alternative fuel

Jan. 4 | THE Department of Energy (DOE) revealed that the National Economic and Development Authority Board has endorsed for approval to President Gloria Macapagal-Arroyo an executive order scrapping the import duty on components, parts and accessories for the...

New Customs chief’s vow

New Customs chief’s vow

Jan. 4 | NAPOLEON MORALES has promised to strictly implement regulations and procedures and work hard to meet the 2006 collection target of the Bureau of Customs (BOC) after he formally assumed office as acting commissioner from caretaker Alexander Arevalo on...

PPA to DMAP: 15% cargo handling hike above board

PPA to DMAP: 15% cargo handling hike above board

Jan. 4 | THE Philippine Ports Authority (PPA) finally broke its silence on allegations of the Distribution Management Association of the Philippines (DMAP) that it earlier approved the 15% cargo-handling rate increase without public consultation. PPA general manager...

$100M dedicated air cargo terminal eyed in 2007

$100M dedicated air cargo terminal eyed in 2007

Jan. 4 | THE Manila International Airport Authority (MIAA) is planning to construct an air terminal dedicated for local and international cargo as part of the Ninoy Aquino International Airport Terminal 3. MIAA general manager Alfonso Cusi said a separate cargo...
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