RMC 9-2006: BIR Rules for Customs Brokers

Apr. 24 | TO those in the importing and logistics industry, it is common knowledge that un-receipted expenses are incurred every time shipments are processed and cleared from customs custody. These small amounts, multiplied against the thousands of shipments entered...

New Rules for Customs Assessment Disputes

Apr. 10 | THE Bureau of Customs (BoC) recently issued new rules gover-ning assessment disputes (valuation and classification issues) brought before the Valuation and Classification Review Committee (VCRC) as originally provided under Customs Memorandum Order (CMO)...

CTAP irked over committee’s inaction over industry woes

Apr. 5 | TRUCK operators are frustrated over the slow action of a technical committee formed by the government to look into the industry’s plight. Almost two months after its formation, the committee has yet to convene and start hearings on Republic Act...

Customs overshoots Q1 target

Apr. 5 | THE Bureau of Customs has exceeded its first-quarter collection goal by more than 5%, so far recording three consecutive months of such performance in the first year of implementation of a law rewarding over-performing revenue officials with cash incentives....

CCBI: Brokers must maintain independence at all times

Apr. 5 | CUSTOMS brokers may not be hired as in-house brokers under Republic Act 9280 or the Customs Brokers Act of 2004, stressed the Chamber of Customs Brokers Inc. (CCBI). In its general assembly last week, CCBI – the accredited professional organization...