BOC post clearance audit group collects 50% more revenues in first half

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BOC post clearance audit group collects 50% more in first half
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  • The Bureau of Customs Post-Clearance Audit Group collected P1.257 billion in revenues during the first half of 2023, a 50% increase from the same period last year
  • Of the total, P1.199 billion were collections from 121 Prior Disclosure Program applications while P58.294 million were from audit findings
  • PCAG is reviewing CAO 01-2019 to include provisions for audit of customs bonded warehouses, locators, and consolidators to ensure greater compliance and oversight

The Bureau of Customs (BOC) Post-Clearance Audit Group (PCAG) has collected P1.257 billion in revenues during the first half of 2023, up 50% from P837 million in the same period last year.

Of the total, P1.199 billion were collections from 121 Prior Disclosure Program applications while P58.294 million were from audit findings, according to BOC’s 2023 mid-year report.

PCAG is also reviewing Customs Administrative Order (CAO) No. 01-2019 to include provisions for post clearance audit (PCA) of customs bonded warehouses, locators, and consolidators to ensure greater compliance and oversight, according to the mid-year report.

Additionally, PCAG is exploring the possibility of transferring operational support for the liquidation and billing divisions/units under PCAG, streamlining processes and enhancing efficiency.

The BOC may audit and investigate records pertaining to any goods declaration within three years from the date of final payment of duties and taxes or from customs clearance under CAO No. 01-2019, which implements BOC’s PCA function.

This covers importers, beneficial or true owners of imported goods, customs brokers, agents and locators.

RELATED READ: BOC to commence audit of firms with release of post-clearance audit order

The declaration includes statements, declarations, documents, and electronically generated or machine-readable data.

Such audit intends to ascertain if the goods valuation is correct and determine if the importer is liable for duties, taxes, and other charges, including any fine or penalty.

PDP, formerly called voluntary disclosure program, meanwhile, is based on international best customs practice that allows importers to voluntary pay for discrepancies in duties and taxes of previous shipments before post-clearance audit.

The function of the PCA, formerly called post-entry audit, was returned to BOC in 2016 by the Department of Finance, where the function had been transferred in 2014.

RELATED READ: BOC collects P497M from post clearance audit in Q3