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DTI cuts PH export targets after COVID impact assessment

• The Department of Trade and Industry adjusted the Philippine export target to US$105 billion by 2022 from the original target of $130 billion...

BOC revokes accreditation of more than 700 importers, brokers in 2020

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The Bureau of Customs revoked the accreditation of 575 importers and 148 customs brokers in 2020 for violating provisions of the Customs Modernization...

BOC forms COVID-19 Importation Unit to hasten vaccines entry

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Covax Importation Unit created to ensure speedy processing and monitoring of imported COVID-19 vaccines Bureau of Customs’ one-stop shop at the Ninoy Aquino...

Nissan shuts down PH assembly plant

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Nissan will cease assembly operations for Nissan’s Almera model The Nissan decision follows closely that of Honda and Isuzu, highlighting the impact on...

BOC guides exporters on payment of penalties for errors

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Assessment and Operations Coordinating Group Memo No. 281-2020 contains rules on payment by exporters of penalties for clerical errors, misdeclaration, misclassification, and undervaluation ...

BOC collects P1B from auctions in 2020

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The Bureau of Customs disposed of 3,514 overstaying containers and collected P1.077 billion from auctions in 2020 The auction revenue was 86.4% higher...

BOC preps for expedited release of vaccine imports

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The Bureau of Customs (BOC) has begun preparations to facilitate entry of approved COVID-19 vaccines into the country BOC collection districts are coordinating...

BOC bids out P240M consulting services for modernization project

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The Bureau of Customs is looking to engage consulting firms to help execute and implement the Philippines Customs Modernization Project From the total...

BOC order sets guidance on automated bonds management system adoption

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Recently issued Customs Memorandum Order No. 30-2020 provides guidelines for implementation of the Automated Bonds Management System (ABMS) for general transport surety bonds...

Cebu container pullout order exempts domestic port transfers

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Pullout of containers from the Cebu International Container Port for transfer to domestic baseports and container yards within the port zone may be...

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