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Customs & Trade

SBMA approves P16.2B new investments in Q3

Subic Bay Metropolitan Authority approved new investment proposals totaling P16.2 billion in the third quarter of 2021 The commitments were made by 40...

BOC loses P3.4B due to meat tariff cuts

The Bureau of Customs saw foregone revenues of P3.4 billion from swine meat imports as of mid-November This is due to tariff cuts...

ATRIG not needed for VAT-exempt agri products, says BIR

Imports of perishable agricultural products such as unprocessed vegetables, fruits, and nuts do not require an Authority to Release Imported Goods (ATRIG) as...

P2.5B counterfeit goods seized

The Bureau of Customs seized counterfeit goods worth approximately P2.5 billion The goods were found in warehouses located in One Logistics Center, Taft...

BOC inaugurates second x-ray machine in NAIA

The x-ray machine, the XIS-818, was procured by PAIRCARGO which operates a warehouse at NAIA It features six-color imaging enabling it to scan...

Maritime trade survives COVID-19 but faces its lasting impact

Maritime trade contracted by 3.8% in 2020, reflecting an initial shock, but it rebounded later in the year and is projected to increase...

STMO sets guidelines on registration for export of strategic goods

The Strategic Trade Management Office released rules on the registration for export of strategic goods Guidelines on the registration of individuals financing, brokering,...

BOC issues rules on raw materials liquidation process

The Bureau of Customs has released Customs Memorandum Order No. 34-2021, which provides guidelines on implementation of the raw materials liquidation system in...

BOC confiscates P4.7M agri goods

The Bureau of Customs seized alleged smuggled agricultural products worth about P4.724 million from a warehouse in Catmon, Malabon City The products were...

PH Senate adopts resolution to join ATA Carnet

The Philippine Senate adopted on November 8 Resolution No. 832 concurring to accession to the Convention on Temporary Admission (ATA Carnet) The ATA...