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Across Borders
A column on world trade and customs issues written by Atty. Agaton Teodoro Uvero, an international trade, customs (indirect tax) and supply chain expert. He provides advisory and training services to top corporations and industry associations. Uvero was previously Deputy Commissioner for Assessment and Operations Coordinating Group at the Philippine Bureau of Customs.
All About the PH Rice Tariffication Act
Mar. 3 | By March 5, Republic Act No. 11203 (Rice Tariffication Act) should have taken effect. In theory, the new law should reduce the local consumer price of rice by at least P4 per kilo arising from more competition in the local market with the entry of cheaper...
New PH Rules on Customs Audit and Prior Disclosure
Jan. 29 | IT’s been more than 2 years since the passage of the Customs Modernization and Tariff Act (CMTA) and finally, the new rules on Post Clearance Audit (PCA) and Prior Disclosure Program (PDP) have been issued through Customs Administrative Order (CAO)...
What Will You Buy? How Will You Source?
Aug. 28 | In recent years, digital commerce has grown tremendously and this has greatly affected how people conduct their trading transactions. We all have heard of stories from friends or acquaintances ordering goods offshore and not receiving their order, or...
The Trade Compliance Profession
Aug. 12 | Except for a brief stint in government, I have been in the trade compliance profession for more than 15 years. In all those years, I get the same question over and over again—what do you do exactly; and when I attempt to explain, I find it very difficult...
Preparing for Customs Audit, Ensuring Trade Compliance
Dec. 4 | Our previous article discussed the expanded powers of the Bureau of Customs Post Clearance Audit Group (PCAG). This article will discuss how importers and customs brokers can promote trade compliance and prepare for customs audit. Compliance Issues....
Warning: Here Comes An Empowered Customs Audit Group
Nov. 2 | Atty Agaton Teodoro Uvero Malacañang has recently issued Executive Order (EO) No. 46 (dated October 20, 2017) entitled “Reviving the Post Clearance Audit Function of the Bureau of Customs (BOC) and Institutionalizing the Functions of the Financial...
Import/Export Management: What You Need to Know (Part 2)
Oct. 15 | This is the last of a two-part column. For the first part, click here. Study Incoterms 2010. International Commercial Terms (Incoterms) provides the international standard for international sales and purchase contracts (cross-border transactions)...
Import/Export Management: What You Need to Know
Oct. 9 | (First of a two-part series.) The massive growth in international trade and the proliferation of regional and bilateral trading agreements have made international trade and customs law a highly specialized and complicated field particularly for the trading...
5 Common Customs Mistakes of Importers
Sep. 25 | Unless you are buying a one-off low value item online, buying offshore for regular importers and for high-value goods is a complex affair. Ordering goods from overseas suppliers is unlike buying from a local store or supplier. The central post office...
