Home » Posts tagged with "Customs Modernization and Tariff Act (CMTA)"

Posts tagged with "Customs Modernization and Tariff Act (CMTA)"

BOC order sets process for handling abandoned imported goods

BOC order sets process for handling abandoned imported goods

Jan. 8 | Image by Michael Gaida from Pixabay The Bureau of Customs (BOC) has released the guidelines on the kinds, effects, and treatment of abandoned imported goods, whether the goods are for consumption, warehousing, or admission. Implementing relevant provisions...

Customs set to issue 22 more CAOs on CMTA

Customs set to issue 22 more CAOs on CMTA

Dec. 3 | The Bureau of Customs (BOC) is set to issue 22 more customs administrative orders (CAOs) implementing sections of the Customs Modernization and Tariff Act (CMTA). Image by edar from Pixabay. Of the 22 CAOs, 10 are already under review by the Department...

BOC orders stringent observance of valuation, proper goods description

BOC orders stringent observance of valuation, proper goods description

Nov. 23 | Image by Michael Gaida from Pixabay Customs commissioner Rey Leonardo Guerrero instructed Bureau of Customs (BOC) officials and employees to comply strictly with the basis for valuation and with the sequential application of valuation methods under the...

BOC: NVVS value a ‘reference’, not replacement for transaction value

BOC: NVVS value a ‘reference’, not replacement for transaction value

Nov. 20 | Image courtesy of IndypendenZ  at FreeDigitalPhotos.net There is no order instructing customs appraisers to favor value in the National Value Verification System (NVVS) over the transaction value, according to an official of the Bureau of Customs (BOC). BOC...

Misdeclared steel bars seized at Port of Manila

Misdeclared steel bars seized at Port of Manila

Oct. 30 | The Bureau of Customs (BOC) has seized two containers of misdeclared stainless steel angle bars from China at the Port of Manila (POM). BOC Intelligence Group deputy commissioner Raniel T. Ramiro, in a statement, said the shipment, which was declared...

Imported vehicles donated by CEZA require duty payment—BOC  

Imported vehicles donated by CEZA require duty payment—BOC  

Oct. 26 | Image by mohamed Hassan from Pixabay The Bureau of Customs (BOC) said customs duties and taxes should have been paid for the more than 50 seized luxury vehicles that the Cagayan Economic Zone Authority (CEZA) withdrew from the Free Zones and donated to...

BOC launches Cargo Targeting System; no penalties yet for non-compliance

BOC launches Cargo Targeting System; no penalties yet for non-compliance

Oct. 18 | Customs commissioner Rey Leonardo Guerrero at the launch of the Cargo Targeting System on Oct 16. Photo from the Bureau of Customs. The Bureau of Customs (BOC) launched on October 16 the Cargo Targeting System (CTS), a World Customs Organization (WCO)...

BOC authorizes 30% hike in rates of CBWs in NAIA

BOC authorizes 30% hike in rates of CBWs in NAIA

Oct. 15 | New service, storage and other charges of customs bonded warehouses operating in the Ninoy Aquino International Airport complex under Customs Administrative Order 14-2019. The Bureau of Customs (BOC) has approved a 30% increase in rates for service, storage,...

BOC unveils new rules on operation of CBWs

BOC unveils new rules on operation of CBWs

Oct. 15 | Image courtesy of photoraidz at FreeDigitalPhotos.net New Bureau of Customs (BOC) guidelines on the establishment, operation, supervision, and control of customs bonded warehouses (CBWs) are out. Customs Administrative Order (CAO) No. 13-2019, signed...

BOC sets new transshipment rules effective early Nov

BOC sets new transshipment rules effective early Nov

Oct. 14 | Image by Ravinshu Ranjan from Pixabay The Bureau of Customs (BOC) has issued guidelines on the movement, transfer and clearance of transshipment goods effective early November. Customs Administrative Order (CAO) No. 12-2019, signed by Finance Secretary...