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Posts tagged with "Department of Finance"

Supplies, raw materials for medical products exempt from import duties

Supplies, raw materials for medical products exempt from import duties

Apr. 7 | Trade secretary Ramon Lopez (left) and Finance secretary Carlos Dominguez III Imports of critical equipment, supplies and raw materials needed to produce medical products is exempt from import duties, taxes and fees, according to a new joint memorandum...

Amid unusual forex influx, BOC ordered to closely coordinate with AMLC

Amid unusual forex influx, BOC ordered to closely coordinate with AMLC

Mar. 2 | Customs desk at NAIA. Photo courtesy of BOC-NAIA. Finance Secretary Carlos Dominguez III has directed the Bureau of Customs (BOC) to closely coordinate with the Anti-Money Laundering Council (AMLC) in investigating attempts by suspected syndicates to...

Duties from rice imports hit P1.71B

Duties from rice imports hit P1.71B

Feb. 25 | The Bureau of Customs (BOC) has collected P1.71 billion in duties from rice imports by private traders under Republic Act (RA) No. 11203 or the Rice Tariffication Law (RTL) from January 1 to February 14 this year, down by 23.1% from P2.22 billion in the...

Customs brokers seek clarity over confusing goods declaration lodgement period

Customs brokers seek clarity over confusing goods declaration lodgement period

Feb. 24 | The Chamber of Customs Brokers, Inc. (CCBI) is asking the Department of Finance (DOF) to clear up conflicting Bureau of Customs (BOC) orders regarding the period of lodgement of goods declaration. In a letter to Finance Secretary Carlos Dominguez III...

ASEAN Single Window to allow exchange of other trade documents

ASEAN Single Window to allow exchange of other trade documents

Jan. 28 | Senior economic officials and chairs of sectoral bodies of the ASEAN Economic Community pillar during the recent 10th Meeting of the Committee of the Whole in Hanoi, Vietnam Three more types of trade documents—electronic phytosanitary certificate, electronic...

BOC donates over 5,700 boxes of seized goods for Taal evacuees

BOC donates over 5,700 boxes of seized goods for Taal evacuees

Jan. 24 | Bureau of Customs (BOC)-Port of Manila donates forfeited canned goods to the Department of Social Welfare and Development on January 22, 2020. Photo from BOC. The Bureau of Customs (BOC) has handed over thousands of boxes of sausages seized two years...

Fuel marking at Pilipinas Shell fully automated by March

Fuel marking at Pilipinas Shell fully automated by March

Jan. 14 | Fuel storage tanks at Shell’s Northern Mindanao Import Facility in Cagayan de Oro City. Photo from Pilipinas Shell. Pilipinas Shell Petroleum Corp is installing a fully automated system at its facilities to help ensure the safe implementation of the...

ADB lends $200M for PH infra project feasibility studies

ADB lends $200M for PH infra project feasibility studies

Dec. 14 | The additional financing for the Infrastructure Preparation and Innovation Facility will enable the Philippine government to undertake engineering and feasibility studies for major infrastructure projects under its “Build, Build, Build” program. Photo...

PH interface with ASEAN Single Window moved to this month

PH interface with ASEAN Single Window moved to this month

Dec. 9 | Image from Pixabay. The Philippines’ plan to join the Association of Southeast Asian Nations (ASEAN) Single Window (ASW) has been moved by a month to December this year, according to an official of the Department of Finance (DOF). “The Philippines...

60M liters of fuel at Pilipinas Shell’s Mindanao facility marked

60M liters of fuel at Pilipinas Shell’s Mindanao facility marked

Dec. 2 | Image by OpenClipart-Vectors from Pixabay Pilipinas Shell Petroleum Corp.’s Northern Mindanao Import Facility in Cagayan de Oro became the first facility in Mindanao to undergo the government’s fuel marking program with a total of 60 million liters...