THE DEPARTMENT of Agriculture (DA) on Tuesday said it seized P202.5 million worth of smuggled farm and fishery products at the Manila International Container Port (MICP) in January. In a statement, the DA said the “misdeclared and misclassified goods” inside a total of 24 container vans were confiscated in several operations. The smuggled commodities include […]
Tag: customs
BoC agenda puts digitalization front and center
THE new Bureau of Customs (BoC) commissioner said digitizing the bureau’s process is his main priority, with the aim of making governance more data-driven. “I aspire to foster a healthier trade environment, which will contribute to the expansion and economic recovery, by equipping the Bureau of Customs with better and modernized mechanisms for trade facilitation, […]
House measure to prevent import fraud — lawmaker
A PHILIPPINE party-list representative on Monday said imports continue to be underdeclared, with many smuggled items getting through the Bureau of Customs using spurious documents. “The very source of the perpetuation and perpetration of irregularities in the Bureau of Customs start with commercial invoice,” Party-list Rep. Rodante D. Marcoleta said at a House of Representatives […]
Navigating Customs audit and prior disclosure
After more than three years from the time the Bureau of Customs (BoC) resumed the conduct of customs audits, many importers stepped forward and voluntarily paid deficiency duties and taxes by availing of the Prior Disclosure Program (PDP). Based on international best customs practices, the PDP authorizes the BoC Commissioner to accept, as a potential […]
Customs 2021 collections exceed pre-pandemic levels
THE Bureau of Customs (BoC) collected P645.77 billion in 2021, exceeding the P630.31 billion generated in 2019, the last year before the pandemic, as international trade rebounded after the 2020 economic downturn. Collections last year were about 20% higher than the P537 billion logged in 2020 and 4.7% above the bureau’s target, the bureau said […]
Customs at PHIVIDEC Industrial Estate
CONSTRUCTION of a Bureau of Customs (BoC) building within the PHIVIDEC Industrial Estate in Misamis Oriental will start soon following last week’s cornerstone-laying ceremony for the project. Elvira Cruz, BoC-Cagayan de Oro district collector, said a Customs office within the estate will contribute to ease of doing business at the Mindanao Container Terminal, one of […]
Peza locators to bear brunt of huge cost spike due to VAT
THE economic zones’ status as separate customs territory must continue to go hand in hand with the value added tax (VAT) zero rating incentive to enable them to keep attracting more investments, according to a Philippine Economic Zone Authority (Peza) official. Peza Deputy Director General for Policy and Planning Tereso Panga in a recent Facebook […]
New customs brokers group leaders in Cebu take oath of office
THE Cebu Chamber of Customs Brokers Inc. (CCBI) Cebu Chapter underscored a fair-playing field and unity among the customs brokers as its new breed of leaders took their oath of office at the Bai Hotel in Mandaue City on Monday, June 14, 2021. Ronald P. Grancho, newly inducted president of CCBI Cebu, said the thrust […]
Trade panel to streamline Customs processes to aid small businesses
The newly established committee for trade facilitation is expected to help micro-, small-, and medium-sized enterprises (MSMEs) to be more active in international trade and widen their access to international goods and services, Finance Secretary Carlos G. Dominguez III said. During its first meeting Wednesday, Mr. Dominguez said the Philippine Trade Facilitation Committee (PTFC), which […]
March Customs collections beat target on strong performance by provincial ports
TAX COLLECTIONS by the Bureau of Customs (BoC) in March totaled P54.5 billion, beating the bureau’s target due to stronger-than-expected collections by ports in the provinces. March collections beat the target by 14.2%. They also exceeded year-earlier levels by 22.1%. The 2020 lockdown began in mid-March that year. “The BoC’s positive revenue collection performance is […]
No. 1 in Fujian! RMB 880 Million of Import and Export of Agricultural and Fishery Products at Pingtan Port in 2020
On February 9, according to Pingtan Customs, the import and export value of aquatic products, fruits and other agricultural and fishery products in Pingtan in 2020 reached RMB 880 million, ranking the first in Fujian, with a year-on-year growth of 31.52%. In May 2019, the Experimental Area formulated the Measures on Encouraging the Import of […]