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Refund Procedures Of Cash Bond Posted On Tentative Release

Here are the following refund procedures of cash bond posted on Tentative Released Shipments in the Bureau of Customs. If the final CVCRRC decision is in favor of the importer, the Chief of the of the Collection Division shall notify the Chief, Adm. Division to issue a disbursement voucher and prepare a check payable to the importer in the full amount of the cash or check guarantee earlier…

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#Cash Bond #Procedures #Tentative Release

Procedures on Tax Credit Issuances : Protest Cases Excess Payment and Reduction of Duty Rates

Here are the procedures on tax credit issuance in cases of protest case, excess payments, and reduction of duty rates at the Bureau of Customs. Submit application to the Office of the Commissioner (attach the decision in protest cases) Revenue Accounting Division checks actual payment made. They Forward to Accounting division by way of indorsement. They Checks documentary attachments and…

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#Procedures #Tax Credit Certificate

Procedure for Short Shipments Known Before Lodgement of Entry

Here we discuss the procedure for short shipments known before lodgement of entry. The importer or customs broker shall file a request for amended of the Inward Foreign Manifest or Bill of Lading with the Deputy Collector for Operations. The Deputy Collector for Operations shall conditionally approve the request for amendment subject to 100% physical examination. The office of the Deputy…

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#Document #Import

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What are Petroleum Products and Their Specific Import Tax Rates in the Philippines

Petroleum Products and Their Specific Import Tax Rates Petroleum Products are formed in the course of refining crude through distillation, cracking, solvent refining & chemical treatment coming out as refinery stocks from the refinery such as, but not limited to LPG, naptha, gasoline, solvent, kerosene, aviation, fuels, diesel oils, fuel oils, waxes & petrolatum, asphalts, bitumen, coke &…

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#Excise Tax #Products

Post Modification of Singe Administrative Document (PMS)

Post Modification of Singe Administrative Document (PMS) PMS is a process used when it is necessary to revise the data in the SAD. It includes the post assessment –the stage where the shipment is already assessed but not yet released– and Post entry assessment — where the shipment has already been released from Customs. The Exemption Certificate declared in the original SAD shall still apply in…

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#e2m #PMS #Refund #Systems

Super Green Lane Plus Conditions on Shipment

Here are the following Super Green Lane Plus Conditions on Shipment. Only SGL Plus-accredited importers for whom a certificate of accreditation (CA) has been duly issued in accordance with his order shall be allowed to clear their shipments through the SGL Plus facility. All entries covering SGL Plus shipments shall be filed under the existing procedures or SGL shipments. SGL PLUS entries shall…

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#Accreditation #Shipment #Super Green Lane

Shipments Which Shall Qualify for Super Green Lane

Here are the following shipments which shall qualify for Super Green Lane treatment. The shipment is included in the list of importables submitted to the BOC when importer applied for SGL accreditation or in the duly approved amendments of said LOI. The shipment must be freely importable, or if the goods are regulated it must be covered by a continuing import authority. Declaration under…

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#Importer #Shipment #Super Green Lane

Qualifications for the Membership of Super Green Lane Plus

Here are the following qualifications for membership of the Super Green Lane Plus The importer must be accredited as an Super Green Lane member transacting with BOC for at least one (1) year prior to the date of application. The applicant has a clear and specific nature of business. The SGL PLUS Association has been consulted on the membership of the applicant. The importer must have a good…

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#Accreditation #Importer #Membership #Super Green Lane

Conditions in the Certification of Super Green Lane Accreditation

Here are the following conditions in the Super Green Lane accreditation. The covered shipments may be subject to duly authorized random and/or spot cheeking but only at the importer’s premises while the goods are being unloaded/stripped thereat. The importer shall be responsible for any misuse or abuse of the privilege. The Importer shall comply with all the rules and regulations promulgated by…

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#Accreditation #Importer #Super Green Lane

Importer Qualification for Super Green Lane Membership

Here are the following qualification for Super Green Lane Membership. Bureau of Customs accredited importer Must have been actively engaged in the import business for at least one year a time of filing the application for Supper Green Lane Accreditation. A regular importer of the same type of articles. CPRS registered. The person must be willing to undergo voluntary post entry audit. (more…)

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#Importer #Membership #Super Green Lane

What is Super Green Lane

Super Green Lane (SGL) Facility will allow for the advance processing and clearance of the shipments of the country’s topmost qualified importers without the benefit of prior physical examination and documentary check.

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#Super Green Lane

Other Facts About Tentative Release

We will discuss other facts about tentative release and we will start at the amount of the cash bond you should give to the Customs to avail Tentative Release. The amount of cash bonds is the difference in the amount of duties and taxes declared against the amount f duties and taxes computed based on the recommended value and/or tariff classification. A cash bond may or may not be posted depends…

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#Tentative Release

Instances Where Tentative Release May be Availed of by the Importer

What are the instances where tentative release may be availed of by the importer? When the entry is hit by valuation screen. The appraiser initiates challenge of entered value or tariff classification. (source. CMO 37-2001) If there is a pending verification of Country of Origin with the issuing country, then tentative release of shipment may be allowed.

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#Tentative Release

Tentative Liquidation

Tentative liquidation is exercised to determine the exact amount due under the law. Below are the following instances where an entry may be subject to tentative liquidation. Entries under tentative release. Entries covering importations under Sections 105 of the TCCP, where the condition for duty free importation is for “re-exportation”. Entries with insufficient information to determine entered…

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What is Tentative Release

A tentative release is a process where a shipment is released to the importer to avoid delay while the Valuation and Classification Review Committee (VCRC) deliberates on the valuation and/or tariff classification issues.

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#Tentative Release

Features of the e2m

Here are the following features of the e2m or electronic-to-mobile system of the Bureau of Customs. Online submission of declarations Automatic advice on declaration status Engagement of Value Added Service Providers (VASPs) Online submission of manifest by airlines and shipping lines, including consolidators. Automated process for other types of import transactions such as informal (including…

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#e2m #Systems

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