Author: mtanael
-
Post Clearance Audit and Prior Disclosure Program
On 09 January 2019, the Bureau of Customs (BOC) issued Customs Administrative Order (CAO) No. 1-2019 which provides for the Implementing Rules and Regulations of Sections 1000-1006 of the Customs Modernization and Tariff Act (CMTA). CAO No. 1-2019 mandated the BOC’s Post Clearance Audit Group (PCAG), within three (3) years from the importer’s date of…
-
Documentary Requirements for the Accreditation of Importer
Dear Readers, Good day! Please see attached memorandum from the Bureau of Customs (Documentary Requirements for the Accreditation of Importer) dated 4 December 2018 reiterating the strict compliance with the updating of List of Importables (LOI) to Account Management Office (AMO) according to CAO 11-2014. The said provision regarding LOI provides; “d. List of Expected…
-
ASEAN Firms Stand To Gain From Trade War If They Act Now—Trade And Customs Expert
Angelia Chew, co-founder and managing partner of Singapore-based AC Trade Advisory, at the recent seminar on “Managing International Trade in the Philippines and Beyond in Asia Pacific” organized by PortCalls and Asia Customs & Trade. By Portcalls The Philippines and other Association of Southeast Asian Nations (ASEAN) member-states could benefit from the ongoing trade war…
-
The Eleventh Foreign Investment Negative List
On 29 October 2018, the Office of the President issued Executive Order No. 65, “Promulgating the Eleventh Regular Foreign Investment Negative List,” replacing the three-year-old Tenth Regular Foreign Investment Negative List issued by the former administration in 2015. The Eleventh Foreign Investment Negative List indicates the investment areas or activities which are open to…
-
Managing International Trade in the Philippines and Beyond in the Asia Pacific
Managing International Trade in the Philippines and Beyond in the Asia Pacific seminar organized by PortCalls and Asia Customs & Trade was held at Shangri-la Makati on November 16. The seminar focused on ensuring trade compliance, and identifying cost efficiencies and duty savings for businesses. Speakers for the event included WCi partner Atty. Agaton Teodoro Uvero, chairman of Asia Customs & Trade and…
-
The First Legal Risk & Corporate Governance Summit
Atty. Ver Angelo Sumabat, one of the partners of WorldTrade Consultants, Inc., discussed Tax Remedies during the first ever Legal Risk and Corporate Governance Summit on Oct 29-30 at SMX Aura Convention Center, BGC. Attendees of the event were different Legal Counsels and Officers, Risk Practitioners, and C-level Executives.
-
BOC Defers 1-Assessment Implementation At Key PH Ports
By: Portcalls Customs Commissioner Isidro Lapeña has agreed to defer implementation of 1-Assessment, also called the Electronic Goods Declaration and Verification System (EGDVS), at the Port of Manila, Manila International Container Port, Port of Cebu and Port of Davao until early 2019. The decision follows a request for deferment by the Chamber of Customs Brokers,…
-
BOC Automation: New Processes Enabling Trade Facilitation
Speakers deputy commissioner Jeffrey Ian Dy and information officer Lisa Absalon (fourth and fifth from left) with (L to R) PortCalls and Asia Customs & Trade publisher Liza P. Almonte, and guests (L to R) Chamber of Customs Brokers Inc president Atty Ferdinand Randy Nague, Subic-Clark Alliance for Development (SCAD) executive director Linda Bondoc Pamintuan, CDEC CEO and PortCalls columnist Leo…
-
Seminar To Guide Businesses On Trade Planning, Customs Compliance
Singapore and the Philippines’ leading trade and customs experts will conduct a seminar on “Managing Your International Trade in the Philippines and Beyond in Asia Pacific” on November 16, 2018 in Manila. The seminar is designed to help international businesses ensure trade compliance, and identify cost efficiencies and duty savings. Angelia Chew and Eugene Jang,…
-
Administrative Order No. 13-2018
Removing Non-Tariff Barriers and Streamlining Administrative Procedures on the Importation of Agricultural Products