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Customs Clearance Procedure for import and export

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customs clearance procedures in the Philippines .
for :
a bit of letter of credit
import
export
overview on ship side

Published in: Business
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Customs Clearance Procedure for import and export

  1. 1. CUSTOMS Clearance PROCEDURES By : Danna Nicole MaLraoñuavie Dieron
  2. 2. Points of Discussion Import Letter of Credit Informal Entry Procedures Formal Entry Procedures a. Consumption Entry b. Warehousing entry Simplified Export Procedures
  3. 3. Letter Credit basically a guarantee or promise by a bank on behalf of the buyer to pay the seller a specified sum in the agreed currency, provided that the seller submits the required documents by a predetermined deadline.
  4. 4. FLOW CHART on IMPORT LETTER OF CREDIT ( L/C ) TRANSACTION Seller/Exporter Beneficiary Buyer / Importer Inquires the product & price lists … Application copy of L/C BPI Global City , Taguig Applies L/C to Opening Bank . Opening / Issuing Bank CITIBANK – New York Advising / Negotiating Bank
  5. 5. INFORMAL ENTRY PROCEDURE
  6. 6. INFORMAL IMPORT DECLARATION AND ENTRY Imported articles of a commercial in nature intended for sale, barter or hire 1. Which the dutiable value is PHP 2,000.00 or less ( Section 1302 TCCP) or Sample Items.
  7. 7. 2. Personal and Household Effects or Articles not in commercial quantity and value : A. Imported articles in accompanied baggage by passengers i. OFW ii. Returning Residents B. Consolidated shipments contained in balikbayan boxes thru an Int’l Freight Forwarding service.
  8. 8. The consignee may register himself / herself as a Once-A-Year Importer on accordance with CMO 44-2009 titled, “CPRS Registration of Once-A-Year Importer (previously First and Last Importation Scheme”)
  9. 9. Documents Required Informal Import Declaration and Entry (B.C. Form No. 177. Clearance of Single Consignee’s Shipment pursuant to CMO 10-91. Philippine Passport of an Individual Certificate of Exemption, (letter of request to DOF ). Packing List Bill of Lading Permit to Deliver Imported Goods (B.C. Form No. 194. Clearance of Consolidated Shipment under CMO 54- 89 and CMO 79.90. Bill Of Lading Packing List .Permit to Deliver Imported Goods (B.C. Form No. 194. Single consignment Consolidated
  10. 10. Office Documentation Custom s Brokera ge
  11. 11. Receives shipping documents: Bill Of Lading, Packing List Verification of vessel’s arrival ,registry number , and inquire for freight charge Preparation of informal entry declaration – lodgment at VASP (for consignee’s information only ) Checks the CPRS of the consignee If shipment to single consignment, prepares letter of request address to Secretary of Finance, Mabuhay Lane Office for Tax Exemption Certificate.
  12. 12. Procedure
  13. 13. Customs Broker Office VASP (Value Added Service Provider) consignee only Chief- Informal Entry Division Principal Appraiser BOC - EPU (Entry Processing Unit) COO III Liquidation & Billing Unit Assessment Chief District Collector Pay duties and taxes to land bank ARRASTRE / WHARFAGE CFS warehouse Delivery
  14. 14. FORMAL ENTRY PROCEDURE
  15. 15. Formal entry declaration ( consumption )
  16. 16. Formal Entry •Articles of a commercial nature intended for sale, barter, or hire, the dutiable value of which is more than P2,000.00 •Articles for, which the Collector may, upon the recommendation of the Tariff Commission for the protection of a local industry, or the revenue, require formal entry regardless of value and whatever purpose and nature of the importation. 2 types of formal entry : Consumption Warehouse
  17. 17. Documents Required Import Entry and Internal Revenue Declaration(IEIRD)  Commercial Invoice  Packing List  Bill of Lading  Licenses/Permits/Clearance Temporary Assessment Notice
  18. 18. Office Documentation Custom s Brokera ge
  19. 19. Importer sends original documents to Custom Broker Customs Broker Verification of Vessel’s Time Arrival and Registry number Inquire for freight charge Computes D/T Prepare Entry Declaration: •Lodgment of IEIRD Entry (SAD),at CEDEC, EKONEK or I-Commerce (VASP) •Print Temporary Assessment Notice Payment of D/T Bank - AAB
  20. 20. C h a n g e I m a g e Speedier Clearance St reaml ined Procedures Unprecedented Revenue Collection E2M SYSTEM
  21. 21. VASP Value Added Service Providers Privately-owned and reputable IT Company accredited by the Bureau of Customs Extends the services being offered by the Bureau by being the first line of contact of BOC clients for most business transactions Eligible VASP • CARGO DATA EXCHANGE CENTER, INC. (CDEC) www.cdec.com.ph Tel. 851-8978 and 8539434 • E-KONEK PILIPINAS, INC www.ekonek.com Tel. 879-8310 and 879-8485 • INTERCOMMERCE NETWORK SERVICES, INC. (INS) www.intercommerce.com.ph Tel. 843-2792 and 845-0509
  22. 22. Procedure on BOC
  23. 23. VASP EPD GREEN LANE YELLOW LANE RED LANE Release of cargo Entry Processing Division FED Formal Entry Division Collection division ARRASTRE/ Wharfage FCL Warehouse ARRASTRE/ Wharfage LCL Warehouse CY CFS
  24. 24. WAREHOUSING
  25. 25. WA R E H O U S E A warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc.
  26. 26. Types of Warehouses Public Customs Bonded Warehouse Private Customs Bonded Warehouse
  27. 27. Example of public warehouse
  28. 28. Customs Bonded Manufacturing Warehouse
  29. 29. Office of Customs Broker Verify vessel’s arrival and vessel’s registry number ;  receives bill of lading, commercial invoice, packing list , import permit Computation of duties and taxes Lodgment of Single Administrative Document
  30. 30. Broker Procedure CPRS -Client profile registration system VASP-Value Added Services Provider Warehouse Assessment Division -EPU
  31. 31. Warehouse Assessment Division EPU GREEN LANE YELLOW LANE RED LANE WAD –Examination & Appraisal BONDS DIVISION Pier and Inspection Division ARRASTRE / WHARFAGE Operating Division MBWD/PBWD/GMBWD Transfer of Goods
  32. 32. Warehousing Assessment Division Entry Processing Unit Receives, records, segregate documents for processing and forwards verified hard copies to Forwards to WAD sections
  33. 33. Warehouse Assessment Division- EPU Appraiser Re- routes it to Green to enable Payment process “Prints Statement of settlement of duties and taxes and Final Assessment Notice” Examiner Conducts document appraisal, amendment of warehousing entry Perform examination based on selectivity color.
  34. 34. Bonds division Processes entry, charge slip and charge bond. Prepares bond application and collection of additional charges . Warehousing Documentation And Records Division Receives original copy of warehousing entry for safekeeping and future retrieval Recording system of all transactions of the Operating Division System of monitoring, recording and filing of reports .
  35. 35. SHIPSIDE PERMIT
  36. 36. It is a written authority to discharged cargoes to shipside unto lighter/barge as per order of the Collector of Customs. The permit shall be forwarded directly to the Customs Inspector onboard the carrying vessel. “cruise ship” Passengers Boarded from Lighters
  37. 37. Kinds of imported articles to be given preference in allowing to be discharged under SHIPSIDE: 1. Explosive or dangerous cargoes, flammable cargoes or combustible liquids in any quantity including gasoline. 2. Cargoes which are considered fire hazards like raw cotton and paper cutting.
  38. 38. 3. Obnoxious cargoes, corrosive liquids, acids and dangerous poison. 4. Shipment for the Republic of the Philippines and its instrumentalities, like gun powder, etc...
  39. 39. 5. Heavy Lift Cargoes, when the ARRASTRE contractor has no adequate equipment to handle them or other cargoes which by their nature cannot be handled in the pier .
  40. 40. 6. Bulk Cargoes,…i.e. a. Crude Oil, Petroleum products b. Fertilizer (urea, ammonium sulfate) c. Soda Ash d. Iron and Steel in bullets, beams, ingots and/or similar products e. Wheat and Flour f. Pulp, paper, paperboard and newsprint in rolls g. Soy, Cacao and cocoa beans h. Staple Wires in Bales
  41. 41. Background The theory of international trade and commercial policy is one of the oldest branches of economic thought. Exporting is a major component of international trade, and the macroeconomic risks and benefits of exporting are regularly discussed and disputed by economists and others. Two views concerning international trade present different perspectives.
  42. 42. EXPORT GROWTH STATISTICS
  43. 43. Dol lar REMITTANCE Remittances in Philippines increased to 1,980,320.70 USD Thousand in May of 2014 from 1,913,939.20 USD Thousand in April of 2014. Remittances in Philippines averaged 783,733.78 USD Thousand from 1989 until 2014, reaching an all time high of 2,154,956.20 USD Thousand in December of 2013 and a record low of 64,208 USD Thousand in February of 1989. Remittances in Philippines is reported by the Bangko Sentral ng Pilipinas.
  44. 44. Types of articles and various export terms Traditional Types of Articles Non-Traditional Types of Articles
  45. 45. 1 TRADITIO NAL TYPE OF ARTICLES The Philippine economy has always depended on its exports for part of its foreign exchange needs. Traditionally, the country has exported mainly natural resource-based goods, usually in their raw, unprocessed forms. It was only during the last two decades that the country has seriously tried to increase the volume of finished or semi-finished export products relative to that of raw materials.
  46. 46. MINERALS RESOURCES The Philippines is one of the highly mineralized countries in the world with 9 million hectares considered to have high mineral potential. According to the Mines and Geosciences Bureau (MGB), the country is ranked top five in the world for overall mineral reserves, second in gold and third in copper resources.
  47. 47. Gold Coconut oil
  48. 48. RATTAN FURNITURES ARTIFICIAL TREES
  49. 49. DRIED FISH AND OTHER FISH PRODUCTS Drying food is the world's oldest known preservation method, and dried fish has a storage life of several years. The method is cheap and effective in suitable climate. Also another source of Philippine export products demand for our country's rich marine product are always rising.
  50. 50. Garments Finished products manufactured from imported raw materials. The Philippine garment industry is one of the country’s success stories. Starting as a cottage-type industry in early 1950s, it has expanded and strongly positioned itself as the country’s leading non-traditional export. 2 N O N - T R A D I T I O N A L T Y P E O F A R T I C L E S
  51. 51. SEMI-CONDUCTORS/ ELECTRONICS The National Economic and Development Authority (NEDA) is expecting a further improvement in the exports of semiconductor despite its 23.2 percent decline in January this year.
  52. 52. Export Products of Philippines in 2010
  53. 53. Procedures on exportation
  54. 54. OFFICE EXPORTER/ BROKER’s PREPARATION OF EXPORT DOCUMENTS Lodgement of Export Declaration Certificate of Identification(CI) Certificate of Inspection and Loading (CIL) and BOATNOTE (BN) >> issued & processed by CBW
  55. 55. Documents required : Export Declaration (ED) Commercial Invoice Packing List Export Declaration Certificate of Identification Certificate of Inspection and Loading Certificate of Origin Transfer note Secure an export commodity clearance/export permit from the proper government commodity office, if your product is included in the list of regulated products for exportation or if the buyer requires.
  56. 56. Exporter : will provide Final booking number Commercial invoice Packing list Bill of Lading IMPORT SECURITY FILING (ISF) on US only Broker Receives : Bill of lading Commercial Invoice Packing List BUYER PURCHASE ORDER/ LETTER OF CREDIT ( LC) Prepares : Export Declaration (ED)
  57. 57. AEDS - Automated Export Documentation System provides for automated capturing of exports transaction data that are reflected in the Export Declaration filed through the VASP. Lodgement of Export Declaration Document through VASP (E-KONEK, CDEC, Inter Commerce)
  58. 58. BUREAU OF CUSTOMS (BOC) for SEAFREIGHT PHILEXPORT OSEDC/ NAIA for AIRFREIGHT Exporter: Stuffing/loading & delivery To port of MICT/ POM To forwarder’ s warehouse for airfreight & LCL shipment
  59. 59. Buyer/bank Prepare final export documents as required to be send to the buyer or bank negotiation for payment of the shipment. CBW/BOC Liquidation Bonds Cancellation & closing of Import Entries Retrieve Orig. CI/CIL/Boat Note at BOC-CCCD for Containerized and at Forwarder for LCL/ AIR Shipments.

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