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Home International Customs

Philippines Customs exempts PEZA-registered importers from revenue clearance

byCustoms Today Report
22/12/2014
in International Customs, Philippines
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MANILA: The Philippines Customs Department has given exemption to all the importers, who have been registered with Philippine Economic Zone Authority (PEZA) from the Revenue clearance by Bureau of Revenue (BIR) as amended by DO 18-2014, and shall be eligible for accreditation as importers with the Bureau of Customs Account Management Office (BoC-AMO).

“PEZA locators that will import goods into the Philippines will have to comply with the documentary requirements provided in the relevant rules of procedure of customs,” the order stated.

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“Failure to do so will subject them to the sanctions and penalties as provided by the Tariff and Customs Code of the Philippines, as amended, and by pertinent customs laws and regulations,” it added.

The Finance Department, on Feb. 6, issued Department Order (DO) 12-2014 requiring importers and brokers to secure a BIR Importer Clearance Certificate (BIR-ICC) and a BIR-brokers clearance certificate (BCC) as a requisite

The twin orders require importers and brokers to secure an importers clearance certificate (ICC) and a customs broker clearance certificate (BCC) as a new requisite before they can transact with

Importers were originally given 90 days to comply with the new rule. Of the 14,995 importers and brokers registered with the Bureau of Customs’ (BoC) client profile registration system before the July 31 deadline, 9,418 or 63% were able to comply.

However, it noted that only 11 or 0.1% of the total importers were able to beat the original May 21 deadline. A total of 3,377 applied in the first extension while an additional 6,030 sought accreditation during the second extension.

Tags: clearance exemptionPhilippine Economic Zone AuthorityPhilippines Customsrevenue clearance

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