Risk Management System (Its emerging relevance in modern customs administration)
Traditional modes of customs control are essentially reactive. It is only when goods are formally entered that customs initiate standard checks through import documentation…
December 22, 2003
5 minute read
Rules of origin and marking of imported goods
Scenario. XYZ, a Philippine trading company, is planning to introduce in the domestic market generic notebook computers by next year. The notebook computers are…
November 24, 2003
4 minute read
CAO 8-2003: Selection of companies for customs audit
Customs Auditors. In a previous article on the Post Entry Audit (PEA) system, we mentioned that the Bureau of Customs (BoC) advertised in major…
November 18, 2003
4 minute read
Understanding the WTO: Trade Rules and Agreements (3)
This is the last of our initial series of articles on the WTO. Our previous two articles discussed the nature, concept and principles of…
October 27, 2003
3 minute read
Understanding the WTO: Principles of the trading system (2)
IN this second part of our series of articles on the WTO, we will discuss the principles of the multilateral system governing trade in…
October 13, 2003
4 minute read
Understanding the WTO: Nature and Concept (1)
This is a three-part series on the WTO, its nature, concept, principles and agreements. Philippine Membership to the WTO. On January 1, 1995, the…
September 29, 2003
4 minute read
How MNC set the Price for Exported Goods
Related Party Transactions. One common issue for Multinational Companies (MNCs) when clearing goods with customs is how to prove that the price paid for…
September 15, 2003
4 minute read
Latest Update on Customs Audit Systems
New Customs Positions. Last June 15, 2003, the Bureau of Customs (BoC) advertised in major newspapers a list of vacancies under the Post Entry…
September 1, 2003
3 minute read
Prohibited Methods of Customs Valuation
THIS is the sixth and last consecutive article relating to the WTO-based customs valuation system. In the first five articles, we discussed about methods…
August 18, 2003
4 minute read
Why Customs rejects the invoice price of imported goods
In our previous article entitled “WTO Agreement on Customs Valuation: An Introduction”, we discussed the background of the present WTO-based customs valuation system and…
July 23, 2003
4 minute read
How to defend your invoice price before the VCRC
This is the third part of a series of articles on the subject of customs valuation. Our previous article was on “why customs reject…
WTO Agreement on Customs Valuation: An Introduction
Brief Background. The customs valuation system presently being implemented at the Bureau of Customs is the Transaction Value (TV) System, which is principally based…
June 9, 2003
4 minute read
New safeguard investigations against Glass Imports
Preliminary Investigations on Glass Imports. Last month, the Department of Trade and Industry (DTI) initiated safeguard preliminary investigations against importations of Glass Mirrors and…
May 26, 2003
4 minute read
Customs brokerage: An integral part of International Logistics
Logistics and the Supply Chain. In the last decade, we have witnessed the growing impact of globalization on how companies conduct their business across…
May 12, 2003
4 minute read
New tariff classification system to be implemented by July 2003
New Development. The Philippine government has recently announced that it will finally adopt the ASEAN Harmonized Tariff Nomenclature (AHTN) by July of this year.…
April 28, 2003
4 minute read
International sales contracts: What importers, exporters should know
Risks in the Supply Chain. For companies engaged in domestic or international trade, a major concern is how to protect the company’s business interests…
April 14, 2003
4 minute read
Trading in the future: Zero Tariffs under AFTA
Just recently, the Philippines has been reported to express opposition on further plans for liberalization and regional integration under the ASEAN Free Trade Agreement…
March 31, 2003
4 minute read
RA 8752: Rule on Dumping of Imports
Dumping in General. In general, there is “dumping” when a company is importing goods at a price lower than the domestic price at the…
March 17, 2003
4 minute read
Risk Assessment of Customs Brokerage Operations
LAST February 21, 2003, we made a presentation at the Century Park Hotel before the National Assembly of the Chamber of Customs Brokers, Inc.…
