Exporters' pre-registration with BOC, auto debit payment also eyed under draft CMO

There is no need for a new set of rules for the electronic processing of export declarations, according to the Export Development Council (EDC).

In a recent letter to Customs commissioner Angelito Alvarez, Trade Secretary and EDC chair Gregory Domingo said the e-processing of export declarations – scheduled for implementation as early as next month – should be patterned after the Import Assessment System (IAS), considering the framework is similar.

"The Council recommends that the draft CMO (Customs Memorandum Order) on AEDS (Automated Export Declaration System) be patterned after CMO 27-2009, (covering the) implementation of e2m (electronic-to-mobile) customs system," Domingo said.

Under the draft CMO submitted by EDC to the BOC, the electronic lodgment of export declarations will require exporters to pre-register under the Client Profile Registration System, and settle accounts via automatic debit payment or the Payment Abstract Secure System v. 5 (PASS5). Export shipments will also have to go through the customs selectivity criteria (green, yellow and red lanes). Under the IAS, these rules also apply.

"Further, the Council recommends the inclusion of other alternative electronic payment system in the current PASS5 e.g., ATM/Debit Card, Credit Card for the payment of duties, taxes, and documentary stamp tax to prevent delays in processing and loading. This will also help in the smooth migration towards the new system," Domingo said.

The current PASS5 is restricted to accounts opened by importers with BOC-authorized agent banks.

The first draft of the CMO, submitted by value-added service provider E-Konek Pilipinas, effectively limits the choice of the VASP to E-Konek, a practice currently observed at Subic Bay. This draft has since been rejected.

You May Also Like

Moore Stephens: Slight drop in box shipping operating costs in 2016

Total operating costs for the container ship, tanker, and bulker sectors were all down in 2016, with the insurance category making the biggest decline,…

Zim to take part in G6 trade expansion, cancels newbuild orders

Israeli shipping line Zim announced it will seek the approval of the Federal Maritime Commission (FMC) of the United States allowing it to cooperate…

TSA announces GRI for Asia-US trade services

The Transpacific Stabilization Agreement (TSA) has recommended a US$400 per 40-foot container general rate increase (GRI) for its member-carriers operating from Asia to the…

Ships jam HK harbor as talks fail to end strike

HONG KONG faced a buildup of cargo vessels waiting to load and unload on its famed Victoria Harbour as the first day of talks…