BOC orders stringent observance of valuation, proper goods description

Customs commissioner Rey Leonardo Guerrero instructed Bureau of Customs (BOC) officials and employees to comply strictly with the basis for valuation and with the…

BOC gives assessment officers online tool for value verification

The Bureau of Customs (BOC) is now pilot-testing an internal system that will help its assessment officers determine and verify the value of a…

Understanding INCOTERMS 2000

INTERNATIONAL Commercial Terms (INCOTERMS) play a very important role in international trade. As transactions among buyers and sellers across international borders continue to grow…