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: NVVS value a ‘reference’, not replacement for transaction value
There is no order instructing customs appraisers to favor value in the National Value Verification System (NVVS) over the transaction value, according to an…
Use transaction value to assess shipments, Lapeña reminds BOC officers
Customs Commissioner Isidro Lapeña has reiterated to Bureau of Customs (BOC) officials to adhere to the World Trade Organization (WTO) Customs Valuation Agreement and…
