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                       Early Payment Deadline      CGBP




FRIDAY, 7 JUNE 2019 * 9:00AM to 5:00PM
The new importation laws, rules and regulations embodied in the Customs Modernization Tariff Act (CMTA) with its comprehensive implementing policies and procedures outlined in Customs Administrative Orders and subsequent Customs Memorandum orders recently released this year (2019) will impact on all importation of goods to the Philippines which requires all organizations involved in such transactions to be compliant and audit ready.

Attend this one-day special training and learn everything you need to know including the changes in the Tariff and Customs Code of the Philippines to update yourself, succeed in your trade transactions, hurdle challenges, and avoid higher penalties in the form of administrative fines, surcharges and interests for misdeclaration, undervaluation and misclassification of imported goods, failure to pay correct duties and taxes among many others!

This will also include recent Department of Finance issuances as well as relevant foreign and local jurisprudence on matters involving imported goods. Managing your customs compliance obligations responsibly and proactively can make a critical difference in the success of your business!

 Limited Seats Only, Pre-Registration Required

   REGISTER early and avail up to 10% discount for early payment and Group of 3 or more attendees

   Contact Person: Kyra Villanueva
   Manila lines (+632) 556-8968 or 69
 Manila Telefax (+632) 842-7148 or 59
   Cebu lines (+63 32) 512-3106 or 07
   Baguio line (+63 74) 423-2914
   Legazpi line (+63 52) 736-0148
    Check:    ____________________________

Training Investment is P10,500 inclusive of Meals, Resource kit & Certificate of Attendance

Course Director & Lecturer:

Atty. Mark Anthony P. Tamayo, CPA

He is a Partner at MTF Counsel (Mata-Perez, Tamayo & Francisco) specializing in, among others, Global Trade and Customs planning, Cross Border Tax planning, International & Domestic (national & local) Tax planning, advisory & controversy, Corporate Organization, Reorganization and Restructuring, Mergers & Acquisitions, Contracts and Investment Incentives.

Prior to MTF, he was a Tax Partner at SGV & Co., a member firm of Ernst & Young Global, and served as the Indirect Tax Country Leader and Head of the Global Trade & Customs. He successfully handled the firm’s major and sensitive tax & customs advisory, advocacy and compliance engagements and is continuously helping many importers, exporters, and businesses succeed in their trade transactions.

Who Should Attend:

         • Importers, Exporters & Traders
         • Manufacturers & Assemblers
         • Exporters
         • Business Owners
         • Lawyers, CPAs & Consultants
         • Customs Brokers and agents
          of Importers
         • CFOs & Finance Director
         • Export/ import Managers
         • Logistics personnel
         • Locators at PEZA

This training is open to the
General Public

New Customs and Trade Rules of the Philippines

EDSA Shangri-La Hotel, Mandaluyong City, Philippines
9:00am to 5:00pm, Friday, June 7, 2019

Course Outline

I. Basic Importation Concepts

II. Obligation of every Importer before, upon, after importation

         A. Role of parties in an import transaction
         B. Who is considered as an “Importer”
         C. Rules on BOC Accreditation
         D. Types of imported goods
           • Freely importable goods
           • Regulated goods
           • Prohibited goods
           • Restricted goods
         E. Enhance goods declaration verification system
         F. Entry Lodgment and Cargo Clearance Process
         G. Abandonment
         H. Selectivity system
         I. Availment of FTA (ATIGA/AFTA) preferential rates


III. How to value imported goods for customs purposes

         A. Comparison of Home Consumption Value, Export Value and Transaction value systems
         B. Concept of Transaction value system under the WTO
         C. Misdeclaration, Misclassification, Undervaluation
         D. Pure Smuggling vs. Technical Smuggling


IV. What duty rate to apply

         A. Classification of Imported goods
           • General Rules for the Interpretation (GRI)
         B. Most-favoured nation (MFN) rates (Regular rates under Section 1610 CMTA)
         C. Preferential duty rates (rates under Free Trade Agreements)
           • ASEAN Trade In Goods Agreement (ATIGA) (i.e., Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar,
             Philippines, Singapore, Thailand, and Vietnam)
           • ASEAN – China
           • ASEAN – Korea
           • ASEAN – Australia and New Zealand
           • ASEAN – Japan
           • ASEAN – India
           • Japan-Philippines Economic Partnership Agreement
         D. Exemption from duties and/or taxes
           • CBW importations
           • Special laws
           • Conditionally duty-and tax-free importations
           • VAT-exempt transactions
           • Other laws
         E. Tax Exemption System


V. RA No. 10863 - Customs Modernization and Tariff Act

         A. Background, Salient Changes and Draft regulations


VI. Audit Powers of the BOC

         A. At the border
           • Pre-lodgement control
           • Alert order
           • Verification powers at the border
           • Common issues raised at the border
             - Valuation issues
             - Classification issues
             - Compliance issues
           • Dispute settlement rules and appellate remedies
         B. During Post Clearance Audit (PCA)
           • Revives the Post Clearance Audit functions of the BOC
           • Post Clearance Audit Rules
           • Expanded Definition of an “importer” for PCA purposes
           • Selection Criteria for Audit
           • Transaction Value System
           • Common issues raised during PCA
             - Transaction Value System
             - Additions to the “price paid or payable”
             - 6 Methods of Valuation
               • Method 1 – The transaction value
               • Method 2 – The transaction value for identical goods
               • Method 3 – The transaction value of similar goods
               • Method 4 – The dutiable value
               • Method 5 – The computed value
               • Method 6 – The fallback value
             - Royalty and license fees
               • Elements of dutiable Royalty and license fees
                 - Colgate-Palmolive vs Commissioner of Customs CTA Case No. 7806 Jan. 26, 2016
                 - Technical Committee on Customs Valuation (TCCV) Advisory Opinion 4.15
             - Related Party Transactions
               • Customs Valuation vs. Transfer Pricing rules
                 - TCCV Case Study 14.1
                 - TCCV Case Study 14. 2
             - Other valuation, classification and compliance issues
             - Record keeping requirements
               • Penalties (Negligence, Fraud, Interest)


VII. Expanded jurisdiction of the Court of Tax Appeals relating to decisions rendered by the Commissioner of the
       Bureau of Customs and Secretary of Department of Finance.


VIII. Trade Remedy Measures

         A. Concepts of Anti-dumping, Countervailing, Safeguard Measures
           • Remedies/ procedures to initiate case
           • Evidence needed to sustain the findings of DTI or DA
           • The imposition of provisional and definitive measures


IX. Trends and updates

         A. Customs Reform Program under the Duterte Administration


X. What to expect from BOC moving forward


XI. Best practices

TRAINING FEE PER PERSON: P10,500 (Fee covers Meals, Resource Kit, Certificate of Attendance)


Less 5% for early registrants (on registrations made on or before May 7, 2019)
Less 5% for early payment (if made on or before May 27, 2019)
Less 5% for group registration (minimum of 3 participants)

Share |
Download: Flyer - Black&White (.PDF 406kb)
                         Course Outline (.PDF 366kb)