Thursday & Friday, February 15 & 16, 2024 * 1:30 pm to 4:45 pm
Importation of goods can be your new source of business or a great way to save on costs to stay competitive for those who want to go directly to their source of supply of goods and commodities overseas.
This special training is for those who want to really learn the best practices and trouble-free importation of goods to the Philippines with an easy step-by-step guide. The lecture will include the intricacies in dealing with the Bureau of Customs, import license issues, entry processes and procedures, compliance and documentary requirements, solving the technicalities, frequently encountered issues at Customs, and many more!
Learn the secrets of informed importers to save you on costs, valuable tips and insights for faster customs clearance and remedies. This program will also highlight the common errors committed by importers, provide you with ready-made procedures and forms, and showcase which goods and commodities have lower, zero tariffs, or exempted from the payment of import taxes. Attend and succeed in your import transactions! Rated 5-Star!
He is the author of the Handbook on the Tariff and Customs Code of the Philippines and the Customs Brokers Act of 2004,” and “The Customs Modernization and Tariff Act of 2016/ 2019 edition”. He was one of the customs experts hired towards the compliance and accession of the Philippines to the International Convention on the Simplification and Harmonization of Customs Procedures otherwise known as the Revised Kyoto Convention (RKC). He was also hired by the USAID as one of its consultants and technical experts who drafted and finalized the Republic Act No. 10863 or the Customs Modernization and Tariff Act (CMTA).
He is a customs broker and managing partner of Nague Malic Magnawa & Associates Customs Broker. He is the immediate past president of the Chamber of Customs Brokers, Inc. (CCBI) and a former Chairman of the PRC- Board for Customs Brokers and former Chairman of the CHED Technical Committee for Customs Administration.
A distinguished lecturer and reviewer on tariff and customs and a regular member of the International Network of Customs Universities (INCU) under the auspices of the World Customs Organization (WCO), and also at the Customs and International Trade Bar Association (CITBA) in Washington D.C.
PART I - BASIC CONCEPTS, REQUIREMENTS & RULES ON IMPORTATIONS
I. FUNDAMENTAL LAWS, RULES AND REGULATIONS IN BRINGING GOODS TO THE PHILPPINES
A. General Concept and Policy on Importing Goods to the Philippines
B. Provisions of RA 10863 (CMTA) on Bringing Goods to Philippine Territory
C. Customs Rules & Regulations Affecting Importations of Goods
II. TYPES AND CLASSIFCATION OF IMPORTED GOODS
A. Freely Importables
B. Restricted Goods
C. Regulated Articles
D. Prohibited Cargoes
F. Banned Items
G. In/ Out Quota Importations
III. BASIC REQUIREMENTS FOR IMPORTERS & THIRD PARTIES
A. Applying for Importer’s Customs Accreditation
B. Additional licenses & Permits from Regulatory Authorities
C. Requirement for Customs Brokers & Other Third-Party Logistics Providers
IV. CHOICE OF PORTS AND TAXATION IN THE PHILIPPINES
A. Payment of Import Taxes
1. Customs Territories
B. VAT Exempt Transactions and Preferential Tariffs
C. Exemption from Payment of Import Taxes
1. Freeport Zones
2. Special Economic Zones
3. Special Economic Zones under PEZA
4. Customs Bonded Manufacturing Warehouses
D. Temporary Importations
1. Section 800 of RA 10863 (CMTA)
PART II - CUSTOMS ENTRY CLEARANCE AND DOCUMENTATIONS
V. SENDING MY GOODS TO THE PH
A. Use of International Commercial Terms (INCOTERMS 2019)
B. Modes of Transportation/ Multimodal (Air, Sea, Land, Train)
C. Marking and Labeling Requirements under the Law and Best Practices
VI. PREPARATIONS FOR CUSTOMS DOCUMENTATIONS & ENTRY
A. Arrival of Goods in the Philippines
B. Documentary Requirements for Entry preparation
C. Single Administrative Document (SAD) & Customs Entry
1. Import Entry Declaration (IED)
2. Informal entry
3. Formal entry
4. Transit SAD
5. Transshipment SAD
6. Warehousing Entry
D. How Customs Entry is Prepared?
2. Customs Broker
3. Declarant/ Atty-in-Fact
4. Computation of Duties & Taxes
5. Mandatory Signing of Entry
E. E2m Lodgment and Processing of Entry Customs
1. Value Added Service Provider (VASPs)
2. Customs Selectivity System
3. Examination of Goods
4. Assessment and Payment of Import Taxes (if any)
5. Release and Delivery of Goods
PART III - HOW TO AVOID CUSTOMS TECHNICALITIES AND DELAYS AT CUSTOMS
VII. Avail of Customs Advance Ruling and Dispute Resolution
1. On Tariff Classification
2. On Customs Valuation
3. On Rules of Origin
VIII. Prevent Customs Abandonment and Seizures of Goods
1. Why Goods are Abandoned and Forfeited?
2. How Seizure is instituted by Customs?
IX. Customs Technicalities & Protest
1. How to prevent Undervaluation, Misdeclaration & Misclassification of Goods?
2. How Tentative Release of Goods is made?
3. How to pay import taxes under Protest?
X. Frequently Asked Questions on Customs Delays, Technicalities, Smuggling and other Customs Frauds
XI. Compliance on Customs Post Clearance Audit
1. Scope of Customs Post Clearance Audit
2. Importer’s Record-keeping compliance under CAO 1-2019
3. Procedures and Penalties for violation of the law and IRR.