TINPLATE (TP), HOT ROLLED (HR) AND/OR COLD ROLLED (CR) STEEL IMPORTATION INTO THE PHILIPPINES FROM JAPAN
In the process of trade liberalization, Philippines had entered various agreements with different countries enabling goods and services entitled some privileges, eliminating barriers and restrictions with the end view of encouraging investments and job acceleration.
Philippines' international commitments
Aside from World Trade Organization (WTO), Association of Southeast East Asian Nation (ASEAN), Asia Pacific Economic Cooperation (APEC), AANZFTA, Philippines also tied up with Japan, as they launched the "Japan Philippines Economic Partnership Agreement (JPEPA)" where an importation of "Tin Plate, HR/CR Steel" is part of it.
Through
this agreement importation of TP, HR/CR Steel into the country
(Philippines) will enjoy the zero rate of duty (ROD 0%) under Tariff
Rate Quota Scheme (In Quota), provided, that it complies with
certificate of origin (criteria of rules of origin), accreditation and
certificate of authority to import (CAI) from Bureau of Import Services
(BIS).
Qualified importer
Before an importer become qualified for the issuance of certificate of authority to import (CAI), they must undergo first an Accreditation (DTI - BIS), with the requirements listed below, but not limited to:- Letter of intent
- Prescribed application form
- Products being manufactured
- Annual operating data (for the past immediately 3 years/actual year) as to required volume of TP, HR/CR Steel, Production volume, Sales, Value, Purchases (local/imported), Inventory prior to application.
- SEC/DTI certificate
- ICARE (form Bureau of Customs)
- BPS (if, producing finished products)
- Latest audited financial statement
- Secretary's certificate
- Affidavit of undertaking
Provided, that the requirements for CAI are the following, but not limited to:
- Letter of approval (accreditation)
- Affidavit of intent (indicating the usage)
- Sales contract
- Proforma invoice
- Purchase order
Provided
further, that the applicable Japanese Industrial Standards (JIS) to
which the TP, HR/CR steel being imported conform to (as specified by the
importer), indicated in the sales contract/proforma invoice, purchase
order or other like documents.
Finally,
upon compliance with all other requirements, upon further assistance by
any contact Customs Broker, necessary for proper declaration and
procedure, shipment be entered and cleared before the Bureau of Customs
(BOC), upon payment of corresponding fees and charges.
Note: If you are reading this article few years later than below date posted, it is highly recommended to further browse for possible amendment or you may contact us here and let us know how we can help you.
Note: If you are reading this article few years later than below date posted, it is highly recommended to further browse for possible amendment or you may contact us here and let us know how we can help you.
[Manila, Philippines | Updated: November 2013]