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WHAT SHOULD BE THE CONTENTS OF COMMERCIAL INVOICE FOR ARTICLES IMPORTED INTO THE PHILIPPINES?

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HOW TO BECOME A CUSTOMS BROKER (PHILIPPINES)

What is Customs Broker? Perhaps, majority of us doesn't know the realm of a customs broker or even don't have an idea of it's existence. Basically, Customs Brokers (licensed) is just one of the courses being administered by the Professional Regulation Commission (PRC) in collaboration with Commission on Higher Education (CHED), of course, Department of Education (DepEd). To define, Customs Broker is any person who is a bona fide holder of a valid certificate of registration/Professional identification card issued by the PRC and Professional regulatory board. Enacted law Before the enactment of R.A. 9280 "otherwise known as Customs Brokers Act of 2004" anyone wishing to take the licensure exam for customs brokers was allowed, even not a graduate of Bachelor of Science in Customs Administration (BSCA), as long as, the desired number of units in Tariff and Code of the Philippines is complied with, however, through the said Act (R.A. 9...

CONDITIONALLY FREE IMPORTATION UNDER SECTION 105 OF TCCP (Tariff and Customs Code of the Philippines), as amended

Herein, are the list of importation into the Philippines that are entitled to avail the non-payment of import duties upon compliance with the conditions prescribed. Basically, all articles imported into the Philippines whether subject to duty or not shall be entered through a customhouse (i.e. Bureau of Customs) at a port of entry, in accordance to section 1201 of the TCCP. Further, all articles when imported from any foreign country into the Philippines, shall be subject to duty upon each importation, even though previously exported from the Philippines, except as otherwise specifically provided for in this code (i.e. the TCCP), pursuant to section 100 of the same code. Hence, below are those of exceptions upon certain conditions. Aquatic products Equipment for salvage of vessels or aircraft Cost of repairs upon vessels or aircraft Articles for repair, processing or reconditioning Trophies, prizes or those received as honorary distinction Personal & ...

RESPONSIBILITIES BETWEEN SHIPPER AND CONSIGNEE IN SHIPPING

In every course of shipping, there shall be a shipper or consignor, and correspondingly a consignee or receiver, whether for commercial, personal or any other purpose. Basically, distinction of liability as to the shipper and consignee that pertains to what extent one party are obliged to cover, from the transfer of the subject articles to the port/pier from the shipper's warehouse or any place of pick-up, down to the charges - the shipping/airline will be collecting from the time of shipping, the insurance, if any, and the corresponding expenses to the port of destination necessary to proceed the delivery to consignees address, as generally termed as "Terms of Shipment". TERMS OF SHIPMENT International Commerce Terms or Incoterms® rules are standard trade definitions, devised and published by International Chamber of Commerce (ICC) and widely used in international commercial transactions and sales contracts. Incoterms ® 2010 were launched in mid-Sep...