Republic Act (RA) No. 10863, otherwise known as the Customs Modernization and Tariff Act (CMTA), was signed into law on 30 May 2016
The CMTA amended the Tariff and Customs Code of the Philippines (TCCP) with the aim of modernizing Customs rules and procedures for faster trade, reduce opportunities for corruption, improve Customs service delivery and improve supply chain.
The Department of Finance has established a website for the public consultation on the drafting of the Implementing Rules and Regulations (IRR) of the CMTA.
At present, there is a call for position papers and participation in the public consultation on the Customs Bonded Warehousing System. The Department of Finance is accepting Position Papers from interested private and public stakeholders from 13 October to 20 October 2016, closing exactly at midnight, Philippine Standard Time.
Upcoming consultation events (as of October 13, 2016) are (mm-dd-yy)
Topic |
Posting Date |
Deadline/Public Consultation |
Customs Bonded Warehousing System |
10-13-16 |
10-20-16 |
Balikbayan Boxes |
10-20-16 |
10-27-16 |
Conditionally Tax and Duty Exempt Importation by Balikbayans, Returning Residents and Overseas Filipino Workers |
10-27-16 |
11-03-16 |
Duty Drawback, Refund and Abatement |
11-03-16 |
11-10-16 |
Treatment of Different Types of Stores, Clearance of Postal Items, Traveler and Passenger Baggage Processing |
11-10-16 |
11-17-16 |
Entry Lodgment and Cargo Clearance Process |
11-17-16 |
11-24-16 |
Abandonment – Kinds and Effects |
11-24-16 |
12-01-16 |
Authorized Economic Operators |
12-01-16 |
12-08-16 |
Dispute Settlement and Protest |
12-08-16 |
12-15-16 |
Export Cargo Clearance and Issuance of Rule of Origin |
12-15-16 |
12-22-16 |
Closed consultations | ||
Post Clearance Audit |
09-29-16 |
10-06-16 |
Alert Orders and Risk Management in Customs Control |
09-15-16 |
09-22-16 |
Advance Ruling System |
09-01-16 |
09-08-16 |
De Minimis Importations |
08-25-26 |
09-01-16 |