Question & AnswerQ&A (BC MEMORANDUM)
The BC Memorandum dated March 1, 1996, concerns the application procedures for operating and establishing a Customs Bonded Warehouse (CBW) and for accreditation as members in a common CBW.
The memorandum dated August 22, 1994, which required the filing of all applications to operate and establish a Customs Bonded Warehouse with the Office of the Commissioner, was recalled.
Applications should be filed with the operating division concerned in the Port of Manila or its equivalent unit in other collection districts.
The Collector of Customs must furnish the Office of the Commissioner a copy of the duly processed application form for each application endorsed to the Deputy Commissioner for Assessment and Operations for approval.
To the Office of the Commissioner, Attention: Special Assistant for Bonded Warehouse Operations.
No, clearance from the Office of the Commissioner is no longer necessary for transferring the initial shipment to the newly approved CBW or accredited member.
It is for control purposes and to update the Bureau computer file of CBWs.
The Deputy Commissioner for Assessment and Operations approves these applications.
A Customs Bonded Warehouse is a secured facility where imported goods are stored without payment of duties until they are released for consumption or export.
Commissioner Guillermo L. Parayno, Jr. signed and adopted the memorandum.