Question & AnswerQ&A (BOC CUSTOMS MEMORANDUM ORDER NO. 23-97)
The main objective is to facilitate processing of warehousing entries by instituting an automated collection of import processing fee (IPF), to account and monitor daily remittances of IPF, and to decongest BOC clients transacting at the Collection Division.
The Port of Manila is initially covered, and the system will be subsequently rolled out to other Customs ports which have ACOS in place.
The IPF is a fee collected by the Bureau of Customs from a pre-payment fund set up by Customs Bonded Warehouse (CBW) operators and members mainly for processing warehousing entries. The fee is automatically deducted from this pre-payment fund for each transaction.
Small industry requires a P5,000 pre-payment fund, Medium industry requires P10,000, and Large industry requires P20,000.
CBW accredited members are classified as Small industry for purposes of the pre-payment fund amount.
Yes, the Order allows CBW operators to set up a pre-payment fund greater than the specified amounts if the volume of their transactions makes it more efficient.
The Chiefs of the Operating Divisions namely Miscellaneous (MMBWD), Garments/Textile Manufacturing (GTMBWD), Common (CCBWD) and Public/Private (P/PBWD) Bonded Warehouse Divisions.
The list must include the Name of Company, CBW Number, Tax Payer's Identification Number (TIN), Telephone Number, Complete Address, and its industry classification.
Warehouse operators/members must register at the Collection Division by presenting their TIN and CBW number for verification, receive a registration slip, and then set up the minimum pre-payment fund at the Philippine National Bank Port Area Manila, which will issue an official BOC receipt.
The Cash Division Chief advises the CBW operators/members through their respective Operating Division to replenish the pre-payment fund. If the balance is less than the IPF amount, processing of the warehouse entry is deferred until replenishment.
No, processing shall be deferred because the system will not allow non-collection of the IPF.
IPF is automatically deducted from the pre-payment fund upon electronic assessment of the warehousing entry, either at the Electronic Entry Confirmation (EEC) for green lane entries or at Warehouse Assessment Division (WAD) for selected entries.
They can request a hard copy statement of account for the pre-payment fund from the Philippine National Bank Port Area upon demand.
The Collection Division receives copies of IPF remittances, with copies furnished also to the Commission on Audit (COA) for their information and guidance.
The Order took effect on September 4, 1997.