CUSTOMS MEMORANDUM ORDER NO. 12-2018

: The main objective is to implement the Automated Bonds Management System (ABMS) for Re-Export Bonds in all Customs Ports and to provide detailed instructions to stakeholders on the customs processes under the ABMS.
: Declarants, brokers, importers, Accredited Value-Added Service Providers (VASPs), surety companies, and Bureau of Customs (BOC) personnel.
: It applies to all bonding companies accredited pursuant to Customs Memorandum Order No. 22-2003.
: Surety Companies must file a one-time registration with the Client Profile Registration System (CPRS) of the Electronic to Mobile (E2M) Customs System.
: The account can be de-activated if the Surety fails to renew its quarterly Authority to Transact Business as Surety (ATBAS) or when its application fails to meet the requirements of the Bureau.
: Importers must use procedure 5300/000(5A) of Box 37 of the Import Entry Declaration for Re-export Bond as Terms of Payment (TOP) as provided in Annex A, CMC 115-2015.
: It must be accompanied by the appropriate Tax Exemption Certificate (TEC) issued by the Department of Finance.
: They must ensure the proper code is used and that the declaration is accompanied by the appropriate Tax Exemption Certificate.
: Re-filing of entry and Re-export Bond must be done.
: Processing of Export Declaration must follow the procedures provided in Annex B of CMC 115-2015.