BOC CUSTOMS MEMORANDUM ORDER NO. 4-2011

: The primary purpose is to ensure that Customs Bonded Warehouses (ICBWs) are not used as conduits to avoid lawful duties and taxes and to prevent smuggling through the warehousing scheme.
: The Special Assistant for Warehousing and Operations, Office of the Commissioner is tasked to form the Audit Team.
: The Audit Team is authorized to require ICBW Operators to produce necessary documents related to imports and exports, manufacture formula, company profile, and other pertinent audit documents.
: Failure to produce requested documents will be deemed as if no such documents exist.
: They must provide the Account Officer’s Record of Importation, exportation, and related documents attached thereto.
: The Bonds Division shall provide the Audit Team with a certified list of open entries of the ICBW under audit.
: The Audit Team must submit a comprehensive and detailed report including recommendations within 30 days from the issuance of the Mission Order.
: Recommendations may include issuance of demand letters, suspension of warehousing privileges, placing future importations under Section 1508 of the TCCP, revocation of licenses, and prosecution for criminal liability.
: Section 1508 of the Tariff and Customs Code of the Philippines (TCCP) is referenced for stricter control of future importations.
: This Order takes effect immediately upon issuance and remains in force until revoked.