Question & AnswerQ&A (BOC MEMORANDUM ORDER NO. 1-96A)
The purpose is to provide guidelines for the use of the revised IEIRD, align it with the WTO Valuation System, lay the basis for the computerized entry processing system (ACOS), facilitate and promote trade, protect legitimate commerce, enhance control measures, and gather accurate trade statistics.
The revised IEIRD comes pre-numbered in a set of seven copies: 1) First White for Customs, 2) Second Yellow for National Statistics Office, 3) Third Orange for Tariff Commission, 4) Fourth Gray for Bureau of Internal Revenue, 5) Fifth Blue for Declarant, 6) Sixth Pink for Terminal Operator, and 7) Seventh Green for Gatekeeper/PID or Dep. Coll. for Operations.
Key areas include Trade Operators, General Data, Transportation, Financial details, Goods Description, Procedure, Valuation, Additional Information, Assessment, Accounting, and Certifications including the Declaration under Oath.
If data required is not applicable to a particular box, 'NA' must be placed in that box.
The IEIRD must be signed by the Importer and the Broker/Attorney-In-Fact or the Importer's Attorney-In-Fact authorized to act on the Importer's behalf, with original handwritten signatures. A Declaration under Oath is required if only the Broker or Attorney-In-Fact signs.
Box 37 records the procedure code consisting of four digits indicating the requested customs procedure and the immediately preceding procedure. It includes codes for conditional free importation and binding declarations about legal compliance.
Up to five commodity codes with individual customs values less than PHP 10,000 and combined not exceeding PHP 30,000 may be declared under the highest individual value code, subject to conditions including non-combination of excise or preference items without authorization.
The SDV provides additional required information on valuation such as relationships between buyer and seller, royalties, commissions, assists, and resale proceeds, aligning to WTO Valuation Agreement requirements.
The dutiable value is determined in accordance with Section 1 of Republic Act No. 8181 and the CAO Rules and is recorded in Box 46 (Dutiable Value in Philippine Pesos) on the IEIRD.
Box 50 must contain the handwritten signatures and printed names of the Importer and Broker/Attorney-In-Fact, with date, and signify a legal declaration that the information is true, correct, and complete, meeting Customs laws' requirements.