Question & AnswerQ&A (BOC CUSTOMS MEMORANDUM ORDER NO. 8-2010)
The main objective is to strengthen customs capability to exercise border assessment control consistent with the WTO Customs Valuation Agreement and other international best customs practices, address revenue leakage from technical smuggling, and efficiently collect more revenues due to the government.
The Chief, Valuation and Classification Division (VCD) is tasked with undertaking the functions and responsibilities of the VRIS.
The Chief, VCD performs these functions under the direct supervision of the Commissioner of Customs.
The Chief, VCD is authorized to form a team or teams with a sufficient number of staff to effectively discharge the additional functions and responsibilities provided under this Order.
The Chief, VCD is responsible for monitoring the valuation and tariff classification of imported goods regardless of whether they are entered for consumption, informal entry, warehousing, or goods destined to special economic zones such as Subic and Clark.
The Chief, VCD shall be provided access to the E2M/ACOS system and other official electronic information files pertaining to imports.
The MISTG provides all technical support to the VCD, including secure and responsible access to systems like E2M/ACOS, Electronic Manifest Data, and other electronic information fields necessary for the VCD to carry out its mandate.
The VCD can recommend the issuance of Alert Orders on shipments suspected of violations of customs laws, rules, regulations, including the Tariff and Customs Code of the Philippines (TCCP), and can also recommend the issuance of Warrants of Seizure and Detention (WSD).
The VCD should refer these disputes to the appropriate dispute settlement office, such as the Valuation and Classification Review Committee (VCRC).
CMO Nos. 7-2001 and 4-2006 are repealed by CMO No. 8-2010, and other inconsistent orders or memoranda are deemed revoked or amended accordingly.
The Order took effect immediately upon its adoption on February 24, 2010.
The Chief, VCD is required to submit periodic reports regularly or as directed by the Commissioner of Customs.
The Chief, VCD may perform such other functions as may be assigned from time to time by the Commissioner of Customs.