Policy objective and legal basis
- The objective is to facilitate the clearance process of shipments covered by Section 7 of Executive Order No. 444 as implemented by CAO 4-97.
- The payment procedures in this Order govern how the PSIF and IPF must be paid before import entry filing at the Bureau of Customs.
- The Order expressly connects its procedures to Executive Order No. 444 and the implementation framework of CAO 4-97.
Coverage: shipments and duty-free networks
- This Order covers all shipments imported into the Philippines.
- Shipments covered are those bound for duty free shops/outlets.
- This Order also covers shipments bound for trading warehouses catering to duty free shops/outlets.
Who must pay and when
- The importer/broker must pay both the Pre-Shipment Inspection Fee (PSIF) and the Import Processing Fee (IPF).
- Payment must be made prior to filing of the import entry at the Bureau of Customs.
- Payment is required for each shipment covered within the scope of this Order.
Designated payment banks only
- Payment of the PSIF and IPF must be made only at the designated in-house banks.
- Payment must be made only through the following designated in-house banks:
- Landbank of the Phils. (branches: MICP, NAIA, Subic, Clark)
- Philippine National Bank (POM)
- Collection by the designated in-house banks is handled like other collections made for the Bureau of Customs.
Steps at the bank and required documents
- The importer/broker must present the accomplished IEIRD, the CRF, and the supporting documents to the designated in-house bank.
- The importer/broker must pay the PSIF and IPF upon presentation of those documents.
- A BCOR must be issued by the bank stating:
- the name of the company/operator,
- the IEIRD No., and
- the amount of payment.
- Unless amended:
- the IPF is PHP 250.00, and
- the PSIF is the amount appearing in the CRF converted into pesos using the exchange rate prescribed under CMO 24-95.
BCOR generation, teller systems, and contents
- For banks with the ACOS Tellering system, the bank teller must use the ACOS terminal to input payment details into the system and generate the corresponding BCOR.
- For banks with the ACOS Tellering system, the BCOR must also include a breakdown of the IPF and PSI fee.
- For ports of entry without the Tellering System, the BCOR must be issued manually following existing procedures.
- In either case, the BOC copy of the BCOR must be attached to the entry.
Customs verification before duty stop lift
- Prior to the lifting of the duty stop, the Office of the Deputy Collector for Operations must verify whether the IPF and PSIF have been paid using the ACOS terminal specifically put up for the purpose.
- For ports without the Tellering System, the original of the OR must be presented for authentication of the copy attached to the entry.
Effectivity and adoption
- The Order takes effect on the date indicated by its effectivity provision: __________.
- The Order was adopted on November 07, 1997.
- It was signed by Guillermo L. Parayno, Jr. as Commissioner.