Amendment to Joint Order 1-91 Implementing the Global Comprehensive Imports Supervision Scheme (CISS)

MEMORANDUM Series of 1993

TO : All Commercial Banks and All Concerned

SUBJECT : Amendment to Joint Order 1-91 Implementing the Global Comprehensive Imports Supervision Scheme (CISS)

For your information and guidance and pursuant to Monetary Board Resolution No. 201 dated March 15, 1993 enclosed herewith is a copy of the supplementary amendment to Paragraph 3 of Joint Order 1-91 implementing the Global CISS, duly signed by the Secretary of Finance, Secretary of Trade and Industry and the Governor of the Central Bank.

The amendment seeks to exempt from the SGS pre-shipment inspection, importations of pre-cut fabrics and accessories by garment exporters.

Please be guided accordingly.

For the Monetary Board

JOSE L. CUISIA, JR. Governor

AMENDMENT TO JOINT ORDER NO. 1-91

Pursuant to Memorandum Order No. 391 dated September 02, 1991, paragraph 3 of Joint Order 1-91 implementing the Global Comprehensive Imports Supervision Scheme is hereby amended to include the following sub-paragraph:

"1. importations of pre-cut fabrics and accessories for processing into finished garment and textile products for export by firms which have been engaged in the garment and textile exports for the last five (5) years, subject, however, to the following conditions: (1) the firm and/or any of its officers have not violated any rules and regulations of the GTEB, CB and BOC governing import/export operations during this five year Period nor have any pending case whether administrative or judicial regarding the conduct of importation of its raw material; (2) the firm must not be delinquent in the liquidation of imported raw materials; (3) the said pre-cut fabrics and accessories are directly used in the manufacture of the products to be exported; and (4) the firm must present an exemption certificate issued by the Ad Hoc Committee on the CISS thru the Garments and Textile Export Board."

Approved, this 22nd day of March, 1993, Manila.

RAMON R. DEL ROSARIO, JR. Secretary Department of Finance

RIZALINO S. NAVARRO                                          (SGD.) JOSE L. CUISIA, JR. Secretary                                                                                 Governor Dept. of Trade and Industry                                    Central Bank of the Phils.