BOC CUSTOMS MEMORANDUM ORDER NO. 5-2004, February 26, 2004

[ BOC CUSTOMS MEMORANDUM ORDER NO. 5-2004, February 26, 2004 ]

AMENDMENTS TO CMO 29-2003: `CLEARANCE PROCEDURES FOR PASAR PRODUCTS WITHDRAWN FOR CONSUMPTION INTO CUSTOMS TERRITORY'

Secs. 4.3, 4.4.1 and 4.5 of CMO 29-2003, which provides for the "CLEARANCE PROCEDURES FOR PASAR PRODUCTS WITHDRAWN FOR CONSUMPTION INTO CUSTOMS TERRITORY," is hereby amended to read as follows (amendments underscored):

"4.3 After payment, the declarant shall file with the Entry Processing Unit (EPU), Sub-Port of Isabela complete set of the duly accomplished IEIRD, which shall have been machine-validated by the LBP to show payment, and other supporting documents. If payment is made at an LBP branch other than LBP-Ormoc Branch, the declarant shall present instead the remittance/deposit slip for such payments.

"4.4 The EPU reviews the submissions for their completeness, specifically as to the following:

"4.4.1Duly accomplished IEIRD, which shall have been machine-validated by the LBP to show payment of the taxes/duties payable as indicated in the IEIRD. In the case of payments made at LBP branches other than LBP-Ormoc Branch, the remittance/deposit slips issued by the LBP branch."

"4.5 The EPU shall forward to the Assessment Section, through the COOV, the working copy of the IEIRD (machine-validated by LBP) and supporting documents, which shall include the remittance/deposit slip in cases where the payment is not machine validated . It shall also distribute the other copies of the IEIRD accordingly, pursuant to CMO 1-96 and its amendments."

This Order takes effect immediately upon signing.

Adopted: 26 Feb. 2004

(SGD.) ANTONIO M. BERNARDO Commissioner