New Amended Joint Order No. 1-91 on CISS
BSP MEMORANDUM Series of 1998
TO: All Commercial Banks
SUBJECT : New Amended Joint Order No. 1-91 on CISS
Pursuant to paragraph no. 16 of subject Order, please be advised of the re-issuance of subject new Amended Joint Order No. 1-91, on the implementation of the Comprehensive Import Supervision Scheme (CISS), signed jointly by Acting Secretary of Finance Ma. Cecilia G. Soriano, Secretary of Trade and Industry Cesar B. Bautista and Bangko Sentral ng Pilipinas Governor Gabriel C. Singson.
Subject new Amended Joint Order 1-91 as re-issued took effect on March 16, 1998 and "shall apply to goods covered by Philippine L/Cs or SGS Registration Documents opened/issued on or after March 16, 1998" as provided under paragraph nos. 16 and 17 of subject Order.
A copy of subject Order, as furnished by the Bureau of Customs, together wit the covering Customs Memorandum Order 92-98 dated 16 March 1998, is attached for your information and guidance.
Please inform your importer-clients accordingly.
EDGARDO P. ZIALCITA Officer-In-Charge
More in BSP Memoranda
- Live Implementation of the Enhanced Comprehensive Credit and Equity Exposures Report of 2023 (COCREE 2.0)(BSP Memoranda No. M-2026-020)
- Guidelines on the Electronic Submission of the BASEI III Net Stable Funding Ratio (NSFR) Report(BSP Memoranda No. M-2019-003)
- Third Party Custodianship - Special Power of Attorney (SPA) for Investor-Clients(BSP Memoranda No. M-2006-002)
- Lebanese Currency Exchange Facility for Overseas Filipino Workers Returning from Lebanon(BSP Memoranda No. M-2006-016)
- MB Resolution No. 1254 dated 01 August 2013 Placement of the Rural Bank of San Jose del Monte, Inc. Under Receivership(BSP Memoranda No. M-2013-036)
- MB Resolution No. 1438 dated 18 September 2014 Placement of the Rural Bank of Lobo, Inc. Under Receivership(BSP Memoranda No. M-2014-036)
- Resumption of the Collection of Settlement Fees and Other Charges for the Use of the Peso Real Time Gross Settlement (RTGS) System(BSP Memoranda No. M-2023-002(corrected copy))
- Guidelines on the Submission of the Supplemental Report to the Financial Reporting Package (FRP) on Modified and Restructured Loans(BSP Memoranda No. M-2022-008)
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.