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Customs Modernization and Tariff Act (CMTA).

Country/Territory
Philippines
Document type
Legislation
Date
2015
Source
FAO, FAOLEX
Subject
General
Keyword
Tax/levy Monitoring Enforcement/compliance Legal proceedings/administrative proceedings International trade Offences/penalties Royalties/fees
Geographical area
Asia, Asia and the Pacific, East Asian Seas, North Pacific, South-Eastern Asia
Entry into force notes
This Act shall take effect fifteen (15) days after its publication in the Official Gazette or in two (2) newspapers of general circulation.
Abstract

This Act implements the State policy to protect and enhance government revenue, institute fair and transparent customs and tariff management that will efficiently facilitate international trade, protect and enhance government revenue, prevent and curtail any form of customs fraud and illegal acts, and modernize customs and tariff administration. The Act provides on payment of duty and tax on imported goods, declaration requirement, penalties for errors, powers and functions of the Bureau of Customs, customs control over good, goods to be imported through customs office, compliance with standard for export and basis of duty drawback. The Act starts with Section 100 and continues till Section 1804 and consists of 18 Titles as follow: Preliminary Provision (I); Bureau of Customs (II); Customs Jurisdiction and Customs Control (III); Import Clearance and Formalities (IV); Export Clarence and Formalities (V);Customs Transit and Transhipment (VI); Import Duty and Tax (VII); Tax and Duty Deferment, Performance and Exemption (VIII); Duty Drawback and Refund (IX); Post Clearance Audit (X); Administrative and Judicial Procedures (XI); Third Parties (XII); Customs Fees and Charges (XIII); Offences and Penalties (XIV); Miscellaneous Provisions (XV); Tarrif Administration and Policy (XVI); Congressional Oversight Committee (XVII) and Final Provision (XVIII).

Full text
English