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WORTHCARGO What should I pay attention to when importing and exporting goods in the Philippines? - PHILIPPINES LINE

What should I pay attention to when importing and exporting goods in the Philippines?

source: Worth Cargo   2023-09-21 16:57:20  
How can the Philippine import and export goods be cleared smoothly? For friends who mail goods to the Philippines, how to ensure the smooth customs clearance of the goods is a very important issue. The following is some precautions for the customs clearance of the Philippines import and export cargo customs clearance!
Import tariffs
The Philippines' import tariffs are collected from quantitative, and part of the price is levied from the price. Products collected from quantitative tariffs include: alcoholic beverages, fireworks and firecrackers, tobacco products, watches, minerals, cartoon, sugar, poker, etc. The range of tariff rates from price tariffs is 10-100%, and the price of the material is standard, which involves a large range of goods. The Philippines established a system on January 1, 1998 with a tax rate of 10%. Agricultural products, seafood, fertilizer, agricultural flowers and herbicides, some oil products, some books and paper import exemption. The bandit also levies documents related costs. The tax is generally used for pick -up forms, pick -up orders, bills, other trading orders, insurance orders, mortgage deeds, attorney and other documents. The value of all formal import invoices is more than 5000 pesos, and the import fee is 250 pesos. This cost will be handed over to the authorized bank by the importer or client.
For one of the following situations, the Philippine Customs is exempted from import tariffs: printing materials, pictures, movies, labels, directory books, price books, small books, etc., but must be marked with the words "samples or advertising materials that are not available for sale". There are samples with commercial value, but value must not exceed $ 1,500; samples are not used to sell or have no commercial value, as well as medical samples with the word "health care".
Import permit
Products that require import permits are car, tractors, cars, diesel engines, gasoline engines, motorcycles, durable consumer goods, news version and printing equipment, cement, and health -related products related to public security safety. For restricted imported products, the central bank is approved in advance, because such products are not basic products, all such products are divided into two categories: non-basic consumer goods and unclassified consumer Goods .
The Philippines will be auctioned for the goods that have not reported to the Philippine Customs within 5 days and the goods that have not been extracted from the customs bonded warehouse one year later, and the Philippines will be auctioned. The auction of the auction should be liquidated. The auction was completed after 10 days and completed within 30 days.
Generally speaking, imported goods with a value of more than 1,000 US dollars need to be issued by the authorized agent banks (or AABS). The conditions for issuing RCs are: importers pay customs tariffs and taxes, and abide by other regulations; photocopies of primitive freight documents, such as commercial invoices, packaging lists, and pick -up orders, should be submitted to the authorized agent banks. The agency bank also receives a deposit on all customs tariffs levied by imported goods.
The above is part of the need for customs clearance in the Philippines' import and export goods. First, I will introduce it here. For places that do not understand, please contact Shanghai WorthCargo International Freight Forwarding Co., Ltd.