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The Bureau of Customs (BoC) might soon begin the accreditation of legal monetary operators (AEOs), which would be carried out in all ports, as a part of its alternate facilitation measures this 2020.

Assistant Commissioner Vincent Philip Maronila stated the BoC’s applications and measures that could be applied this year, aimed to acquire a globally competitive change surroundings that is conducive to all.

He stated the Philippine AEO Program became officially released with the aid of the Bureau of Customs on Dec. 2, 2019.

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“We already began operating on our plan to modernize the Philippine alternate systems and manner and develop alternate facilitation and customs processes on the way to be at par with global requirements and that every Filipino can accept as true with and be pleased with,” he stated throughout the recent assembly with stakeholders.

A draft Customs Memorandum Order (CMO) protecting the implementation of the AEO was signed by the commissioner on Nov. 29, 2019. However, following the recommendations made by using the World Customs Organization AEO experts at some point of the AEO workshop, the CMO became beneath evaluation and revision to harmonize its provisions to AEO worldwide requirements.

The harmonization become also in guidance for the proposed AEO Mutual Recognition Arrangement among Asean (Association of Southeast Asian Nations) participants.

Currently, the revised CMO become being finalized for submission to the Commissioner. The workplace space and on line portal facility for the equal were additionally being set-up.

“Once completed, the BoC AEO Office shall start accepting AEO candidates for pre-screening before the cease of February 2020,” he stated.

The AEO application simplifies and harmonizes customs techniques, and pushes for full customs automation, and aligns the Tariff and Customs Code of the Philippines (TCCP) with global standards and practices, in the long run making it less difficult for investors, exporters and importers to conform with borders requirements..

The stakeholders who had been eligible to use for accreditation encompass importers, exporters, customs bonded warehouse, freight forwarders, delivery traces and airways, legal agent banks among others.

“With the ever-changing international opportunities and demanding situations, the want to redefine global trade practices is certainly a should. It is excessive time that we appearance beyond our short-term goals and as a substitute trade the course of our change device and tactics in the direction of globalized international economy. Innovations and reforms have been needed for us to transport forward and achieve a globally aggressive change environment this is conducive to all,” he stated.

The BoC could sell the Advance Ruling System for importation and exportation, which gives rulings on the starting place and valuation method of goods previous to their importation or exportation to make sure certainty and predictability to international change.

They might introduce the Voluntary Pre-Shipment Inspection for Containerized Cargo.

Under CMO 18-2010 handiest importations of bulk and damage-bulk cargoes had been required to comfy a pre-cargo inspection prior to its importation to the Philippines.

“With the influx of importation comes the surge of smuggled items. For this reason, the BOC plans to extend the pre-shipment inspection to containerized cargoes to prevent such smuggling of goods most especially unlawful pills,” Maronila defined.