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(NAR) VOL. 19 NO. 2 / APRIL - JUNE 2008
[ BOC CUSTOMS MEMORANDUM ORDER NO. 19-2008, March 24, 2008 ]
GUIDELINES ON THE RENEWAL OF RE-EXPORT BOND OF ALL SHIPS ACQUIRED/OPERATING THRU BAREBOAT CHARTER PURSUANT TO P.D. 760, AS AMENDED
1.1 To implement centralized clearance for the renewal of re-export bonds of foreign-registered ships acquired thru bareboat charter.
1.2 To prevent all forms of fraud associated with the renewal of said Re-Export Bonds.
1.3 To increase revenue collection from forfeited Re-Export Bonds.
2. Scope
2.1 This order will cover all renewals of re-export bonds of foreign-registered ships acquired or operating thru bareboat charter pursuant to RD. 760 as amended by P.D. Nos. 866 and 1711.
3. Operational Provisions
3.1 All applications for renewal of re-export bonds of subject ships with its supporting documents shall be filed with the Office of the District Collector concerned (Attention: Chief, Bonds Division).
3.2 Upon approval of the application for renewal by the District Collector concerned, the latter shall forward the said application to the Office of the Commissioner (Attention: Chief, Certificate of Payment Central Clearing Center) for Clearance.
3.3 The OCOM, through the Certificate of Payment Central Clearing Center (CPCCC) shall evaluate if the re-export bond posted by the applicant is sufficient to cover the duties and taxes of the subject ship, which shall be equivalent to 150 of the duties and taxes. It shall also evaluate if the charterer of the subject ship is qualified to post a re-export bond or to pay outright the duties and taxes.
3.4 If the OCOM, through the CPCCC, finds the re-export bond inadequate, it shall return the same to the District Collector concerned with the directive to require the applicant to post additional re-export bond. Upon posting of the additional re-export bond by the applicant, the District Collector shall return the subject application to the OCOM (attention: CPCCC).
3.5 If the re-export bond is sufficient, or after compliance by the applicant with the directive to post additional re-export bond, the OCOM, through the CPCCC shall issue a Clearance for the renewal of the re-export bond subject to the condition that the same shall be renewed after (6) months reckoned from the date of the issuance of the said clearance.
4. Repealing Clause
4.1 All rules and regulations inconsistent with this Order are hereby deemed repealed, superseded or modified accordingly.
5. Effectivity
5.1 This Order shall take effect immediately.
Adopted: 24 March 2008
(SGD.) NAPOLEON L. MORALES
Commissioner
1.2 To prevent all forms of fraud associated with the renewal of said Re-Export Bonds.
1.3 To increase revenue collection from forfeited Re-Export Bonds.
2.1 This order will cover all renewals of re-export bonds of foreign-registered ships acquired or operating thru bareboat charter pursuant to RD. 760 as amended by P.D. Nos. 866 and 1711.
3.1 All applications for renewal of re-export bonds of subject ships with its supporting documents shall be filed with the Office of the District Collector concerned (Attention: Chief, Bonds Division).
3.2 Upon approval of the application for renewal by the District Collector concerned, the latter shall forward the said application to the Office of the Commissioner (Attention: Chief, Certificate of Payment Central Clearing Center) for Clearance.
3.3 The OCOM, through the Certificate of Payment Central Clearing Center (CPCCC) shall evaluate if the re-export bond posted by the applicant is sufficient to cover the duties and taxes of the subject ship, which shall be equivalent to 150 of the duties and taxes. It shall also evaluate if the charterer of the subject ship is qualified to post a re-export bond or to pay outright the duties and taxes.
3.4 If the OCOM, through the CPCCC, finds the re-export bond inadequate, it shall return the same to the District Collector concerned with the directive to require the applicant to post additional re-export bond. Upon posting of the additional re-export bond by the applicant, the District Collector shall return the subject application to the OCOM (attention: CPCCC).
3.5 If the re-export bond is sufficient, or after compliance by the applicant with the directive to post additional re-export bond, the OCOM, through the CPCCC shall issue a Clearance for the renewal of the re-export bond subject to the condition that the same shall be renewed after (6) months reckoned from the date of the issuance of the said clearance.
4.1 All rules and regulations inconsistent with this Order are hereby deemed repealed, superseded or modified accordingly.
5.1 This Order shall take effect immediately.
Adopted: 24 March 2008
Commissioner