(NAR) VOL.8 NO. 3 / JULY - SEPTEMBER 1997
3.2.1 CBW accredited members shall be classified as Small industrySmall P5,000
Medium P10,000
Large P20,000
4.1.1 Registration at CD of warehouse operators/members shall be done by presenting their TIN and CBW number for verification and setting-up of proper ACOS account.4.2 Replenishment of IPF pre-payment fund:
4.1.2 CD shall issue a registration slip reflecting the CBW operator/member name, ACOS registration number and the pre-payment amount.
4.1.3 Warehouse operators/members shall set-up the minimum pre-payment amount stated in item 3.2 of the General Provisions at PNB Port Area.
4.1.4 PNB shall then accept the pre-payment fund by issuing an official BOC receipt stating therein the Name of company/CBW Operator, CBW Number, and the pre-payment amount.
4.1.5 PNB shall encode in ACOS the exact amount given as the pre-payment fund for IPF using the ACOS registration as reference.
4.2.1 The Cash Division Chief shall immediately advise CBW Operators/members thru their particular Operating Division (OD) to replenish its pre-payment fund once the ACOS system detects that the remaining balance is ten percent(10%) of original amount or less than P2,000.4.3 Automated collection of IPF:
4.2.1.1 CD shall furnish the different ODs notice of replenishment for CBW operators/members having balances less than 10% of original amount or less than, P2,000 on a weekly basis.
4.2.2 If the remaining balance is less than the IPF amount, processing of the warehouse entry shall be deferred as the system shall not allow non-collection of IPF.
4.2.3 The warehouse operators/members shall then make a replenishment of the pre-payment fund as described in items 4.1.3 & 4.1.4.
4.2.4 PNB Port Area shall then issue an official BOC receipt for the replenished pre-payment amount to CBW operators/members.
4.3.1 Upon electronic assessment of the encoded warehousing entry (either at EEC for green lane entries or at WAD for selected entries), the IPF shall then be automatically collected from the pre-payment fund of the warehouse operator/member.
4.3.2 The CBW operator/member can have a hard copy of the statement of account for the pre-payment fund from PNB Port Area upon demand.
4.4 Reconciliation to Remittance — The designated collection agent bank (PNB) shall be required to submit a copy of IPF remittances to CD, copy furnished Commission on Audit (COA), for their information and guidance.