(NAR) VOL. 9 NO. 3 / JULY - SEPTEMBER 1998
2.1.1 The Collector of Customs is hereby authorized to accept RCDM in payment of customs duties after ensuring that the RCDM amount is not more than 10% of duties payable.2.2 The Accounting Division of the Bureau shall prepare the journal entries and submit a quarterly report thereof to DOE in conformity with the accounting system in the Joint Circular and in coordination with the Collection Division.
2.1.2 Each Reimbursement Certificate shall be utilized only in one collecting agency. Once an RC is applied initially at the Bureau of Customs, the succeeding RCDM for BOC payment shall be derived therefrom until the RC is completely used.
2.1.3 Payment shall not exceed 10% of the customs duty per shipment/import entry.
2.1.4 Payment by the oil company through Reimbursement Certificates/RCDM shall be treated by the Bureau as constructive cash collection of customs duty, hence shall be credited as actual collection of the Bureau.
2.1.5 Payment by RCDM shall be treated in the same manner as Tax Credit Debit Memos (TCDM). Customs Cashiers shall utilize a separate BOC Form 38-A booklet for DOE issued RCDM.
2.1.6 The Collector of Customs shall prepare a monthly report of RCDM received as payment and submit the same to the Director, Collection Service for confirmation of the amount utilized, and the Chief, Accounting Division for accounting purposes in line with Section 6 of JC 1-98.
2.1.7 The Reimbursement Certificates shall not be transferable.
2.1.8 For transparency and proper reconciliation of the total RC issuances, DOE shall initially provide the Commissioner of Customs (Attn.: Collection Service) with a duly certified list of Reimbursement Certificates issued and immediately thereafter with the report of Reimbursement Certificates received and applied at the BIR and the BOC.
2.1.9 Reimbursement Certificates (RC) and RC Debit Memos may be verified by the Collector of Customs via fax (Collection Service — Fax No. 527-4523) before the same is accepted as payment.
1. Date applied for payment5. Effectivity Clause - This order shall take effect September 1, 1998 and shall last until the reimbursement of the OPSF is completed by the DOE.
2. RCDM number
3. Amount
4. Customs Official Receipt No.
5. IED & IEIRD No.
6. Vessel
7. B/L No.
8. Date of Arrival
9. Description of Cargo