Since the implementation of Republic Act (RA) No. 10863, otherwise known as Customs Modernization and Tariff Act (CMTA), on the 30th of May 2016, the Bureau of Customs has been working non-stop to weed out companies that are in constant violation of rules and regulations.
“We have 11,000 accredited importers. Once we’re through cleaning this list, we might be left with just half of that number,” Customs Commissioner Nicanor Faeldon told reporters last Friday, after the announcement of delisting some firms and their brokers that committed some violations. “With their removal from the list of accredited importers and brokers, the delisted firms are now effectively banned from transacting with the BOC.”
It is very important to know about some common violations that may lead the agency to delist your company from accreditation. He are some tips to avoid them:
No man is an island. A quote that everyone is familiar with also applies to nations. In the advent of the twenty-first century, globalization has become the norm. The rapid increase of trade and commerce transcended cultural and national boundaries. With every passing day the world becomes smaller and smaller; with each and everyone becoming closer together.