
The Philippine Bureau of Customs ( BOC) is planning to update its rules and regulations on the shipment of balikbayan (Filipino overseas) boxes to guard against unscrupulous traders trying to smuggle goods into the country, an official said Monday.
In his recent spot check operations, Customs Commissioner Alberto Lina said the items inside balikbayan boxes can may well be considered as smuggled goods because of non-compliance to the Philippine Tariff and Customs Code.
He said unscrupulous traders are now regularly importing high value goods in commercial quantities through these boxes.
"The existing rules are obsolete and we may have to reassess our coordination and processes with consolidators for stricter and improved compliance," he said, in relation to a Customs Memorandum Order for consolidated shipments from Filipinos abroad dating in the 1990s.
Started in the 1980s, balikbayan boxes are duty and tax free for Filipinos residing or working abroad to sent packages of personal effects or gifts to families in the Philippines for purposes of preserving strong family ties.
GMT 15:13 2018 Saturday ,20 January
US 'erred' in supporting WTO membership for China, RussiaGMT 17:22 2018 Thursday ,18 January
US industrial output in 2017 posts biggest gain since 2010GMT 17:12 2018 Thursday ,18 January
No more bonuses for Carillion bosses after UK collapseGMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor