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Tag: Toni Rose L. Capistrano-Flojo

Securing advance rulings on tariff classification

One of the greatest challenges some traders face is to have their shipments put on hold by the Bureau of Customs (BoC) due to tariff classification issues, errors on valuation, and incomplete documents, among others. Often, some importers do not conduct a regular review of their tariff classification codes for accuracy and compliance and as such, they can be potentially paying more duties on their products than they are actually liable for.

Maximizing benefits from ASEAN Free Trade Agreements

THE Association of the Southeast Asian Nations (ASEAN) celebrated a milestone on Aug. 8 with its 50th anniversary, with the Philippines as the chairman...