Philippines Import Data | Philippines Customs Data (2024)

FAQs

What are the requirements on Philippine importation? ›

In-quota tariffs range from 30 percent to 50 percent. Sugar has the highest in-quota tariff at 50 percent, followed by rice, poultry, and potatoes at 40 percent. The in-quota tariff for corn is 35 percent, while pork and raw coffee have in-quota tariffs of 30 percent.

To legally enter the U.S., imported goods must arrive within the port of entry, delivery of the merchandise must be authorized by CBP, and estimated duties must be paid.

The ACV establishes a Customs valuation system that primarily bases the Customs value on the transaction value of imported goods, which is the price actually paid or payable for the goods when sold for export to the country of importation, plus certain adjustments of costs and charges.

Frequent travelers can enjoy up to US$10,000.00 worth of duty-free shopping privileges in a given calendar year. However, duty-free shopping is subject to certain conditions and limitations. Purchases must be made in US dollars or its equivalent in Philippine Peso and other acceptable foreign currencies.

Imports must have the following documentation: Invoice (unless a commercial sample under $25 in value) Ocean bill of lading, inland bill of lading, through bill of lading, air waybill (air cargo) Proof of insurance.

US import quotas can be divided into two types – absolute and tariff rate. Tariff‑rate quotas (TRQs) allow the entry of a specified quantity of a product at a reduced rate of duty for a given period.

An import quota is a limit on how many of a specific good or a type of good can be imported into the country in a certain time period. Import quotas are a form of protectionism that governments use to support and protect their domestic industries.

Countries use quotas in international trade to help regulate the volume of trade between them and other countries. Within the United States, there are three forms of quotas: absolute, tariff-rate, and tariff-preference level.

It requires the following documents for the import of goods into India: Bill of Lading / Air Way Bill. Commercial invoice-cum-packing list. Bill of Entry.

What is import customs clearance? ›

The customs clearance process is the act of passing a shipment of goods through customs, the government agency responsible for overseeing the compliance of shipments with international trade laws. Customs officials oversee each incoming or outgoing shipment to make sure it is in line with the country's regulations.

If the vehicle is less than 25 years old and was not originally manufactured to comply with all applicable FMVSS, and/or was not so certified by its original manufacturer, it cannot be lawfully imported into the U.S. on a permanent basis unless NHTSA determines it eligible for importation.

You can use an import tax calculator to calculate customs duties in the Philippines. The rates of import duty in the Philippines include the average duty rate based on the value of the imported goods as well as the Value Added Tax (VAT) or Sales Tax, which is 12% of total landed cost.

Duties & taxes when shipping to Philippines from the US

Additionally, you will also need to pay customs duty on imports to the Philippines. This is calculated as a percentage of the import's cost, insurance, and freight.

Section 800 of the CMTA provides duty and tax free privileges to the following individuals, the extent of which depends on their particular status: (a) Returning Filipino Residents. They are nationals who have stayed in a foreign country for a period of at least 6 months. (b) Overseas Filipino Workers.

A person may freely bring into or take out of the Philippines foreign currency and other bearer monetary instruments (e.g., travelers' checks, other checks, drafts, notes, money orders, bonds) in amounts up to USD10,000 or its equivalent in other foreign currencies.

All goods imported into the Philippines are subject to duty and tax.

Any excess amount not covered by specific written BSP authorization is subject to confiscation by the Philippine Bureau of Customs. A person may carry up to the amount of USD 10,000 (or equivalent in any other foreign currency), in cash or other monetary instruments, into and out of the Philippines.

Identifying data of the goods (Taric code, weight, units), location and packaging. Information referred to the means of transport. Data about country of origin, country of export and destination. Commercial and financial information (Incoterms, invoice value, invoice currency, exchange rate, insurance etc.)

What are the 5 steps in the importation process? ›

On May 15, 2021, Executive Order 134 was issued, setting pork tariffs lower than the original 30% in-quota and 40% out-quota rates. The President also issued Executive Order 133 on May 11, 2021, raising the Minimum Access Volume or tariff-rate quota of pork imports from 54,210 MT to 254,210 MT.

An import quota is a limit on how much a specific good or type of good can be imported into the country in a certain time period. An export quota is a limit on how much of a specific good or type of good can be exported out of a country in a certain time period.

Tariffs are taxes that governments place on imported goods of a specific type. Quotas are import limits that prevent more than a set amount of a specific good from being imported into a country. An embargo is a ban on the trade of a particular good, category of good, or with a specific country.

Tariff-Rate Quotas

There is no limitation on the amount of merchandise that may be imported into the United States, however, quantities entered in excess of the quota limit during that period are subject to a higher duty rate.

For instance, the United States limits the number of Chinese car imports to 3 million per year. The imposition of import quotas on foreign car products will help the domestic car manufacturing companies to increase their production and establish their footprint in the United States market with maximum profit.

An import quota is a limit on the amount of imports that can be brought into a particular country. For example, the US may limit the number of Japanese car imports to 2 million per year. Quotas will reduce imports, and help domestic suppliers.

Ultimately, quotas benefit and protect the producers of a good in a domestic economy, though the consumers end up paying more if the domestically produced goods are priced higher than imports.

The difference between quotas and tariffs

Quotas restrict the quantity of a good imported from another country. Tariffs are a charge levied on the value of goods imported from another country.

Import quotas contain several weaknesses. The government does not get revenue. Domestic consumers bear higher prices. If domestic producers do not increase production to offset a decrease in imports, it reduces supply in the domestic market.

Which is the most important documents used in import procedure? ›

The most important document used in the import procedure is "Bill of Entry". This document is prepared by the importer when he gets information about the arrival of goods at port. This document contains the details of goods such as number, quantities, price, weight etc. so that the custom duty can be calculated.

Shipping bill is a form used by Customs and Excise before goods can be exported from the country. It is the main document on the basis of which the customs office gives the permission to export. Hence shipping bill is used during export transaction and not during import transaction.

CUSTOMS CLEARANCE PHILIPPINES: THE PROCESS

The customs clearance must be processed within 30 days from the time the last package is unloaded. During this period, you need to prepare the required documents to avoid unnecessary delays during releasing.

Shipments will typically be inspected by customs to ensure that the contents match what is being declared and the value of the goods is also declared correctly. There's not much you can do to speed up these customs inspections so it's often the best idea to wait.

Do I need a Customs Broker to clear my goods through U.S. Customs and Border Protection? There is no legal requirement for you to hire a Customs Broker to clear your goods. However, many importers opt to do so for the convenience.

In most cases, the personal exemption is $800, but there are some exceptions to this rule, which are explained below. Depending on the countries you have visited, your personal exemption will be $200, $800, or $1,600.

Tax and duty-exempt importation - refers to the bringing in of goods from the country of origin through a normal business transaction process wherein the payment of the corresponding duties on the goods involved as well as the value added tax (VAT) for the said transaction, are waived.

If the full value of your items is over 10000 PHP, the import tax on a shipment will be 12%. For example, if the declared value of your items is 10000 PHP, in order for the recipient to receive a package, an additional amount of 1200.00 PHP in taxes will be required to be paid to the destination countries government.

WHAT IS THE EXTENT OF THE DUTY FREE SHOPPING PRIVILEGES? The extent varies as follows: (a) Regular Filipino Travelers and Foreign Individual Travelers are entitled to a tax-exempt maximum purchase of USD 1,000. Purchase must be made within 48 hours upon arrival.

How do I pay custom clearance fee in Philippines? ›

These charges may be paid directly online with a credit card, debit card, or Gcash account. When the payment is completed, the customer is offered the option of selecting their preferred mode of delivery.

Add up the goods' value, freight costs, insurance, and any additional costs, and multiply the total by the duty rate. The result is the amount of duty you'll need to pay Customs for your shipment.

The Bureau of Customs has launched a Balikbayan Box Tracker, a simple and hassle-free way of tracking your boxes from abroad online. Just make sure you know the Bill of Lading (BL) number of the shipment your box is in or the Tracking Number. To find out the status of your box, please click the link below.

Up to $1,600 in goods will be duty-free under your personal exemption if the merchandise is from an IP. Up to $800 in goods will be duty-free if it is from a CBI or Andean country. Any additional amount, up to $1,000, in goods will be dutiable at a flat rate (3%).

Tell the seller explicitly that the item is for personal use. Import duties typically apply to items imported for commercial use (business or resale)—not personal or retail sales. If you're importing something for your own personal use or as a gift for someone else, you don't have to pay them.

Documents. Any liquid bulk transportation companies importing to the Philippines should provide an invoice; import permit; packing list; certificate of origin; bill of lading; and customs import declaration.

Bill of lading; Import Permit; Customs Import Declaration; and. Certificate of Origin.

A person or corporation that intends to do business in the Philippines, including manufacturers, importers, traders, distributors and exporters of food, must obtain the appropriate registration or license from the SEC (for domestic and foreign corporations) or the DTI (for sole proprietorship).

How much is customs tax in Philippines? ›

If the full value of your items is over 10000 PHP, the import tax on a shipment will be 12%. For example, if the declared value of your items is 10000 PHP, in order for the recipient to receive a package, an additional amount of 1200.00 PHP in taxes will be required to be paid to the destination countries government.

approximately 4-5 working days from the receipt of the complete documents or transfer of shipments to Customs bonded warehouse. duties takes approximately 5 working days from the date of arrival of the shipment and 6-7 working days for shipments with a tax exemption application.

Can I drive around the country? You can use a valid foreign driver's license in the country for 90 days from the date of your arrival. If you're staying for a longer period of time, we advise converting your license into a Philippine driver's license.

Formal Entry Process shall refer to the cargo clearance process for imported shipments considered to be of commercial nature which are those in excess of FOB or FCA value limitation for informal entry and those for which the informal entry process may not be used, subject to the exceptions provided under the CMTA.

Import procedure means all the steps involved in purchase of goods from any foreign country. The procedural steps involved in import trade differ from country to country in respect of their import policy, statutory requirements. In majority of the countries import trade is being controlled by the government.

According to Rule 5 of the Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2022, The importer shall mention the IIN and the continuity bond number and details while filing the bill of entry at the port of import.