CDP Conditionally Tax and/or Duty- Exempt Importation
Refers to the determination by the bureau or the qualified "Returning Resident" or OFW that the personal and household effects brought in or sent, are entitled to duty and/ or tax exemption pursuant to section 800
Availment
Refers to the period January 1- Dec. 31 of the same year
Calendar year
-Refers to a document secured upon departure?
- issued by?
-Certificate of identification (COI)
-District Collector or authorized customs officer
Refers to the quantity for a given kind or class
Commercial quantity
Refers to the refund or credit of duties and/or taxes actually paid for the importation,whether in whole or in part.
Drawback
Refers to the indorsement from RO of DOF evidencing exemption of a particular importer
Tax Exemption Indorsement
Exemption upon compliance with the regulations which shall be promulgated by the?
Commisioner with the approval of the SOF
Am i subject to search upon arrival in a PH port of entry?
All persons and baggage are subject to search at any time
( CMTA Sec. 222-223)
Are my goods subject to payment of duties and taxes?
All goods, when imported from any foreign country, including those previously exported from the philippines, shall be subject to duties and taxes, except when specifically exempted. ( CMTA Sec. 104)
Who suspend, disallow or completely withdraw in whole or in part, any conditionally free importation
President may upon recommendation of the SOF
-All applications for exemption from duties and/or taxes shall be filed with the?
- or incase of VAT- Exempt Importation with?
-DOF - RO
-BIR
-All goods availing duty and/or tax exemption shall be issued the corresponding?
- for VAT- Exempt purposes and shall be endorsed to?
-Tax Exemption Indorsement (TEI) or BIR, Authority to Release Imported Goods (ATRIG),
-BOC Tax Exempt Division (TED)
Failure to declare any dutiable goods and taxes plus a surchage of?
- 30% based on the total landed cost ( CMTA Sec. 1404)
-Compensation paid for saving a ship or its cargo from the perils of the sea or for the lives and property rescued in a wreck
- The act of saving or rescuring a ship or its cargo
Salvage
Document to be filed with the bureau
The bureau may extend the time for exportation or payment of duties, taxes and other charges for a term not exceeding 6months from the expiration of the original period
They are nationals who have stayed in a foreign country for a period of at least 6months
Returning Filipino Residents
They are holders of valid passport duly issued by the DEPARTMENT OF FOREIGN AFFAIRS ( DFA),(DOLE), (POEA) for overseas employment purposes.
Overseas Filipino Workers
They are Filipinis or their families and descendants who are now residents or citizens of other countries ( and arevcoming to resenttle in the Philippines).
Overseas Filipinos
who are allowed to bring in Balikbayan Boxes?
-Resident of the Philippines
-OFWs
-Other Filipinos while residing abroad