Bureau of Customs Issued CAO 07-2020 under the “Bayanihan to Heal as One Act"
The Bureau of Customs (BOC) on Wednesday issued the guidelines for the implementation of tax and duty-exempt importations of personal protective equipment (PPEs) and other emergency medical supplies, under the “Bayanihan to Heal as One Act.”
BOC said Customs Administrative Order (CAO) 07-2020 will serve as the guidelines for Section 4(o) of Republic Act No. 11469 which states that importation of equipment and supplies for COVID-19 response shall be exempt from impost duties, taxes, and other fees.
“The aim of this CAO is to expedite customs clearance of tax and duty-exempt importations of PPEs and medical goods which are urgently needed by the country’s citizens, frontliners, and medical supplies manufacturers in this public health emergency we are currently facing,” the BOC said.
“To achieve this, importers of PPEs and medical equipment and supplies for commercial purposes are now exempted from presenting the Certificate of Product Notification (CPN) or Certificate of Product Registration (CPR) issued by the Food and Drugs Administration (FDA) prior to release from the Bureau, provided that they present a copy of their License to Operate (LTO) and proof of application for product notification with the FDA,” it said.
However, those importing ventilators, respirators, and their respective accessories for commercial purposes only need to present a copy of their LTO.
Read full text at GMA News Network
Download BOC CAO 07-2020 here
Subscribe to:
Post Comments (Atom)
-
If you are a member of FICCO who is out of the country right now. How would you react if FICCO will offer loan applications online? and eval...
-
You'll need the Audited FS of your cooperative to start with. the following data's are important in computing the Dividend and Pa...
-
What started as a small, closed-type credit union, the First Community Cooperative (FICCO) is now into helping cooperative rural banks get ...
-
With certain limitations, a member may avail of several loans at the same time depending on his capacity to pay, the collateral he can offer...
-
You ask a most relevant question: Why did/do cooperatives fail? But you prefaced it with the phrase: "With all the members' trust, ...

No comments:
Post a Comment