Learn new customs rules on import, export of goods

MANILA, Philippines — The Center for Global Best Practices will hold a one-day training titled, New Customs and Trade Rules of the Philippines on June 7 at the EDSA Shangri-La Hotel, Mandaluyong City.

The implementing rules and regulations of the Customs Modernization and Tariff Act have recently been released by the Bureau of Customs through various Customs Administrative Orders (CAOs) and Customs Memorandum Orders (CMOs) to clearly spell out the many changes that will impact on your trade transactions.

Attendees of the training will learn compliance best practices and everything they need to know on the changes in the Tariff and Customs Code of the Philippines that will impact on their trade transactions so they may hurdle the challenges and avoid higher penalties in the form of administrative fines, surcharges and interests for misdeclaration, undervaluation and misclassification of imported goods, failure to pay correct duties and taxes among many others.

This will also include recent Department of Finance issuances as well as relevant foreign and local jurisprudence on matters involving imported goods.

The training is open to the general public and is also highly recommended for business owners and the management of import-export companies, lawyers, CPAs, customs brokers, manufacturers and assemblers, logistics companies, PEZA locators, and other stakeholders. Interested participants are encourages to avail of the early registration savings and group discount for three or more participants. Seats are limited. Pre-registration is required.

Visit www.cgbp.org for details and a complete list of Best Practices programs including the Revised ISBP on LC Transactions, ICC Model International Sales Contracts, INCOTERMS 2010, Understanding Trade Finance Practices & Compliance Issues for Auditors, Philippine Visas and Work Permits, IRRs on the Tax Amnesty for Delinquent Accounts and Estate Taxes, How to Import Goods to the Philippines, 2019 Revised Corporation Code, Best Practices in Succession Planning and many more.  You may also call landlines in Manila (+63 2) 842-7148/ 59 and (+63 2) 556-8968/ 69, in Baguio (+63 74) 423-2914, in Cebu (+63 32) 512-3106 or 07, or Legazpi City (+63 52) 736-0148.