Philippine Asian News Today Vol 20 No 24 | Page 12

BUSINESS NEWS 12 Dominguez orders Customs to donate rice shipments to DWSD PHILIPPINE ASIAN NEWS TODAY December 16 - 31, 2018 PNT Foreign Exchange $1.00 Cdn = P 38.97 Php $1.00 US = P 52.69 €1.00 EUR = P 60.38 D1.00 BHD= P 140.47 R1.00 SAR = P 14.12 ¥1.00 JPY= P 0.48 Finance Secretary Carlos Dominguez III ordered the Bureau of Customs to donate the 30,000 bags of undocumented rice shipments intercepted earlier by the agency to the Department of Social Welfare and Development to help in the government’s anti-poverty and disaster relief programs. Dominguez issued the order to Customs Commissioner Rey Leonardo Guerrero after reporting the interception of the shipment that was tagged in Zamboanga City as undocumented imported rice. “Donate that to the DSWD. They can use that,” Dominguez told Guerrero during the latest executive committee meeting of the Department of Finance. The 30,000 bags of rice for donation to the DSWD are on top of the 16,000 bags earlier turned over by the Customs under former commissioner Isidro Lapeña on Dominguez’s orders to augment disaster relief efforts for typhoon victims. About 9,000 bags of rice seized in the Port of Cebu were turned over by the Customs to the DSWD on Sept. 14. Another 6,921 bags in the Port of Zamboanga and 748 bags in the custody of the bureau’s Enforcement and Security Service were also donated to the DSWD on Sept. 19 and 24, respectively. The Customs said it donated to the DSWD 5,040 pieces of canned goods, 109 packages of emergency survival blankets, 350 boxes of bed sheets, blankets and towels, 1,332 boxes of brand new clothes, and 153 packages of face masks from the Manila International Container Port on Sept. 21. According to a Customs report to Dominguez, the bureau will donate used clothing of various volumes seized from the ports of San Fernando in La Union, Manila, MICP, Legazpi City, Cebu, Cagayan de Oro, Davao and Subic. Earlier, Dominguez directed the Customs to immediately release smuggled rice and other food items seized by the agency to the DSWD to augment ongoing government preparations before typhoon “Ompong” struck Northern Luzon. Dominguez said “government-to- government transfers in emergency situations can be legally fast-tracked” as in the case of the Customs’ release of the seized food stocks to the DSWD for disaster relief.(J. G. Rada, MT) ********** Balikbayan boxes for the yule season Balikbayan boxes (literally “repatriate boxes”) containing their “pasalubongs or padala” are normally sent, through freight forwarders either by sea or air, to their families and relatives in the Philippines to make the season even merrier. They contain goods the sender thinks the recipient would like, regardless of whether these goods can be bought inexpensively in the Philippines. Rules on balikbayan boxes The Customs Modernization and Tariff Act (CMTA) and the Tax Reform Acceleration and Inclusion (TRAIN ) law exempt the importation of balikbayan boxes containing personal and household effects from the payment of customs duty and taxes. The threshold value of such importation should, however, not exceed a total Free Carrier (FCA) value of P150,000 in any calendar year. Any amount in excess shall be subject to the applicable duties and taxes. Customs Memorandum Order (CMO) No. 18-2018 (issued last October 2018) implements Customs Administrative Order (CAO) No. 1- 2018 (issued last August 2018) and provides the guidelines relating to the consolidated shipment of balikbayan boxes. Under CAO 01-2018, only qualified Filipinos while abroad (qualified Filipinos or sender) are allowed to send to their families or relatives (i.e., relatives up to the fourth civil degree of consanguinity or affinity) in the Philippines balikbayan boxes containing personal and household effects. Qualified Filipinos include non- resident Filipinos (i.e., those who have established permanent residency abroad but have retained Filipino citizenship), Overseas Filipino Workers (OFWs) and resident Filipinos (i.e., Filipinos who temporarily stay abroad holding student, investor, tourist and similar visas). For purposes of duty and tax exemption, the balikbayan box should contain only “personal and household effects” that shall neither be in commercial quantities nor intended for barter, sale or for hire. The term “commercial quantity” has been the subject of diverse interpretations but would generally refer to the quantity for a given kind or class of articles which are in excess of what is WWW.PHILIPPINEASIANNEWSTODAY.COM compatible with and commensurate to the person’s normal requirements for personal use. For a single sender with multiple ultimate consignees, commercial quantity of a given class shall be determined based on the total quantity sent by the sender to all consignees. “Personal effects” include new or used articles for personal use or consumption, such as wearing apparels, personal adornments, electronic gadgets, toys, toiletries or similar items. It does not include motor vehicles. (M.A.Tamayo, MT) ***********